The ruling on the zakah of shares if the company has paid it
Machine translationRead the Arabic original
Question:
What is the ruling on the zakah of shares, given that I invested through acquisition five years ago and have not paid the zakah, because I heard that the companies are responsible for the zakah?
Answer:
If the companies are committed to paying the zakah on behalf of the shareholders, then they act as their agents, and there is no harm in them paying it through agency. However, if the companies are not committed to paying the zakah, then every shareholder must pay the zakah on his shares when the lunar year of possession has passed, along with their profits. Yes.
The presenter:
May Allah reward you, Honorable Shaykh
What is the ruling on the zakah of shares, given that I invested through acquisition five years ago and have not paid the zakah, because I heard that the companies are responsible for the zakah?
Answer:
If the companies are committed to paying the zakah on behalf of the shareholders, then they act as their agents, and there is no harm in them paying it through agency. However, if the companies are not committed to paying the zakah, then every shareholder must pay the zakah on his shares when the lunar year of possession has passed, along with their profits. Yes.
The presenter:
May Allah reward you, Honorable Shaykh
Source
لقاء مفتوح في الدفاع الجوي بالطائف — alfawzan.live (26:03)
The Arabic text is a machine transcription of the audio recording.