-
Shares On Zakat — Follow Up Questions
In your answer, you said “share is not means of production but the money invested’.
Money invested in what? Share itself is nothing, share is documentary evidence of ownership in means of production. So that money (shares) should be exempt and its profits should be liable to zakat only. That is my confusion please elaborate further.
-
1 Reply
-
Shares On Zakat — Follow Up Questions
updated 7 months ago
2 Members
·
1
Reply
-
Share is your participation in a pool of investments. Your share is your invested money. It is consumed, and then it is regenerated through profit. On the other hand, means of production like land, tools, etc., are not consumed, they produce. Therefore, investment is not considered a means of production but means of productions are bought with it.
Sponsor Ask Ghamidi
Please sponsor Ask Ghamidi so that we can continue to provide and improve this community platform.
In the last 1882 days, 8,969 registered users have posted 65,079 messages under 18,884 unique topics on Ask Ghamidi.
