Zakah on Shares
Machine translationRead the Arabic original
The questioner:
She says: The shares are only for the person, so he needs electricity. If he did not return them for sale and trade, but rather he attends to their crops every year, how does he pay zakah? Does he pay zakah on the value of the shares and the crops, or on the crops of the person?
The Shaykh:
If the shares were not intended for sale, but only for investment, and they are fixed shares not intended for sale, then he pays zakah on their yield only. Yes.
The questioner:
It is a management formula for sale and trade.
The Shaykh:
If they are prepared for sale and trade, and they are permissible shares, then he pays zakah on them and on their value. This means he appraises them at what they are worth, adds the yield to that, and pays zakah on the total estimated value along with the yield. Yes.
She says: The shares are only for the person, so he needs electricity. If he did not return them for sale and trade, but rather he attends to their crops every year, how does he pay zakah? Does he pay zakah on the value of the shares and the crops, or on the crops of the person?
The Shaykh:
If the shares were not intended for sale, but only for investment, and they are fixed shares not intended for sale, then he pays zakah on their yield only. Yes.
The questioner:
It is a management formula for sale and trade.
The Shaykh:
If they are prepared for sale and trade, and they are permissible shares, then he pays zakah on them and on their value. This means he appraises them at what they are worth, adds the yield to that, and pays zakah on the total estimated value along with the yield. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 113 من 123 / شرح كتاب زاد المستقنع / الأيمان/جامع الأيمان/صالح الفوزان/الفقه/كبار العلماء — youtube.com (56:55)
The Arabic text is a machine transcription of the audio recording.