Is Zakat obligatory on shares of Al Rajhi Banking and Investment Company if a year has not passed on them?

A Muslim must ensure that their dealings are in accordance with Islamic law. Therefore, it is not permissible for them to invest in a company whose transactions are forbidden by Sharia (definition). Zakat (definition) on shares is detailed as follows:

1. Shares for Income Generation (Not for Trading): If the purpose is to benefit from the annual income, then Zakat is due only on the income after a full year (hawl) has passed, and its amount is a quarter of a tenth (2.5%). There is no Zakat on the share's principal if the company's assets are fixed (such as real estate and factories). However, if they are trade goods, then Zakat is due on the capital and profit. 2. Trading Shares: If the shares are intended for trading, they are subject to Zakat as trade goods. The shares are valued at their market price when the hawl is completed, and a quarter of a tenth (2.5%) is given from that value and from the profit, if any. If the company undertakes to pay the Zakat, it acts on behalf of the owners. 3. Selling Shares During the Hawl: If shares are sold during the hawl, their price is added to the seller's wealth, and Zakat is paid on it along with their other wealth when their hawl is due. As for the buyer, they pay Zakat on the shares in the manner described above.