A minimum of eleven months...

A minimum of eleven months, leading to the twelfth month, should have elapsed under the ownership of the same person, before any zakat becomes due. The fourth category [of property where zakat becomes payable is revenue from trading]. It is the capital used, for buying and selling, by a person with the aim of making a profit. The rate of zakat deductible is 2.5% when all the following conditions are met: The owner should have attained adulthood and be sound in mind. 2.

The property should attain the minimum outlined in silver and gold monetary means of exchange. 3. The lapse of one (tax) year on it, in kind, from the date it was intended for trading and making profit. 4. The…