Zakah on Shares
Machine translationRead the Arabic original
The questioner:
The questioner asks: Is there zakah on stocks?
The Shaykh:
Yes, stocks intended for trade, for buying and selling, are trade goods, and one pays zakah on their value. Yes.
The presenter:
The questioner says: My father divided his property among his sons?
The Shaykh:
As for the fixed shares that a person invests in a company or a factory, he pays zakah on the profit he obtains from them, because they are not for sale but for investment. As for the shares that are for sale, where he buys and sells them, this is like one who buys and sells goods; he owes zakah on their value. Yes.
The questioner asks: Is there zakah on stocks?
The Shaykh:
Yes, stocks intended for trade, for buying and selling, are trade goods, and one pays zakah on their value. Yes.
The presenter:
The questioner says: My father divided his property among his sons?
The Shaykh:
As for the fixed shares that a person invests in a company or a factory, he pays zakah on the profit he obtains from them, because they are not for sale but for investment. As for the shares that are for sale, where he buys and sells them, this is like one who buys and sells goods; he owes zakah on their value. Yes.
Source
كلمات رمضانية 03-09-1432هـ — alfawzan.live (29:47)
The Arabic text is a machine transcription of the audio recording.