The zakah on money invested in a fund that has lost most of its value
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. The questioner says: I invested in one of the investment funds at one of the banks. Yes. He says: I invested in one of the investment funds at one of the banks with an amount of eight thousand riyals six years ago. During the six years, I lost the amount until it reached two thousand. Until? Until it reached two thousand riyals. His question is: What is the amount of the obligatory zakah? Do I pay the zakah on the eight thousand over the six years, or do I pay it on what remains, which is the two thousand?
Answer:
Before the loss, you pay zakah on the full amount, and after the loss, you pay zakah on the remainder. Yes.
He says: Honorable Shaykh, may Allah grant you success. The questioner says: I invested in one of the investment funds at one of the banks. Yes. He says: I invested in one of the investment funds at one of the banks with an amount of eight thousand riyals six years ago. During the six years, I lost the amount until it reached two thousand. Until? Until it reached two thousand riyals. His question is: What is the amount of the obligatory zakah? Do I pay the zakah on the eight thousand over the six years, or do I pay it on what remains, which is the two thousand?
Answer:
Before the loss, you pay zakah on the full amount, and after the loss, you pay zakah on the remainder. Yes.
Source
شرح كتاب المنتقى من أخبار المصطفى صلى الله عليه وسلم، بداية من باب أول وقت العصر وآخره في الاختيار والضرورة — islamhouse.com (1:01:09)
The Arabic text is a machine transcription of the audio recording.