Is zakat obligatory upon selling shares if their prices have deteriorated after the economic blockade and debts have accumulated due to irregular salaries, knowing that the shares were bought for the purpose of investment and debt repayment?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The losses incurred by stock prices and waiting for them to rise do not affect the obligation of upon the completion of the hawl (one lunar year) and the reaching of the (minimum threshold), and this is the preferred opinion. Imam Malik differed on this point. Debt does not prevent zakat if the person possesses other non-zakat-eligible wealth that is in excess of their needs. Otherwise, the amount of the debt is deducted from the wealth subject to zakat upon the completion of the hawl, and the remainder is zakat-eligible if it reaches the nisab.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/80284
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 80284
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy