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Is It Wrong To Calculate Zakat On Shares @ 2.5%?
Why in zakat calculator there is zakat on investment in shares @ 2.5%? Since ‘means on production ’ is exempt from zakat so when a person buys a share he is basically making an investment in ‘means of production’. Zakat should be calculated only when dividend is paid to shareholder at the rate of 10%. Clarity required?
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5 Replies
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Is It Wrong To Calculate Zakat On Shares @ 2.5%?
updated 1 week ago
3 Members
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5
Replies
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Share is not a means of production but the money invested. Means of production are land, machine and tools. On investment the rate of zakat is 2.5 percent.
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Please refer to the following response by Ghamidi Sahab from 1:16:39 to 1:18:12
https://www.youtube.com/live/apcKbzBbQow?si=tIGyqeFPN-AgDk9C&t=4599
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Please also refer to the video below from 27:15 to 28:43
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Follow-up questions can be posted in the same thread. There is no need to create a new thread for a follow-up question related to previously asked question.
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Thanks for the references. Very helpful. So basically nature of business will determine the ratio of zakat on shares.
Sorry for inconvenience caused by making new threads. I am new here.
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