The real estate not offered for sale


A: You have to ask the company that has your shares whether it pays full Zakah on them or not. If the company pays Zakah as it is authorized by shareholders to do so, the shareholders are discharged of responsibility. If the company pays only part of the Zakah, then the shareholder is bound to pay what remains. If the company does not pay any Zakah on the shares, then the shareholder must pay full Zakah on his shares.You should take into consideration that Zakah is due on the shares that are allocated for trading and are offered for sale. However, fixed shares that are not offered for sale and are just for investment, Zakah is due on their revenues if they reach the Nisab (the minimum amount on which Zakah is due) by themselves or when added to other properties and a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due) passes while they are in the possession of their owner.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.


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