Back to search
The question

Is zakat obligatory on a sum of 130,000 Riyals that was invested in shares for one year and incurred a loss, and what is the amount of zakat due on it?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Some shares are subject to Zakat on their value and profit if they were bought with the intention of trade, or if the company's activity is based on buying and selling. In this case, they are assessed at the completion of a year, and a quarter of a tenth (2.5%) of the total wealth (principal and profit) is given as Zakat. As for shares on whose value Zakat is not obligatory, Zakat is due on their income if it reaches the nisab and a year has passed over it, by combining it with other wealth, and a quarter of a tenth is given from it.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
123925
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy