Is Zakaat payable on unit trusts and if so at current value or value when purchased?

Answered according to Hanafi Fiqh by Darulihsan.com

A:

Is Zakaat payable on unit trusts and if so at current value or value when purchased?

Zakaat is payable on the current market value of unit trusts.

 

Mufti Shafiq Jakhura
Iftaa Department, Darul Ihsan Islamic Services Centre
 
I concur with the answer:
Mufti Zubair Bayat

Ameer, Darul Ihsan Islamic Services Centre
 

 

 

 

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