Are shares subject to zakah?

The questioner : Okay; shares - O Shaykh - are they subject to zakah?

The Shaykh : ... that you have stored wealth that has reached the nisab, and you add to this nisab what you have received from the shares; so whenever the lunar year (hawl) passes over this nisab, even if the addition comes at the end of the year, it is obligatory to pay zakah on the total amount of wealth you have. However, if you do not have a nisab and you receive, let us say, one thousand dinars, and you put them in the box, there is no zakah on them until - as we said - the lunar year passes over them.

The questioner : But the original wealth is not subject to it.
...

The Shaykh : Because this has been converted into trade goods.

Another questioner :

Another questioner : Okay - my master -; it is not like merchandise; I have merchandise, I am a merchant and I have merchandise.

The Shaykh : May Allah reward you, I - please pay attention - to what I am saying.

Another questioner : Please, my master.

The Shaykh : I told you: they have been converted into trade goods. The shares were wealth, and they were converted into commercial matters; so trade goods - meaning what I am saying - are not subject to zakah, contrary to what people think.

Another questioner : Yes.