Zakah on the profits of a mudarabah in the stock market
Machine translationRead the Arabic original
Question:
The questioner says: Honorable Shaykh, I engage in mudarabah (a profit-sharing partnership) in the stock market by buying and selling, and I make profits on these stocks. Is there zakah (the obligatory alms) due on these profits?
Answer:
Whatever is prepared for sale, buying, and trade, such as shares and other items, is subject to zakah. Shares become merchandise when they are prepared for sale and trade, and in that case, they are merchandise subject to the ruling of trade goods. Yes.
The questioner says: Honorable Shaykh, I engage in mudarabah (a profit-sharing partnership) in the stock market by buying and selling, and I make profits on these stocks. Is there zakah (the obligatory alms) due on these profits?
Answer:
Whatever is prepared for sale, buying, and trade, such as shares and other items, is subject to zakah. Shares become merchandise when they are prepared for sale and trade, and in that case, they are merchandise subject to the ruling of trade goods. Yes.
Source
نور على الدرب - الفوزان - 03/236 — archive.org (7:50)
The Arabic text is a machine transcription of the audio recording.