The ruling on the zakah of money deposited in an investment company
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The questioner:
A questioner says: I have a sum of money that I deposited in an investment company, and it has been there for two years. Do I pay the zakah on this amount at the time I pay my zakah, or do I wait until the end of the term? Please give us a ruling on this, may Allah reward you with good.
The Shaykh:
Whatever completes a year, you pay zakah on it along with its profits. If it has profits, you pay zakah on the capital and on the profit with it. Whatever completes a year, if this money is in a company for buying and selling or a profit-sharing partnership, then you pay zakah on it. But if this investment is in construction projects, factory projects, or fixed matters that yield rent for you, then you pay zakah on the rent and the yield that comes to you. Yes.
The questioner:
And he says: Just as this company gives profits that are expected to be approximately seven percent, or possibly less than that, what is the ruling on that?
The Shaykh:
You pay zakah on what you receive, whether much or little. If it is a profit-sharing partnership, you pay zakah on it and on the capital. If it is a company of properties, real estate, and fixed items, you pay zakah on what you receive if it reaches the nisab (minimum threshold for zakah). You pay zakah on it, or if it does not reach the nisab, but you have other monies, you add it to them and pay zakah on them together. Yes.
A questioner says: I have a sum of money that I deposited in an investment company, and it has been there for two years. Do I pay the zakah on this amount at the time I pay my zakah, or do I wait until the end of the term? Please give us a ruling on this, may Allah reward you with good.
The Shaykh:
Whatever completes a year, you pay zakah on it along with its profits. If it has profits, you pay zakah on the capital and on the profit with it. Whatever completes a year, if this money is in a company for buying and selling or a profit-sharing partnership, then you pay zakah on it. But if this investment is in construction projects, factory projects, or fixed matters that yield rent for you, then you pay zakah on the rent and the yield that comes to you. Yes.
The questioner:
And he says: Just as this company gives profits that are expected to be approximately seven percent, or possibly less than that, what is the ruling on that?
The Shaykh:
You pay zakah on what you receive, whether much or little. If it is a profit-sharing partnership, you pay zakah on it and on the capital. If it is a company of properties, real estate, and fixed items, you pay zakah on what you receive if it reaches the nisab (minimum threshold for zakah). You pay zakah on it, or if it does not reach the nisab, but you have other monies, you add it to them and pay zakah on them together. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، هل تجب الزكاة في الأموال المودعة في شركة لاستثمارها؟ للشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.