Zakaat on shares in a company
Question
A person purchased shares in a company. Does he calculate Zakaat on the amount at which he purchased the share, or the current value?
Answer
The current market value of the share will be taken into consideration when calculating Zakaat.
References (Arabic / Urdu sources)
ولو ازدادت قيمتها قبل الحول تعتبر قيمتها وقت الوجوب بالاجماع ( الفتاوي التاتارخانية ص170 ج3)
- Answered by
- Mufti Mohammed Desai
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