| Source: | http://qa.muftisays.com/?9242 |
| Question ID: | #9242 |
| Question: Zakat on Zakatable Portion of Company? | |
| If someone owns 50 shares at 1,000$ and they are investing for long term growth and to live on a small percent of the sale 3% (including dividend being about 1%) then is Zakat due on the Zakatable assets of the companies he is investing in or entire current value.
Zakatable Assets = 50% Would option one be ok to calculate Zakat as I have heard from some scholars about this method but would like to check. 1) 50,000$ * 0.5 * 0.025 2) 50,000$ * 0.025 |
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| Answered by: | Ulamaa ID 04 (London) |
| Date: | 28/01/2024 20:54pm |
بسم الله الرحمن الرحيم
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| Mufti Qamruzzaman London, UK |
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