Common Business Zakat Mistakes
Many business owners make errors when calculating Zakat. Avoiding these mistakes ensures your Zakat is correct.
Common mistakes include forgetting about receivables, including equipment in Zakat, and not calculating stock value.
Mistake 1: Forgetting Receivables
Money owed to you is zakatable.
If customers owe you money, include it in your Zakat calculation. Many business owners forget about invoices that have not been paid yet.
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Get It Right