Simplified Zakat Guidance: Shares and Stocks | Dr. Mufti Abdur-Rahman ibn Yusuf

[@yusuf.alajnabi]

Financial advice from someone who makes sense finally I have found someone who makes sense. May Allah reward you brother

[@ZamZamAcademy]

Ameen

[@smmantra2030]

Summary of video Short term trading: 2.5% Long term investment: 1%

[@sahalem21]

Thanks 😊

[@Nadimkkhan]

Market value or invested value?

[@smmantra2030]

@@Nadimkkhan Market Value

[@sirajudheench2445]

​@@NadimkkhanMarket value irrespective of you are in loss or profit

[@zaheedislam]

MashAllah very helpful, you have simplified something we have struggled to get a clear answer for a long time. May Allah accept all our zakat.

[@ilmstudent]

Came here to learn about Zakat, leaving with a deeper understanding of fractions. LOL Jazak Allah Hu Khair

[@missilemahmood]

So much simplified. Jazakallah my beloved Sheikh.

[@futurezout]

Ma sha ALLah, one of the best and clear description to do the zakat calculation.

[@kashifahmad93]

I was so worried on calculating the zakat on my equity and MF investments, finally got something easy to do that. Thanks a lot ❤

[@williamjones1850]

Wow! Masha-Allah, I have been struggling with this for a long time and I have over paid for the last 15 years. You have really simplified it. Thank you so much!!!!!

[@fatougueye1572]

Thank you so much!

[@afserali3246]

Masha Allah you are doing good job

[@mukiahumarketing9887]

Mashallah very clear ya Sheik. JZK!

[@usmanullah332]

Just what I was looking for many thanks for this!

[@ibraheemali9541]

7:10 alternatively you can divide the total amount for long term investment by 100 to get 1 %

[@AKFinfiniti]

JazakALLAH Sheikh! This is really really helpful! Thank you so much for this fatwa 🌹

[@samali6021]

Thank you Sir.

[@MdMainulHassan]

Mashallah, very helpful guide. Jajak Allah khair.

[@SuperMak28]

Amazing, clearly explained. Thanks

[@MunamYousuf]

Mashallah made it very simple.

[@AadilN]

Thanks for Clearing My Doubt. Helpful Content. 👌

[@QanatGiniat]

Jazak Allahu Khair

[@ihjazahmad1]

Very useful information.. Alhamdulillah

[@csshah83]

Most helpful knowledge....

[@MohammedAli-yu9qh]

Alhamdulillah nice analysis

[@abs9604]

Great understand....

[@mythoughtsoneverything03]

JazakAllah

[@jannatkhan4027]

Shukriya

[@NadeemAhmad-cl4th]

Yes ,u r right short term stock trading is like gambling

[@farhannaseer5667]

Aoa mufti sb, please explain if we need to factor in current liabilities of a company as they will impact liquid assets

[@burhanchaudhry4020]

I have a few shares in a few different publicly listed UCITS mutual funds that I intend to hold for the long term and use it as a rainy day cover. The niyyah is not to sell these anytime in the near future and infact keep adding to it as and when I can. Could you please advise if I can use the [2.5% of 40% proxy rule] or should I use the [2.5% of total portfolio] for determining my zakat. I would really appreciate if you could please respond.

[@tmkhandl]

Brother, mutual fund is not halal as most of the mutual funds include bank shares and u can't control mf. It's the mf company who decides where to invest ur money. They may even invest alcohol business which is not accepted Islam in any case.

[@rushdyraheem8144]

How about bank FD?

[@saadislam8058]

Many thanx. Can the same equation be applied on Mutual funds where mutual fund managers are doing investment for us and we dont know where they are investing our amount except that it is invested in Shariah Compliance bonds or certificates. We get dividend one yearly basis but it is calculated on daily basis.

[@Shakira44-er6tw]

I think this methods of 40% is for Equities, If the Mutual Fund is Equity based, we can use the same method. But for Bonds, etc... I don't think this method can be used

[@afserali3246]

Sir some ulema speak total stocks of amount 1/4 value's zakaat will apply in long term. Please help me

[@kuttippala]

Salaam, How we can calculate Asset in Halal Mutual Fund Investment , Jazakallah Khair

[@zuleighaabderoef5094]

what about checking the actual stock - whether it is a halal stock

[@GoodSamaritan-g2i]

Sir ....how do we calculate the zakat on Unit Trusts with Dividend reinvested?

[@funlovindude32]

Thank you Sheikh for simplifying the whole process. I would like to get one clarification which is related to the trade/selling fee that one has to pay when selling the stock. Should I deduct those amounts from the total value of the stock and then take 1% of the remaining amount of the stocks? Lets say total value of the stock is 10,000 and the trade/selling commission fee is 10 then should we subtract that first ( 10,000 - 10= 9,990, now multiply 1% to it which will give us 99.9 ) is this calculation correct? Please can you provide some clarification.

[@akmal206]

So here , no need to consider that the fund is with us for 1 complete year ?

