Is Zakat liable on invoices not issued yet?

Q:  We have annual contracts signed in advance with our customers to provide service support for the year. Invoice is sent out each month. Is zakat liable on the months in advance, even though invoices have not been sent and service not provided yet?

الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب

 

A: There is no liability for zakat for the months in advance. Zakat is payable only for invoices that have fallen due by the zakat anniversary.

 

Leave a Reply

Your email address will not be published. Required fields are marked *