Zakaat on unit trust investments

Answered by 

Shaykh Ebrahim Salejee

Q: When paying zakaat on unit trusts investments, does one pay on the original amount invested or the current value?

Bismillaah

A: After studying the current balance sheet, one will pay on his proportionate amount of the current zakaatable assets in the company.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)


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This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

Tags: investment, study, Zakaat

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