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

A:

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

Original Source Link

This answer was collected from DarulIhsan.com. It’s the official website of Darul Ihsan, which is an Islamic organisation (PBO) based in Durban, South Africa.

Tags: Zakaat

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