How is zakaat calculated on business stock?

“Yes, it is permissible to give such type of stock as part of Zakaat dispersment. The current market value of the redundant stock – i.e.”

“Before discussing the ruling on paying Zakat on RSP, RRSP's and stocks, the reader should note that there is a difference of opinion regarding the permissibility of investing in stocks.”

“One will pay zakaat on the market value of the stock of trade. Market value refers to the price that the consumer (i.e. the public) generally pays to obtain the item regardless of whether one purchased it for a higher price or lower price and regardless of whether one is selling it for a higher price or lower price.”

“In the case were the person is purchasing stock to discharge his Zakaat, it is emphasized that the stock be sold to him at current market value to minimize the possibility of abuse. His Zakaat will be discharged according to the price he paid for the stock.”