Zakat when i have a cashflow problem

Everyday Islamic Finance Business and Career Questions
1

Assalamualaikum,

My business owes zakat on stock which has not sold yet. The business doesn’t have the cash to pay the zakat so can i borrow money to pay the zakat on the condition that as soon as i sell the goods i will return that money?

Jazakallah

2

Assalamualaikum, any thoughts on this?

3

Wa alaykum salaam,

Yes you can borrow money. Alternatively, you can pay Zakat gradually as cash comes in over the course of 12 months.

Allah knows best

4

Jazakallah for the reply!