FatwaPenangZakat
ZAKAT PERNIAGAAN BAGI PELABURAN DALAM AMANAH SAHAM NASIONAL
Is zakat on trade payable on investments in Amanah Saham Nasional (ASN)?
Short answer
Zakat on trade is obligatory once the haul (one-year period) and nisab (minimum threshold) are met, whether the business is run individually or as a partnership.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Date
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Negeri Pulau Pinang (e-Fatwa)
- Topic
- Zakat
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Zakat on trade is obligatory once the haul (one-year period) and nisab (minimum threshold) are met, whether the business is run individually or as a partnership. ASN is regarded as a business company and its contributors as its members. If ASN does not pay zakat itself, contributors must pay 2.5 percent of their capital and profit once haul and nisab are met, with the nisab set at 85 gm of gold at current market value. Payment is made to the government-appointed amil, namely the State Islamic Religious Council where the contributor resides.
Written in our own words from the original fatwa — check the source before acting on it.
Zakat perniagaan diwajibkan apabila cukup haul dan nisab, sama ada perniagaan itu secara bersendirian atau bersyarikat.
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “ZAKAT PERNIAGAAN BAGI PELABURAN DALAM AMANAH SAHAM NASIONAL”, 21 September 1983. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=1044. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/zakat-trade-investment-amanah-saham-nasional/