Delaying the zakah of money invested in pure stocks
Machine translationRead the Arabic original
Question:
He says: Our honorable Shaykh, I invested a sum of money with a person to work with it in pure stocks. A lunar year has passed over this amount, and I did not pay its zakah, on the condition that that person would pay it. Now the second year has passed over this amount, and I have nothing to pay the zakah with now except the money that is with that person. Do I bear sin for delaying the zakah, knowing that I am determined to pay the due zakah? May Allah reward you with good.
Answer:
I do not know these "pure stocks." They classified them as pure, mixed, and exclusive. This is a classification from their own side. And you see the outcome. What has become of them now? You see the outcome of these investments. Where are the "pure" ones? Where did the ones they called pure go? Why did their people not succeed?
So none of them are pure. It is obligatory for the Muslim to manage his own money, to sell and buy himself, and not to entrust it to these people. He manages it himself, sells and buys in the markets, and seeks his provision from Allah (Glorified and Exalted is He). He does not enter with these people into adventures, into ignorance, into gambling, into riba (usury or interest), and into many perils. Yes, you see the outcome. What has become of them now? Yes.
He says: Our honorable Shaykh, I invested a sum of money with a person to work with it in pure stocks. A lunar year has passed over this amount, and I did not pay its zakah, on the condition that that person would pay it. Now the second year has passed over this amount, and I have nothing to pay the zakah with now except the money that is with that person. Do I bear sin for delaying the zakah, knowing that I am determined to pay the due zakah? May Allah reward you with good.
Answer:
I do not know these "pure stocks." They classified them as pure, mixed, and exclusive. This is a classification from their own side. And you see the outcome. What has become of them now? You see the outcome of these investments. Where are the "pure" ones? Where did the ones they called pure go? Why did their people not succeed?
So none of them are pure. It is obligatory for the Muslim to manage his own money, to sell and buy himself, and not to entrust it to these people. He manages it himself, sells and buys in the markets, and seeks his provision from Allah (Glorified and Exalted is He). He does not enter with these people into adventures, into ignorance, into gambling, into riba (usury or interest), and into many perils. Yes, you see the outcome. What has become of them now? Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، محاضرات في العقيدة والدعوة-037-الفرق بين التيسير الشرعي والمعاصر|صالح الفوزان|كبار العلماء — youtube.com (1:07:07)
The Arabic text is a machine transcription of the audio recording.