Zakat on shares

Fatwa ID: 02264

Answered by Ustadha Umm Abdullah

Question:

How the zakat on shares is calculated

Answer:

Bismillah

A share is a token of ownership in a company, if a person has invested his money in a business and thus become the owner of a proportionate share in the business, then he will have to pay Zakat on the market value of that share. (Simplified Rules of Zakat, p. 14-16)

Only Allah Ta’ala knows best

Ustadha Umm Abdullah

Checked and Approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham

Comments are closed.