Mufti Online — Madrasah Ta'leemuddeen

Zakaat on investments

· 16 Shaʻban 1439 AH1 min readEnglish

Question

I have invested 200000(2lacs) in gold business last year August 2017. The profit of which is expected to come in December 2018 of amount 1.2lac.

1. Which amount I shall consider for zakat, the invested amount or the profit or both?

2. There is some amount I have invested in the business for which I get monthly profit. So in that case also which amount shall be considered for zakat, investment amount or the monthly profit.

Answer

Both the gold amount that you own and the cash that you own.

As above.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/25659
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-25659

People also ask

Is zakaat payable on shares and investments?

“Yes, it is permissible to give such type of stock as part of Zakaat dispersment. The current market value of the redundant stock – i.e.”

Azaadville · 87 fatawa from 6 Darul Iftas on this

What the Darul Iftas say

Related fatawa