buying car from auction for resale and paying zakat on it

Name

Question:

I want to buy a car for an auction and then I will sell to some private owner. Is this is permissible? And do i need to pay any zakat money on this car?

Jazakallah khairan.

Answer:

بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم

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

Yes, it is permissible to buy a car from auction with the intention of selling it to a private owner. And it will be compulsory to pay zakat on the car since it will be bought with the intention of selling it.

And Allah Ta'ala knows best

Mufti Faizal Riza

6/2/2013

Darul Ifta Australia

www.mufti-online.net

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