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The question

How is the zakat on shares for a commercial and real estate company, with a contract duration of two years, to be paid if the contract stipulates that the shareholder is responsible for paying the zakat?

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

on shares is obligatory for their owner, and it has two situations:

1. Intention to benefit from their yield (real estate shares): Zakat is obligatory on the profit if it reaches the and a hawl (full lunar year) has passed since its receipt. There is no zakat on the principal of the share itself. 2. Intention to trade with them (commercial shares): They are subject to zakat as trade goods. They are valued at the end of the hawl, and a quarter of one-tenth (2.5%) of their value is paid.

Shareholders pay zakat for each year.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
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Ftawy
Original fatwa ID
50395
Imported
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