Zakah on Shares
Machine translationRead the Arabic original
Question:
He says: My question concerns, Shaykh, the zakah on shares. These shares that we trade in, Honorable Shaykh, is there zakah due on them?
Answer:
Shares are of two types. There are shares fixed in projects, for example agriculture, electricity, water, or otherwise. One pays zakah on what is obtained from them, that is, what is obtained from their yield. The second type is shares held for sale; their ruling is the ruling of merchandise. If a year has passed over them, one appraises them at their value and pays zakah by giving one-tenth of their appraised value. If he sells them, he pays zakah on their value by giving one-tenth of it if he sells them after the year has passed. Yes.
The presenter:
May Allah reward you.
He says: My question concerns, Shaykh, the zakah on shares. These shares that we trade in, Honorable Shaykh, is there zakah due on them?
Answer:
Shares are of two types. There are shares fixed in projects, for example agriculture, electricity, water, or otherwise. One pays zakah on what is obtained from them, that is, what is obtained from their yield. The second type is shares held for sale; their ruling is the ruling of merchandise. If a year has passed over them, one appraises them at their value and pays zakah by giving one-tenth of their appraised value. If he sells them, he pays zakah on their value by giving one-tenth of it if he sells them after the year has passed. Yes.
The presenter:
May Allah reward you.
Source
نور على الدرب - الفوزان - 03/023 — archive.org (9:39)
The Arabic text is a machine transcription of the audio recording.