Darul Ihsan Islamic Services Centre - Is Zakaat payable on unit trusts and if so at current value or value when purchased?

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Is Zakaat payable on unit trusts and if so at current value or value when purchased?

Ref:zak015/07

October 2007

Q: Is Zakaat payable on unit trusts and if so at current value or value when purchased?

Zakaat is payable on the current market value of unit trusts.

Mufti Shafiq Jakhura

Iftaa Department, Darul Ihsan Islamic Services Centre

I concur with the answer:

Mufti Zubair Bayat

Ameer, Darul Ihsan Islamic Services Centre

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