Question
Must a person who owns shares pay Zakaat on the shares?
Answer
Zakaat is paid on Zakaat assets which are gold, silver, cash and merchandise. Company shares are not Zakaat assets, hence Zakaat is not payable thereon.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 28 No 08
- PDF page
- 4
Appears under SHARES ARE HARAAM (approximate).