Zakah on shares and stocks : Zakah on Shares

Fatawa Question

Asalamu Alaykum Wa Rahmatullahi Wa Barakatuh My query is regarding payment fo Zakahh in the following case: Is the promoters shareholding in a company deemed as part of Nisab? Suppose the promoter (s) of a company hold say 40 % shares in company which is listed on a stock exchange. Generally the promoters of the company have a long term investment in the company. These shares are generally not traded and do not seem to be like stock in trade. My question is whether Zakah needs to be paid on these shares or only on the dividends received, if any ? Wasalam

Fatwa

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Publication Date

2006-10-20

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-792353

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