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> instead of just 'banking' it. From my understanding, Zakat will apply to any asset you use to bank things. Let's say you run a grocery store. Long lived item
by azth 5y ago
> instead of just 'banking' it.
From my understanding, Zakat will apply to any asset you use to bank things. Let's say you run a grocery store. Long lived items that are not sold after 1 lunar year will have Zakat apply to them. They're treated as money basically. Similar with land or property, if you're not doing anything with them, just banking them, then they get treated as money. Hope that makes sense.