Zakah on Shares in an Electricity Company
Machine translationRead the Arabic original
The questioner:
I say: Honorable Shaykh, may Allah grant you success. If a person has shares in an electricity company and he does not intend to sell and trade them, but rather only 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 Shaykh:
As for shares that one does not intend to sell, but intends only for investment, and they are fixed shares, not intended for sale, he pays zakah on their yield only. Yes.
The questioner:
And if they are prepared for sale and trade.
The Shaykh:
If they are prepared for sale and trade, and they are permissible shares, he pays zakah on them and on their value. That is, he appraises them at their worth, adds the yield to that, and pays zakah on the total estimated value along with the yield. Yes.
I say: Honorable Shaykh, may Allah grant you success. If a person has shares in an electricity company and he does not intend to sell and trade them, but rather only 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 Shaykh:
As for shares that one does not intend to sell, but intends only for investment, and they are fixed shares, not intended for sale, he pays zakah on their yield only. Yes.
The questioner:
And if they are prepared for sale and trade.
The Shaykh:
If they are prepared for sale and trade, and they are permissible shares, he pays zakah on them and on their value. That is, he appraises them at their worth, adds the yield to that, and pays zakah on the total estimated value along with the yield. Yes.
Source
الفوزان -أشرطة- شرح زاد المستقنع مع الأسئلة - 100-تكملة كتاب الأيمان - 17-3-26 هـ — archive.org (1:04:23)
The Arabic text is a machine transcription of the audio recording.