The Ruling on Investing in Stocks and How to Pay Zakah from Them
Machine translationRead the Arabic original
Q117: The questioner asks: What are the conditions and obligations for one who deals in stocks, and these stocks are mixed? Do you advise investing in such things, and is there zakah on them?
A117: Stocks differ; stocks are of two types: The first: Fixed stocks in companies that are invested in, such as stocks in agriculture and stocks in factories. These are fixed stocks that a person invests in based on what they produce. The second type: Commercial stocks offered for sale and purchase. If these are shares in permissible matters, there is no harm in that. One pays zakah on them because they have become commercial goods among the goods of trade. If a year has passed over them, he appraises them at their value and pays zakah on them.
A117: Stocks differ; stocks are of two types: The first: Fixed stocks in companies that are invested in, such as stocks in agriculture and stocks in factories. These are fixed stocks that a person invests in based on what they produce. The second type: Commercial stocks offered for sale and purchase. If these are shares in permissible matters, there is no harm in that. One pays zakah on them because they have become commercial goods among the goods of trade. If a year has passed over them, he appraises them at their value and pays zakah on them.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.