DECISION NO: 4/08/88

ABOUT: ZAKAT STOCK COMPANY


Bahwasannya OIC in congress-4 in Jeddah Saudi Arabia began on 18-23 Jumadi al-late 1408 H or 6-11 February 1988.

After seeing the discussions about the company's stock zakat decided as follows:

1.1) The Company shall issue a zakat on behalf of the owner of the stock, if it is defined in the rules of the company, or has been disconnected from the plenary and state laws that require companies to issue a zakat or shareholders mandated the company to issue shares zakat.

2.2) The Company issued shares as individual zakat zakat issued his property, in the sense that each person calculates all their shareholders, such as the property of a (muzakki). Companies spend zakat calculation based property asset that must be in zakati. Nishab and levels taken and others of the things noted in the original person and it looked out of this mixture according to scholars who regard the public on the whole property, and the parts that are not subject to zakat shares was reduced, and in between stock public treasury, shares common endowments and shares held by non Muslims.

3.3) If the company does not issue shares zakat due to several reasons, the owner of the shares issued shares corresponding levels zakat must be spent by the company, unless it is able to find out for himself, because it is the basics of how to spend zakat shares. If he was not able to figure it out, then when he planted stock in companies with the intention of taking advantage of the results of annual stock and not for the purpose of trafficking, as he pulled out zakat like charity cash crops (mustagholat), then the stock is not mandatory in zakati but that is zakati result of 2.5% after one year from the day of acceptance of the results by looking at the fulfillment of the terms of zakat and the absence of things that invalidate the obligation of zakat, in accordance with the decision of the second congress OIC alms vacant for rent. And if he intends to trade, trade treasure makazakatnya like charity, if in the end the stock is still not sold, then he should issue a zakat market rates and if there is no provision that the stock market price of zakat according to the price that has been determined by economists (ahlul khibrah), ie 2.5% of the price along with the results.
 
4.4) If a shareholder sells its shares in mid-year, he has to combine its share price had with their own wealth and charity issued both by the end of the year. While buyers of shares issued as stock zakat the details that have been mentioned above. 

Source from: http://www.ppmus.com