Zakat On Shares — Follow Up Question 2
Salam, thank you for sharing your views on the topic. After Reading above comments my take home is ; -Shares are “means of production” hence exempt from zakat. -However dividends & bonus amounts are the profit and liable to zakat @ 10%. (as only investment and no effort involved). -The tax on dividends paid to the Government can be considered zakat as long as it’s more than 10%. Please correct me if my understanding is incorrect. Thank you.