Zakah on Shares
Machine translationRead the Arabic original
Question:
Is there zakah on stocks? If there is zakah on them, how much is it?
Answer:
Shares are of two types. The first type is fixed shares that are invested in, such as shares in an electricity company, a water company, or something else, or fixed shares in a cement company. The zakah on these is due on their yield; if you receive any of their yield, you pay zakah on it. The second type is shares that are for buying and selling. These are like merchandise. You value them at their worth at the end of the lunar year, and you pay zakah on them just like other merchandise.
Is there zakah on stocks? If there is zakah on them, how much is it?
Answer:
Shares are of two types. The first type is fixed shares that are invested in, such as shares in an electricity company, a water company, or something else, or fixed shares in a cement company. The zakah on these is due on their yield; if you receive any of their yield, you pay zakah on it. The second type is shares that are for buying and selling. These are like merchandise. You value them at their worth at the end of the lunar year, and you pay zakah on them just like other merchandise.
Source
لقاء مفتوح 11-07-1433هـ — alfawzan.live (21:08)
The Arabic text is a machine transcription of the audio recording.