Alternatives to interest : are dividends forbidden like interest ?
Fatawa Question
I have bought company shares after saving for 3 years. I receive dividends but I have not sold them yet. Q 1. Are dividends Haram as interest is on savings ? Q 2. Do I need to pay Zakah on unsold shares ? Q 3. Even though I have no physical money in hand during contributing towards the share option scheme, when do I pay Zakah, once a year or at the end of 3 years when the shares mature ?
Fatwa
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Publication Date
2002-03-11
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-726704
American Psychological Association (APA)
Qahf, Mundhir. 2002-03-11. Alternatives to interest : are dividends forbidden like interest ?. .
https://search.emarefa.net/detail/BIM-726704
Modern Language Association (MLA)
Qahf, Mundhir. Alternatives to interest : are dividends forbidden like interest ?. 2002-03-11.
https://search.emarefa.net/detail/BIM-726704
American Medical Association (AMA)
Qahf, Mundhir. 2002-03-11. Alternatives to interest : are dividends forbidden like interest ?.
https://search.emarefa.net/detail/BIM-726704
