What impact does the company's zakat have on me as a customer? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What impact does the company's zakat have on me as a customer?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Calculating zakat for a company requires a broader picture than just bank account balances: inventory, cash, receivables, liabilities, and the nature of the business.

Use the financial statements and then apply the appropriate zakat methodology.

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