Darul Iftaa Mahmudiyyah

Is Zakaat payable on shares owned on the JSE?

· 17 Ramadan 1434 AH1 min readFatwa 26277English

Question

Is zakaat payable on shares owned on the JSE?

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Zakaat is payable on ones Shari’ah compliant shares in the JSE according to the value the day Zakaat is calculated.

And Allah Knows Best,

Mufti Ebrahim Desai.

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/26277
Fatawa SA: https://fatawa.co.za/fatwa/askimam-26277

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