Question ID: 29798
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Salaam Mufti

I work for a JSE listed company and I am part of the staff share scheme. If we perform well, the company does well and pays us the dividends based on our shareholding. Am I entitled to this dividend and any cash from the sale of the shares?

Note: One cannot purchase these shares in the open market as they are not shariah approved. The company is not in the trade of alcohol, gambling etc. The shares are not shariah approved due the companies high debt and hence interest payments.

Keeping in mind that the company does pay me a salary and bonus. Can the dividend be seen as a bonus/ incentive or should I refrain completely?

Jazakumullah

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Asked on January 6, 2014 3:27 pm
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Refrain
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Answered on January 6, 2014 3:27 pm