Is it permissible to speculate in pure stocks using paid programs? And how is the Zakat calculated for different types of funds (in investment portfolios, current accounts, and savings accounts), and when does the Islamic year for Zakat calculation begin, and to whom is it given?

For Mudarabah (partnership financing) in stocks to be permissible, the company's activities must be lawful, and the company must not deposit its shareholders' money in usurious banks and add their interest to the profits. As for paid programs, their status has not been clarified to rule on them.

Zakat is obligatory on money that has completed a full year (hawl) and reached the nisab (minimum threshold), at a rate of 2.5%. This includes stock profits and savings. Stocks are valued on the day the hawl is completed.

It is permissible to prepay zakat for money that has not completed its hawl (such as salary and gifts) and combine it with money that has completed its hawl. The hawl is calculated from the moment one acquires the nisab. The legitimate recipients of zakat are those mentioned in Surah At-Tawbah, verse 60, and it is permissible to authorize trusted charitable organizations to distribute it.