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The question

How is the zakat calculated and paid for a sum of money designated for speculation in pure stocks, especially since this amount has changed over previous years, given that the questioner was not previously aware of the obligation of zakat upon it?

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

You must pay on your wealth for past years if it reached the and a full year has passed. The nisab is equivalent to 85 grams of gold or 595 grams of silver. You can determine the number of shares and their value by reviewing your account statement. You should pay 2.5% of the principal and profits. If you are unable to determine the exact amount, then exert your best effort and strive to ascertain what you believe to be most likely correct, so as to clear your liability. This applies if the shares are for trading. However, if they are fixed assets intended for benefiting from their income, then Zakat is only due on the profits.

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
156814
Imported
Translation status
Source text, unreviewed
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