At what value is zakat due on trade goods?

Question

On the sale of books, after deducting commission and the like, twenty to twenty-five rupees per hundred remain to us. Will zakat on the stock of books be wajib according to the cost we spent on them, or according to the price at which we sell the books?

Answer

At the time of paying zakat, i.e. on completion of the year, zakat will be wajib on whatever value is present.

Source: Fatawa Mahmudiyya

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