Calculating zakaat on investments

Q: I have invested some money in a telecoms company through a family member. The shares are not available to the general public and only to employees, and the family member is one of the employees. He does not have any control or say in the company as he is a minority shareholder. Please advise how I should go about calculating zakaat. The company is not a Muslim owned company.

A: At the time of calculating your zakaat, work out your proportionate share of the company's zakatable assets by studying the balance sheet of the company and accordingly discharge your zakaat.

And Allah Ta'ala (الله تعالى) knows best.


Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)