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english column

Oleh: Mohd. Amin Ibrahim (aminz@e-zakat.com.my)

Zakat On Shares And Investment


Living life to the fullest, some said is the way we should live. In Islam, man does not live in this world just for the sake
of successful living, in fact we aim for successful ending. Death is the beginning of the true life, when we can only
reap what we have sown.

VTMJNT BSF SFRVJSFE UP MJWF MJGF XIPMMZ


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our understandings, immediately after
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Investment At The Capital Market


(Bursa Malaysia)

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the most fundamental obligation in Islam, as
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Shares & Investment


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BSF UIF PXOFST PG UIF CVTJOFTT BOE TIBSF UIF
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and is derived from an underlying instrument,
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BCPWF

Evidence Of The Obligation


Allah SWT said in the al-Quran: O you who
believe! Spend of the good things which you
have (legally) earned, and of that which We have

produced from the earth for you, and do not aim


at that which is bad to spend from it, (though) you
would not accept it save if you close your eyes
and tolerate therein. And know that Allah is Rich
(Free of all wants), and Worthy of all praise. (Al#BRBSBI

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POXIBUXF
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*O UIF NFBOUJNF  "CV A"NS JCO )BNNBT


reported from his father that he said: I used to
sell leather and containers. Once, Umar ibn alKhattab passed by me and said: Pay the sadaqah
due on your property. I said: O Commander of
the Faithful, it is just leather. He replied: Evaluate
it and then pay its due sadaqah. 3FQPSUFE CZ
"TI4IBGJ "INBE "CVA6CBJE BE%BSBRVUOJ BM
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Zakat Rulings On Shares &


Investment
16346"/5UPTFDUJPOPGUIF"ENJOJTUSBUJPO
PG  UIF  3FMJHJPO  PG  *TMBN 4UBUF PG 4FMBOHPS

&OBDUNFOU  <&O >  UIF 'BUXB
Committee for the State of Selangor, has
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JT GPS BDUJWF USBEJOH PS MPOH UFSN IPMEJOH5SBEF
HPPET ABSVE UJKBSBI
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obtained for the purpose of resale for profit,
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Rationale Of The Obligation


"DDPSEJOH UP *NBN"T4IBmJ JO LJUBC"S3JTBMBI
UIFmSTUCPPLPO6TVM'JRI

i(PMEBOETJMWFS are measures of price which
men used to hoard or pay in exchange for goods
in various countries before the rise of Islam and
after it. Although ruby and chrysolite are more

english column
precious than gold and silver, neither the Prophet = (market value at the hawl completion date + cash proceed from investment) x 2.5%
p.b.u.h nor those who succedded him have
ASSESSMENT TEMPLATE
imposed zakat on them as far as we know. Since
they are possessed by a special class and are
ZAKATABLE INVESTMENT
not used as a medium of exchange because
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3. 
they are not the measures of price they are
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3. 
exempted from zakat
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3. 
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3. 
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3. 
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Conditions Of Zakat
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UIFQSJODJQMFPGLIVMUBI QPPMFEXFBMUI

ALLOWED DEDUCTION
t $PNQMFUFPXOFSTIJQoIBWJOHUIFGSFEPNUP
&TUJNBUFE MJRVJEBUJPO DPTU PG FYJTUJOH QPSUGPMJP BU IBXM EBUF
3. 

liquidate or obtained full benefits from the


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3. 

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HPME
Sum of installment in assessment year for loan taken to buy
t 'VMmMM )BXM )BXM JT UIF DPNQMFUJPO EBUF
investment
PG POF MVOBS ZFBS VQPO UIF PXOFSTIJQ PG
RM464,500
[BLBUBCMFBTTFUT)BXMGPSJOWFTUNFOUNFBOT Value of investments that subject to zakat
UIFDPNQMFUFMVOBSZFBSIBWFQBTTFEPOUIF Zakat : RM456,000 x 2.5% =
RM11,610
JOWFTUNFOUQPSUGPMJP
ILLUSTRATION OF ZAKAT ON SHARES & INVESTMENT

Scope Of Zakatability
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BSF USBEFE  BU UIF DBQJUBM NBSLFU PS UIF
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Assessment Method
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market value of the investment portfolio at
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portfolio must be added to the market value of
UIF FYJTUJOH JOWFTUNFOU BU UIF IBXM DPNQMFUJPO Further Enquiries
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 MA

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