[@mohamedminhaz]

Is 1% from invested amount or from the current value

[@ZamZamAcademy]

Value

[@mohamedminhaz]

Thanks

[@mastersaab9564]

Assalamualeykum Mufti Saab, I am commenting to point out a possible error and please forgive me if I am making a mistake in doing so. In the last 15 to 20 seconds you take an example of £2650 and correctly state the 1% of 2650 is £26.50. You then go on to state that zakat should be pain on £26.50, rather than stating that £26.50 should be paid as zakat. Please forgive me if I have made a mistake in mentioning this.

[@farookhjaved776]

What about that we buy stock for long term and don't want to sell.. Stock only buy for devident income how much have to pay on that

[@tasleem171]

Equitation made simple.. Pay just one percent of your investment for long term

[@aishanehla6729]

I hv invested 1.5 lac for long term . But I don't even get 1 per cent per year . Wat shall I do in such case ??? Please reply !!!

[@anwarar677]

Long term there is dividend based and growth based. How about zakat for growth based long term mutual fund

[@sirajudheench2445]

​@@aishanehla67292.5% of your stock value

[@zoyeb100]

Salaam alaikum Sheikh jazaakallahu Khairan ..... Is it 25% of the total value of the stock you are holding as zakaat or 40% as you say..... I am confused

[@halilrhoxsan6438]

assalamu alaykum!!I just want to ask if I have to pay zakat business on goods,do I have to calculate the net income or shall I say my profit for that day or I have to calculate it together with my capital?I really need to understand the ruling of this because I don't want to make mistakes and cheat!and what if my business is in depth and just tryin to circulate my business to pay off my depth first and don't have any savings on my bank?

[@sajassafa677]

Can you please post a video about stock mark trading including futures and options... islamic view and rules

[@unknowneditz4864]

Intraday trading and future option trading is not permitted in Islam

[@alvirakhan5181]

I am a widow mother of two kids of 4yrs.my husband left some money i invested in mutual fund for kids future education.do i have to pay zakaat on it and should be calculated in profit i get from it or the whole amount

[@nafizhaq4554]

Assalamualikum, thanks for explaining. I usually invest in share for growth not as day trader selling term holding. So I have invested in many companies one of them increased 10 times in last 10 months. I.e. investment if £3k is now £30k ! How would I pay zakat on that is it £3k original value or £30k current value or on £12k (30 x 40%). Mind you the value does fluctuate so I thought average value of 12 month of the stock holding would be an ideal approach. Please advise ?

[@sirajudeen6863]

Calulate zakat for shares investment price or current holding price ( in long term price goes up and down ) how can calulate it plz reply

[@sabashaikh28]

Current market value

[@arslankiani6707]

How much should you pay in recession When your portfolio is only in growth stock They tend to move faster with market condition So if your portfolio is minus 66% how much you have to pay

[@Shibly467]

Urgent! For long term, should I consider the actual price i paid to purchase the shares or the selling price that means the price i will get if I sell now? This is urgent ...pls respond fast mufti sab

[@ZamZamAcademy]

In order to receive a response please submit it via fatwacentre.org/

[@ayeshar4388]

£1000 - how do you arrive at? The value of stock keeps changing every day. Is it the value of the share on the day of your Nisaab?

[@ayeshar4388]

Jazakallah Khairan for covering every aspect of Zakath. It's very beneficial. Alhamdulillah

[@imanpower1653]

why always you put dividens as the opposite of daytrading. doesnt count this 1% rule on stocks which u own for long term too but doesnt pay dividends?

[@siqbal3591]

Will there be a session for zakat on pensions?

[@aishanehla6729]

I hv invested 1.5 lac for long term . But I don't even get 1 per cent profit annually. Wat shall I do in such case ?? How much zakaath do I need to gv ??? On stocks or annual profit ??? Please reply !!!

[@1slamExplained]

What stocks have you invested in? And has it been a year or did you buy and sell? Just a recommendation. Apple Tesla Nike Adidas Google Amazon Etc

[@1slamExplained]

I have recently started looking into stocks and found out that the most difficult part is not doing anything. Most people lose on profits since they sell too early. Good question though, hope the Imam sees it.

[@aishanehla6729]

@@1slamExplained I am from India . I hv invested in indian companies. Right now doing very badly due to covid since last year

[@aishanehla6729]

@@1slamExplained it's been 3 years . Dint buy n sell. Bought it for long term

[@MrZer000]

Are you recommending those companies? Amazon for example is not halal

[@goelnuma6527]

I have been told that you pay Zakat on stock that you liquated i.e. sold and made a profit during the year. Stock can go up or down, at the end you might not even have any money for Zakat. A furniture company that I had shares in went bankrupt and shares were worthless after 3 years of holding (there were no dividends), imagine if I paid zakat on the value of share holding each year.

[@amirahmed3773]

Yes brother this is what I’m thinking. Surely you class stocks and shares as assets. If you have liquidated you pay the zakat. But I’m really confused. I have a long term portfolio which I will be paying a 1% zakat on as mentioned in this video. I hope Allah is pleased with me. I will be paying 2.5% on my liquid cash. I just hope I am not getting this wrong.

[@atif1821]

How person will pay zakat if he is fully invested ? If we sell or buy stock we are already paying taxes also dividend paid is after deducting tax

[@sufyanahmad8049]

Jazakalla