{"id":10964,"date":"2019-03-05T17:50:48","date_gmt":"2019-03-05T17:50:48","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=10964"},"modified":"2020-06-28T11:02:39","modified_gmt":"2020-06-28T11:02:39","slug":"zakah-on-equity","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/zakah-on-equity\/","title":{"rendered":"Zakah on Equity"},"content":{"rendered":"<p style=\"text-align: right;\">\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><strong>Fatwa ID: 02721<\/strong><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><strong>Answered by:&nbsp;Moulana Tahsin Alam <\/strong><strong> <\/strong><strong> <strong> <\/strong><strong> <\/strong><strong> <\/strong> <\/strong><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><u><strong>Question:<\/strong><\/u><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">My question is regarding the zakat on equity. I had received preferential equity shares from my former employer. It was issued as a free gift in the year 2011. The company got listed on the stock market in March 2017. The lock-in period allotted by the company for selling the shares was unlocked on 23rd March 2018. Hence I was able to sell a part quantity of it for buying a house. Around 40% of the equity is lying in the Demat form which I intend to keep for the long term. My question is on the applicability of zakat on it. During the locking period, no transaction was allowed with equity. It&#39;s only that case, I have not completed a lunar calendar cycle. Please guide me over the applicability of Zakah on it.<\/span><\/span>\n<\/p>\n<p align=\"center\">\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><strong>\u0628\u0650\u0633\u0652\u0645\u0650 \u0627\u0644\u0644\u0647\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0652\u0645\u0646\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0650\u064a\u0652\u0645<\/strong><\/span><\/span>\n<\/p>\n<p align=\"center\">\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><strong><u>In the name of Allah, the Most Gracious, the Most Merciful.<\/u><\/strong><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><strong><u>Answer:<\/u><\/strong><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Assalamu Alaikum Wa Rahmatullahi Wa Barakaatuh,<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><i>Zak\u0101h<\/i> is liable on assets which have been in your possession, with the intention of trade, for one lunar year. This time will begin from when you have absolute complete possession of the item<a href=\"#_ftn1\" name=\"_ftnref1\" title=\"\"><sup><sup>[1]<\/sup><\/sup><\/a>, in your case the 23<sup>rd<\/sup> of March 2018.<\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Only Allah knows best<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Written by Moulana Tahsin Alam<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Checked and approved by Mufti Mohammed Tosir Miah<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Darul Ifta Birmingham<\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<hr align=\"left\" size=\"1\" width=\"33%\" \/>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><a href=\"#_ftnref1\" name=\"_ftn1\" title=\"\"><sup><sup>[1]<\/sup><\/sup><\/a>Im\u0101m al-K\u0101s\u0101n\u012b, <i>Bad\u0101i\u02bf al-\u1e62an\u0101i\u02bf<\/i> (Cairo: DarulHad\u012bth, 2005), volume 2 pg. 398.<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">\u200b<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fatwa ID: 02721 Answered by:&nbsp;Moulana Tahsin Alam Question: My question is regarding the zakat on equity. I had received preferential equity shares from my former&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/10964"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=10964"}],"version-history":[{"count":2,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/10964\/revisions"}],"predecessor-version":[{"id":15928,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/10964\/revisions\/15928"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=10964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=10964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=10964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}