Do I have to pay Zakah on shares held for me by a nominee ?
Fatawa Question
Do I have to pay Zakah on shares held for me by a nominee on trust ? For e.g. I purchase shares in my own name via TD Waterhouse who hold legal title on a nominee basis. This means they are shown on the company register as the legal owners of the shares. However they are holding them on trust on my behalf, and are obliged to do with them as I instruct.
Fatwa
Click hereto view more
Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2007-11-27
Country of Publication
United Kingdom
Main Subjects
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-727394
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2007-11-27. Do I have to pay Zakah on shares held for me by a nominee ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727394
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). Do I have to pay Zakah on shares held for me by a nominee ?. Manchester England : al-Qalam Shariah Scholar Panel. 2007-11-27.
https://search.emarefa.net/detail/BIM-727394
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2007-11-27. Do I have to pay Zakah on shares held for me by a nominee ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727394
