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The question

Is zakat obligatory on the profits of shares purchased for an Islamic bank?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

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.

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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.
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Read the full answer on Ftawy