How is the zakah on shares calculated?
Machine translationRead the Arabic original
Question:
May Allah reward you. This questioner is asking about shares: how is their zakah calculated?
Answer:
As for shares, I do not enter into them because I am holding back on them. I do not enter into them with an answer or a fatwa, because they have become a type of gambling, a type of ignorance, gharar (excessive uncertainty in a contract), riba (usury or interest), and terrible matters. There is no exchange of possession in them, and nothing is actually taken possession of; they are merely words upon words. Yes.
May Allah reward you. This questioner is asking about shares: how is their zakah calculated?
Answer:
As for shares, I do not enter into them because I am holding back on them. I do not enter into them with an answer or a fatwa, because they have become a type of gambling, a type of ignorance, gharar (excessive uncertainty in a contract), riba (usury or interest), and terrible matters. There is no exchange of possession in them, and nothing is actually taken possession of; they are merely words upon words. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 36 - 55 كيف تكون زكاة الأسهم؟- الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.