How is the zakah on shares calculated, given that they fluctuate between profit and loss, and when is it paid?
Machine translationRead the Arabic original
The questioner:
May Allah reward you with good, and may He do you good. Also, Shaykh Salih (may Allah preserve you) asks you about the zakah on shares: How is the zakah on shares calculated, given that they fluctuate between profit and loss?
The Shaykh:
Shares fall into two categories: shares in commercial companies and trading companies involved in buying and selling. For these, one pays zakah on them and on their profits; one pays zakah on the capital and on the profit that comes with it. Every year that passes over the profit, one pays zakah on it, and every year that passes over the capital, one pays zakah on it and on the profit that has accrued with it, even if a full lunar year has not passed over the profit, because the lunar year of the profit is the lunar year of the capital, as the profit is attached to the capital. As for shares in investment companies, such as agricultural companies, electricity companies, public transport companies, or factories, one pays zakah on the yield one obtains from them. So if one obtains a yield from them, one pays zakah on it.
The presenter:
Yield, meaning slaughter, may Allah preserve you. Yes.
The Shaykh:
The profit one receives annually, one pays zakah on it. All right, yes.
The presenter:
When does one pay zakah on it? When one receives it, or after a lunar year has passed while it is in one's possession?
The Shaykh:
When a lunar year has completed from the time of its acquisition.
The presenter:
From our lunar year.
The Shaykh:
From its acquisition. Yes.
The presenter:
May Allah reward you with good.
The Shaykh:
In one's hand, and its acquisition is its production, its production, even if it is with the company. The lunar year begins from when, so if a lunar year has completed from the realization of its existence, one pays zakah on it.
The presenter:
Sometimes there is [a yield] and sometimes there is not, and sometimes it increases or decreases for a person.
The Shaykh:
One pays zakah on what one receives.
The presenter:
One pays zakah on what one receives.
The Shaykh:
If it reaches the nisab, or if one has money that one adds to it and pays zakah on it together.
The presenter:
May Allah reward you with good, and may He do you good.
May Allah reward you with good, and may He do you good. Also, Shaykh Salih (may Allah preserve you) asks you about the zakah on shares: How is the zakah on shares calculated, given that they fluctuate between profit and loss?
The Shaykh:
Shares fall into two categories: shares in commercial companies and trading companies involved in buying and selling. For these, one pays zakah on them and on their profits; one pays zakah on the capital and on the profit that comes with it. Every year that passes over the profit, one pays zakah on it, and every year that passes over the capital, one pays zakah on it and on the profit that has accrued with it, even if a full lunar year has not passed over the profit, because the lunar year of the profit is the lunar year of the capital, as the profit is attached to the capital. As for shares in investment companies, such as agricultural companies, electricity companies, public transport companies, or factories, one pays zakah on the yield one obtains from them. So if one obtains a yield from them, one pays zakah on it.
The presenter:
Yield, meaning slaughter, may Allah preserve you. Yes.
The Shaykh:
The profit one receives annually, one pays zakah on it. All right, yes.
The presenter:
When does one pay zakah on it? When one receives it, or after a lunar year has passed while it is in one's possession?
The Shaykh:
When a lunar year has completed from the time of its acquisition.
The presenter:
From our lunar year.
The Shaykh:
From its acquisition. Yes.
The presenter:
May Allah reward you with good.
The Shaykh:
In one's hand, and its acquisition is its production, its production, even if it is with the company. The lunar year begins from when, so if a lunar year has completed from the realization of its existence, one pays zakah on it.
The presenter:
Sometimes there is [a yield] and sometimes there is not, and sometimes it increases or decreases for a person.
The Shaykh:
One pays zakah on what one receives.
The presenter:
One pays zakah on what one receives.
The Shaykh:
If it reaches the nisab, or if one has money that one adds to it and pays zakah on it together.
The presenter:
May Allah reward you with good, and may He do you good.
Source
قناة «العلامة الدكتور صالح الفوزان»، كيف تكون زكاة الأسهم علما بأنها بين الربح والخسارة، ومتى يزكيه؟ الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.