Fatwa ID: 02264
Answered by Ustadha Umm Abdullah
Question:
How the zakat on shares is calculated
Answer:
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