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Seminar 2008

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Annual Seminar 2008
On what amount does a person pay Zakat when investing in stocks and bonds? Print E-mail
Question:
On what amount does a person pay Zakat when investing in stocks and bonds?


Answer:
If the shares are for investment only then you have to pay Zakat on this original value plus any dividends you incurred on them. But if they are meant to trade in, then you have to pay Zakat on their current value.
 
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