Do I pay Zakah on an investment from which I get no return, but whose value rises ?
Fatawa Question
Do I pay Zakah on an investment from which I get no return, but whose value rises ? I had about £ 51,300 on which I paid Zakah this year which left me with about £ 50,000. I then invested that £ 50,000 into a company. So now I own 5 % percentage of that company. I am not getting any return from the company yet, but the value of the company is going up, therefore the value of my 5 % will also go up. Am I supposed to pay 2.5 % based on the value of my 5 % each year even though I won’t get to see that money until the 10 years are up ?
Fatwa
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Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2011-09-20
Country of Publication
United Kingdom
Main Subjects
Economics & Business Administration
Religion
Law
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-727361
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2011-09-20. Do I pay Zakah on an investment from which I get no return, but whose value rises ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727361
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). Do I pay Zakah on an investment from which I get no return, but whose value rises ?. Manchester England : al-Qalam Shariah Scholar Panel. 2011-09-20.
https://search.emarefa.net/detail/BIM-727361
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2011-09-20. Do I pay Zakah on an investment from which I get no return, but whose value rises ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727361
