Zakah due on the cattle should be paid only of their very kind

Q: Please, provide us with a Fatwa (legal opinion issued by a qualified Muslim scholar) regarding the camels intended for racing and commerce. Is Zakah (obligatory charity) due on them? Are these camels regarded as commercial commodities or is Zakah due on their value when they are sold and the paid price completes a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due)?Please advise, may Allah reward you with the best reward in this life and in the Hereafter. Amen!

A: If the camels are bred for racing in order to receive prizes awarded to the owners of the winning camels and they are not for sale, then no Zakah is due on the animals themselves. Zakah is only due on the money gained as a prize for winning a race after the passing of a Hawl since obtaining it and it reaches the Nisab (the minimum amount on which Zakah is due). The due Zakah on it is 2.5%, namely, two Riyals and a half per hundred Riyals.May Allah grant us success. May peace and blessings be upon Prophet Muhammad, his family, and Companions.