The Ruling on Participating in Companies and the Obligation of Zakah in Them
Machine translationRead the Arabic original
Question:
Is participating in companies by buying shares lawful or forbidden? And if it is lawful, how is the zakah due in it? Is it due on the capital or on the profits?
Answer:
If the participation is in land, houses, or cars, there is no harm. If it is for trade, he pays zakah on the whole. But if it is land that is not for trade, and is only rented out, then the zakah is on the rent if a lunar year has passed over it. As for land, houses, or cars that are bought and sold, he pays zakah on the whole; because they are all for sale, all prepared for sale.
Is participating in companies by buying shares lawful or forbidden? And if it is lawful, how is the zakah due in it? Is it due on the capital or on the profits?
Answer:
If the participation is in land, houses, or cars, there is no harm. If it is for trade, he pays zakah on the whole. But if it is land that is not for trade, and is only rented out, then the zakah is on the rent if a lunar year has passed over it. As for land, houses, or cars that are bought and sold, he pays zakah on the whole; because they are all for sale, all prepared for sale.
Source
قناة «فضيلة الشيخ ابن باز Alsheikh Binbaz»، 506 ما حكم المساهمة في الشركات؟ وكيف تجب الزكاة فيها؟ للإمام ابن باز — youtube.com
The Arabic text is a machine transcription of the audio recording.