Question Summary: Is Zakaat payable on shares owned on the JSE? Question Detail:
Is zakaat payable on shares owned on the JSE?
Answer :
In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. Zakaat is payable on ones Shari’ah compliant shares in the JSE according to the value the day Zakaat is calculated. And Allah Knows Best, Mufti Ebrahim Desai.
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