zakaat on investments

Question ID: 40003
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The company I work has offered me shares in the company. They have sold me 15 shares currently valued at R90 000 of which the yearly dividend payouts (approximately R30 000 per year) will pay towards the initial cost. I currently still owe R60 000 as I have only been a shareholder for one year. I have not invested my own capital towards the shares. Is Zakaat payable on these shares and on which amount?

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Asked on January 1, 1970 12:00 am
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Private answer

Zakaat payable on the current market related value at the time of calculation.

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Answered on January 1, 1970 12:00 am