FatwaSelangorZakat
Hukum Zakat Perlaburan Saham
What is the ruling on zakat for shares invested in the capital market?
Short answer
Zakat on shares invested in the capital market is treated the same as zakat on trade goods, whether the shares are held for trading or for keeping.
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
Zakat on shares invested in the capital market is treated the same as zakat on trade goods, whether the shares are held for trading or for keeping. Zakat is due only when the conditions are met: 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. The rate is 2.5 percent of the market value at the end of the haul, plus profits realised during the year for traded shares.
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 ada tujuan pelaburan saham itu adalah untuk diniagakan (jualbeli) atau untuk disimpan.
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 Perlaburan Saham”, date not stated. https://www.muftiselangor.gov.my/2023/10/28/hukum-zakat-perlaburan-saham/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/zakat-on-share-investment-ruling/