If you sell these stocks (shares) during the year, you will add the amount received from sale to your liquid assets and pay Zakat according to general rules of Zakat. This is the method prescribed the Fiqh Academy of the OIC and is generally prescribed by most scholars who are specialists in the field. There are other opinions, but we will
Saudi Arabia’s income tax rules are governed by the Income Tax Law (Tax Law), which came into force in 2004. The Tax Law is supplemented by implementing regulations (by-laws). Zakat (a payment under Islamic law that is used for charitable or religious purposes) is governed by the implementing regulations for zakat collection (zakat regulations). The
Zakat in wealth is the third pillar of Islam. It is obligatory upon Muslims whose annual income has exceeded the Nisab threshold. They are obliged to pay only 2.5% of their earnings to the poor and the needy once a year. Zakat-al-Fitr is paid at the end of Ramazan before Eid-ul-Fitr congregational prayer and is also a compulsory deed upon Muslims.
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rules of paying zakat