Zakat Expert

Q: Do all shareholders have to pay Zakat?

A: In terms of Zakat, there are two types of shareholder:

1) The person who buys shares as an investment and wants to attain dividends – this type of shareholder pays Zakat on the percentage of Zakatable assets on the balance sheet – NOT the entire market value of the shares

2) The person who buys shares to sell – i.e. trading stock. This type of shareholder must pay Zakat on the market value

And Allah knows best!

Mufti Faraz Adam

Helping you bring Zakat
to life where you live.

 

GIVE ZAKAT APPLY FOR HELP