Zakah on Shares When the State Collects the Zakah
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Question:
The questioner says: Honorable Shaykh, the state collects zakah every year from companies such as SABIC and others. Is zakah obligatory on the one who owns shares in them, given that he buys and sells with these shares?
Answer:
If the state takes the zakah from the companies in full, then there is no zakah on their owners because it has been paid. However, if it takes only a portion of it—and this is the reality, as it does not take the full zakah but only a portion of it—then the owner of the shares pays zakah on the remainder whose zakah has not been paid. Yes.
The questioner says: Honorable Shaykh, the state collects zakah every year from companies such as SABIC and others. Is zakah obligatory on the one who owns shares in them, given that he buys and sells with these shares?
Answer:
If the state takes the zakah from the companies in full, then there is no zakah on their owners because it has been paid. However, if it takes only a portion of it—and this is the reality, as it does not take the full zakah but only a portion of it—then the owner of the shares pays zakah on the remainder whose zakah has not been paid. Yes.
Source
مجالس رمضان 1429هـ - 05 — alfawzan.live (21:44)
The Arabic text is a machine transcription of the audio recording.