FatwaSelangorZakat
Hukum Zakat Pelaburan Saham
What is the ruling on zakat for share investments?
Short answer
Shares invested in the capital market are subject to zakat in the same way as trade goods, whether they are bought for trading or held.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Selangor State Mufti Department
- Status
- Gazetted
- Series
- Keputusan Fatwa Diwartakan
- Topic
- Zakat
Gazette evidence in the source: Sel. P.U. 19
Summary
Shares invested in the capital market are subject to zakat in the same way as trade goods, whether they are bought for trading or held. The conditions are that the owner is Muslim, ownership is complete, the owner is a specific party, the nisab is reached, a full year (haul) has passed and the wealth is lawful. Zakat is not due on shares funded from unlawful sources or invested in companies whose activities contravene Islamic law. Zakat is calculated at the prescribed rate on the share value at the end of the haul, and for traded shares the profit realised during the year is added to that amount.
Written in our own words from the original fatwa — check the source before acting on it.
Hukum zakat ke atas saham yang dilaburkan di pasaran modal adalah sama seperti zakat barang perniagaan (Arudh at-Tijarah), tidak kira sama
Read the full fatwa on the Selangor website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Selangor State Mufti Department. “Hukum Zakat Pelaburan Saham”, date not stated. https://www.muftiselangor.gov.my/2023/10/28/hukum-zakat-pelaburan-saham/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-zakat-share-investments/