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Zakat on shares

Answered as per Hanafi Fiqh by DarulIftaBirmingham

Answered by Ustadha Umm Abdullah

Question:

How the zakat on shares is calculated

Answer:

Bismillah

A share is a token of ownership in a company, if a person has invested his money in a business and thus become the owner of a proportionate share in the business, then he will have to pay Zakat on the market value of that share. (Simplified Rules of Zakat, p. 14-16)

Only Allah Ta’ala knows best

Ustadha Umm Abdullah

Checked and Approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham

This answer was collected from DarulIftaBirmingham.co.uk, which is run under the supervision of Mufti Mohammed Tosir Miah from the United Kingdom.

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