Zakat Expert

Is Zakat due on operational fixed assets?

A: Zakat is not obligatory on operational fixed assets such as the premises of the institution and its equipments; or on intangible assets such as patent rights, trademarks and computer software. Zakat is also not obligatory on moveable assets acquired for operation (other than those prepared for trade) such as spare parts and tools used for further production, even when such assets are kept in the warehouses.

And Allah knows best!

Reviewed on 30/11/2021

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