Zakah on Shares
Machine translationRead the Arabic original
Question:
The questioner asks: Is zakah due on shares, whether they are for trading or investment? And if zakah is due on them, what is the procedure for the years in which zakah was not paid, given that the number of shares was not recorded?
Answer:
Shares fall into two categories: shares in productive companies, such as factories, agricultural farms, or agricultural companies. For these, zakah is due on the produce; if you receive any of the produce, you pay zakah on what you received. The second category is shares held for buying and selling. These are like merchandise; you assess their value at their market price and pay zakah on that value.
The questioner asks: Is zakah due on shares, whether they are for trading or investment? And if zakah is due on them, what is the procedure for the years in which zakah was not paid, given that the number of shares was not recorded?
Answer:
Shares fall into two categories: shares in productive companies, such as factories, agricultural farms, or agricultural companies. For these, zakah is due on the produce; if you receive any of the produce, you pay zakah on what you received. The second category is shares held for buying and selling. These are like merchandise; you assess their value at their market price and pay zakah on that value.
Source
لقاء مفتوح 07-09-1435هـ — alfawzan.live (13:26)
The Arabic text is a machine transcription of the audio recording.