Page 13 - Obligatory Zakat Made Easy

ii. Shares Sold in One-Year Period

Shares bought for trading or that are short-term in
nature should be paid zakat at the rate of 2.5% of the
current market value in ownership.

Short Term

[Current Share Value + Trust account current balance
Note 6
- Related costs ] x 2.5%
= [RM84,000.00 + RM5,000.00 - RM350.00] x 2.5%
= RM88,650.00* x 2.5%
= RM2,216.25

Note 6: Related costs are brokerage costs, GST, clearing fees,
stamp duty etc.
*Amount has reached nisab.

Companies Paying Business Zakat

Shares for companies paying business zakat are no longer
charged zakat.

Shares Not Listed in Stock Exchange

These shares are not easily liquidated. Practically, zakat
should be paid on the dividend received if it reaches nisab.

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