Zakat is obligatory by Allah SWT for every Muslim who fulfills the conditions to release part of his wealth to be distributed to those who are entitled to receive it. There are various types of zakat in Islam and one of them is zakat in stock investments. Investment or participation in business through the purchase of company shares is a new form of asset ownership and therefore this method of ownership is not discussed in the classic references. Therefore, the discussion about the law of zakat on shares depends on how shares are understood from the point of view of fiqh. The shari'at of zakat is to purify the wealth of Muslims from elements that are doubtful when acquiring it. By giving zakat, it actually prevents the accumulation of wealth in the hands of certain groups or groups without giving it to those who need it. The obligation to pay zakat whether it is property zakat, business zakat, agricultural zakat, and other types of zakat is generally known by Muslims. Among the contemporary issues regarding zakat that often raise questions among the Muslim community today is the status of the obligation of zakat on shares. This study aims to examine zakat in investment as well as the importance of zakat because from this zakat, the expansion of property can be expanded taking into account that the investment property that is invested is not manipulated by scammers because the Maqasid Syariah in the category of Hifzul mal is guaranteed. The data obtained were systematically analyzed using content analysis techniques. The results of the study show that zakat in share is done in accordance with the concept of zakat investment in Islam in terms of principles, objectives and benefits.
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In-Text Citation: (Ahmad et al., 2022)
To Cite this Article: Ahmad, N. A., Zahid, E. S. M., Razali, M., Zin, M. Z. M., & Rahim, H. A. (2022). Zakat on Shares in Developing Hifz Mal. International Journal of Academic Research in Business and Social Sciences, 12(9), 1737– 1742.
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