Fatwas and legal rulings

Views17 | Date of publication09/14/2022

Controls of zakat on shares in exchange companies and zakat on fixed assets

Zakat on money is obligatory on the liquid money circulating in the market and the profits generated from it, and so on. What belongs to the questioner from these funds, profits and other activities, and one year has passed, then he owes 2.5% of it after his family and personal expenses and obligations. As for fixed assets; Such as buildings, fixtures, furniture and means of transport belonging to this company, there is no zakat on them. Thus, the answer to the question is known. only God knows.