Q: How do I pay zakaat on shares of my company in the JSE. Some are in property, some in merchandise stores like Shoprite, some in gas and oil. The shares are worth a lot but dividends are less.
A: Zakaat is only compulsory on your proportionate share of the zakaatable assets, such as the cash and commodities of sale in the particular company. This can be verified by studying the balance sheet of the company.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)