What is the amount of zakat due on 600 shares of the Industrial Company, valued at 10,000 Saudi Riyals, on which a year and a half has passed?
is obligatory on company shares, and the method of calculating it varies depending on the type of company's assets and the shareholder's intention:
- If the shares represent fixed assets (equipment, buildings), Zakat is obligatory only on the revenue (profits) if a hawl (one lunar year) has passed on it and it has reached the . Fixed assets are not subject to Zakat. - If the shares represent trade goods (commodities for buying and selling), Zakat is obligatory on the market value of the share along with the profits at the end of the Zakat year. - If the shareholder intends to trade in shares (buying and selling), Zakat is obligatory on their annual market value along with any profits generated from them.
The amount of Zakat due in all cases is 2.5%. It is advisable to consult the Zakat Fund in Qatar to submit company balance sheets and determine the proportion of fixed assets.
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