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Business liabilities

Video: Zakat on business assets & liabilities - Imam Abid Khan

You may consider certain short term and long term liabilities as deductible assets:

  • The total value of rent, bills and salaries outstanding or overdue
  • The total value of outstanding short-term commercial loans
  • The next year’s noninterest portion of long term business debt
  • The total value of goods purchased on credit

* Please note short term is less than 12 lunar months, and long term is more than 12 lunar months

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