The Ruling on the Zakah of Shares Designated for Investment
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. If a person has shares, for example, in an electricity company, and he has not intended to sell and trade them, but rather takes their profits every year, how does he pay zakah? Does he pay zakah on the value of the shares and the profits, or on the profits only? The shares were not intended for sale; they were intended for investment only. They are fixed shares, fixed shares, intended for sale.
Answer:
He pays zakah on the yield only. Yes. If it is a regular practice of buying and selling, and they are permissible shares, he pays zakah on them and on their value. In other words, he appraises them at their worth, adds the yield to that, and pays zakah on the whole: the appraised value together with the yield. Yes.
He says: Honorable Shaykh, may Allah grant you success. If a person has shares, for example, in an electricity company, and he has not intended to sell and trade them, but rather takes their profits every year, how does he pay zakah? Does he pay zakah on the value of the shares and the profits, or on the profits only? The shares were not intended for sale; they were intended for investment only. They are fixed shares, fixed shares, intended for sale.
Answer:
He pays zakah on the yield only. Yes. If it is a regular practice of buying and selling, and they are permissible shares, he pays zakah on them and on their value. In other words, he appraises them at their worth, adds the yield to that, and pays zakah on the whole: the appraised value together with the yield. Yes.
Source
الزكاة على الأسهم غير المعدة للبيع والشراء — alfawzan.live
The Arabic text is a machine transcription of the audio recording.