Zakah on shares, stock, options and bonds : Zakah on promoter holding
Fatawa Question
Asalamualikum : My question is regarding Zakah. In case of person who holds promoter stake in a publically listed company ,what is the ruling of Zakah. Eg a person who is promoter of company holds 40 % stake in that company. The market capitalization of the company is say USD 500 million. That means the value of the promoters stake is USD 200 million. He does not trade in these shares and neither intends to sell this stake. He is getting yearly dividend on this holding . Is Zakah payable only on the dividend income in his case ? Wasalam
Fatwa
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Publication Date
2007-09-16
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-786706
American Psychological Association (APA)
Qahf, Mundhir. 2007-09-16. Zakah on shares, stock, options and bonds : Zakah on promoter holding. .
https://search.emarefa.net/detail/BIM-786706
Modern Language Association (MLA)
Qahf, Mundhir. Zakah on shares, stock, options and bonds : Zakah on promoter holding. 2007-09-16.
https://search.emarefa.net/detail/BIM-786706
American Medical Association (AMA)
Qahf, Mundhir. 2007-09-16. Zakah on shares, stock, options and bonds : Zakah on promoter holding.
https://search.emarefa.net/detail/BIM-786706
