Prayers & Duties >> Zakat & Charity

Question # : 7830

Pakistan

My company have given me the options to buy 100 shares of the company at $50 each. (Stock options). These options are not transferable. Today The price of shares is $75 each. I have not yet exercised my right to buy @50. I have intentions to buy these shares @50 once the market price is $100. DO I have to pay zakat on this right to buy shares at this moment in time? This option will expire in the next 4 years (mening i have to excercise this right within next 4 years). W"salaam Muzammil

Answer : 7830

Published on: Oct 28, 2008

بسم الله الرحمن الرحيم


(Fatwa: 2029/323=TB/1429)


 


Now, you have only intended to buy the shares, you will not have to pay zakah of the shares which are still your right only. You will have to pay zakah of the cash and wealth which you possess presently.



Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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