Introduction
Modern financial markets introduce investment vehicles like equities, mutual funds, and pension accounts.
In applying the classical Hanafi methodology of Aala Hazrat Imam Ahmad Raza Khan (رحمه الله عليه) (Fatawa Razawiyyah, Vol. 10), investments are evaluated based on ownership control (Milk-e-Taam) and trade intention (Niyyat-ut-Tijarah).
Section 1: Stocks & Equities
- Short-Term Resale Trading Shares (Day Trading / Swing Trading): Treated as trade stock (Maal-e-Tijarat). Zakatable at full current market value on your Zakat date (2.5%).
- Long-Term Investment Shares (Held for Dividends): Zakat is calculated on the underlying liquid assets (cash + inventory) proportion of the company, or on net accumulated dividend cash.
Section 2: Important Scholarly Disclaimer
Scholarly Verification Disclaimer: Complex modern financial instruments (cryptocurrency, speculative options, unvested stock options, complex derivatives) require individual consultation with a qualified Mufti or Dar-ul-Ifta. SALAH Live does not invent unverified modern rulings.
Check Today's Prayer Times & Local Masjids
Find accurate Azan timings, Friday Jummah schedules, and verified local masjids near you on Salah Live.
Aala Hazrat & Hanafi Scholarly References
- Fatawa Razawiyyah (فتاویٰ رضویہ): Imam Ahmad Raza Khan (رحمه الله عليه), Volume 10, Pages 461–490.
- Bahar-e-Shariat (بہارِ شریعت): Part 5.
Check Today's Prayer Times & Local Masjids
Find accurate Azan timings, Friday Jummah schedules, and verified local masjids near you on Salah Live.