Zakah on Shares in Companies
Machine translationRead the Arabic original
The questioner:
The questioner says: I have shares in a company that I have held for three years. I have not sold them, nor have I added to them, but there are accumulated profits, and I have not withdrawn or deposited anything in this account.
The Shaykh:
Yes.
The questioner:
He says: The question is clear, Shaykh.
The Shaykh:
If the shares are for buying and selling, they are like goods; they are valued and zakah is paid on them when the lunar year is completed, exactly like a commodity. As for shares invested in stable companies, such as electricity, cement, or agriculture—shares in stable companies from which one derives what they yield each year—zakah is due on the yield, i.e., on what you have obtained from the yield, you pay zakah on it. Yes.
The questioner says: I have shares in a company that I have held for three years. I have not sold them, nor have I added to them, but there are accumulated profits, and I have not withdrawn or deposited anything in this account.
The Shaykh:
Yes.
The questioner:
He says: The question is clear, Shaykh.
The Shaykh:
If the shares are for buying and selling, they are like goods; they are valued and zakah is paid on them when the lunar year is completed, exactly like a commodity. As for shares invested in stable companies, such as electricity, cement, or agriculture—shares in stable companies from which one derives what they yield each year—zakah is due on the yield, i.e., on what you have obtained from the yield, you pay zakah on it. Yes.
Source
كلمات رمضانية 11-09-1432هـ — alfawzan.live (38:19)
The Arabic text is a machine transcription of the audio recording.