How are raw materials, goods in progress and finished goods valued for Zakat?
Question: How are raw materials, inventory and finished goods valued for Zakat? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer:1. Raw material – for Zakat purposes, will consider its current value (usually difficult to determine, so may use cost price alternatively) 2. Work in progress – for […]
