How to calculate zakat on shares when it is in losses? How to calculate Zakat on plot of land?

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Dear Imam Sahib as salam alay kum wa rahmat allai wa barkathu, I own 500 shares since 1995 that time I purchased @ 40 indian rupees each since that time it doesen't reach that price now the current price (1st May 2001) is only 10 rupees I am incurring losses on these shares. How can I calculate Zakat on these shares. every year i.e., from 1996 to 2001. I have 3 pieces of land (plots) the first one where I am constructing my home this year inshaallah, the other 2 plots I purchased it as investment but not for reselling (for my children) I want to hold these for my children's future need, should I have to pay zakat on it? thanks, Jazak Allah Khair.

Mufti Ebrahim Desai · Accepted Answer

Kindly refer our standard reply on queries on Zakaat on shares - below

There is no Zakaat on any one of the three pieces of land.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

Q: If one owns 40% of shares in a company, then how is Zakaat calculated on his share?
A: If the company is a trading investment then Zakaat is payable on the capital amount as well as the dividends. If the company is not a trading investment and only receives income, for example from rentals of properties then Zakaat is liable only on the dividends.
In this case, as a shareholder of a trading investment, Zakaat is due at 2.5% of the 40% shareholding on the capital, as well as on the dividends.

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