Is zakat obligatory on the profits of shares purchased for an Islamic bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatory on shares if they are trade goods or were purchased with the intention of reselling them. In this case, zakat is due on their principal value and their profits. However, if the purpose of the shares is to benefit from their income rather than selling them when their price rises, and their activity is not in trade goods, then zakat is not obligatory on those shares. Rather, it becomes obligatory on their yield if it reaches the (minimum threshold) and a hawl (full lunar year) has passed over it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/117488
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 117488
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy