" Zakat (Alms) "
What is the process to pay zakat on shares as the price flactuates?
What is the process to pay zakat on shares as the price flactuates all the time?
Assalamu Alaikum wa Rahmatullahi wa Barakatuh
First of all, we commend your efforts on getting well-acquaintant with Islamic teachings and implore that Allah, the Most High (swt) grants you with all the best.
As for your question;
“The amount of zakat for shares of which the price fluctuates is calculated according to its market value at the time that zakat is paid.” (Religious Affairs)
As the price of the shares fluctuates all the time, you should calculate its market value at the time that you will pay its zakat. Then, you can calculate the zakat amount for the shares regarding their current price.
If you have any further question about this issue or any other, please feel free to ask. We are here to assist you as best as we can.
May Allah (swt) accept your duas, worships and deeds in this blessed month Ramadan and reward you with the best.
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