Pusat Pungutan Zakat

Dr. Yusoff Al-Qaradhawi in his book Fiqh-Zakat defines shares as valuable papers/commodities that are traded in the market such as Bursa Malaysia.

• Share certificates issued by companies listed in Bursa Malaysia are easily converted into cash compared to shares issued by non-listed companies and cooperatives.
• Shares purchased by self-owned money are zakatable. Any portion of shares purchased using loan must not be included in the zakat calculation because it is considered as not fully owned.

Companies That Pay Zakat on Business

Shares for corporations that pay zakat on business are no longer zakatable.

Unlisted Shares

This type of shares is not easily converted to cash. Therefore zakat is calculated based on the dividend received.

Calculation For Listed Shares  

• The shareholders can separate zakat calculation into two groups. One is for shares that are in possession for more than a year and another is for shares that are traded in the period of less than a year
• For shares in the form of long-term investment (exceeding one year), zakat is calculated based on the number of lots hold times the lowest price per unit. 

1. Example of shares that are kept for more than a year  :-

Zakat = RM40,000 x 2.5% = RM 1,000

• For shares that are traded throughout the year, zakat is 2.5% on the profit after deducting the initial capital value.

2. Example of shares that are traded throughout the year  :-

2.5% x Profit from shares sold ( Shares Selling Value – Capital ) 

Example:

Calculator for Zakat on Shares