Fatwa: # 43871
Category: Business Matters
Country: African Country
Date: 5th December 2019

Title

Buffalo Project Al Mabroor Investment

Question

Respected Mufti Saheb ,

Buffalo Project AlMabroor Investment -  When the buffalo are sold off each year after the 5 year breeding stage , does one pay zakaat on the capital invested (R 100 000-00) and the profits for the future years as well annualy?

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

The Al-Mabroor Buffalo investment scheme is based only on breeding buffaloes. [i]

Accordingly, there is no Zakat payable on the capital amount invested or on the additional buffaloes. If one sells his buffaloes then Zakat will be on the cash reserves according to one’s personal financial situation.

Allah Ta’āla Knows Best

Checked and Approved by,
Mufti Ebrahim Desai.

______


[i]النهر الفائق شرح كنز الدقائق (1/ 424)

 وأما الوحشي من البقر والغنم وغيرهما فلا يعد في النصاب وكذا المتولد من أهلي ووحشية كذا في (الدراية)

 

البناية شرح الهداية (3/ 330)

قلت: الجاموس أهلي وذلك وحشي، والوحشيات من البقر والغنم وغيرهما لا يعتد به في النصاب، وكذا المتولد بين أهلي ووحشي، كذا قاله الكاكي

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