Question
Must a person who owns shares pay Zakaat on the shares?
Answer
Zakaat is paid on Zakaat assets which are gold, silver, cash and merchandise. Company shares are not Zakaat assets, hence Zakaat is not payable thereon.
Download issue PDF EPUB
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 28 No 08
- PDF page
- 4
Verbatim verified against the source PDF
Appears under SHARES ARE HARAAM. This heading is the nearest headline at or before the page and is approximate. Do not cite it alone.