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The question

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?

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

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.

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Ftawy
Original fatwa ID
80284
Imported
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Source text, unreviewed
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