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The question

What is the ruling on the shares of the telecommunications company that I bought years ago, and how should I deal with them as zakat if they are permissible, or dispose of them if they are unlawful?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is permissible to purchase shares in a telecommunications company if it does not engage in forbidden activities or invest in an interest-bearing bank. The shares are subject to zakat by combining them with cash and trade goods if they reach the minimum threshold (nisab) and a full year (hawl) has passed. However, if the company engages in forbidden activities or invests in usury, it is not permissible to purchase its shares. The contract must be rescinded if possible; otherwise, you should retain them and dispose of the illicit profits by spending them on charitable causes.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
90012
Imported
Translation status
Source text, unreviewed
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