Zakat on Sukuk

By |2023-03-27T09:02:32+00:00September 1st, 2020|Fatwas, Zakat for financial institution and investors|

Sukuk bought for trading purposes will be zakatable at their full market value, on the zakat anniversary date. This opinion has been formulated by the IFA of Jeddah and the Zakat House of Kuwait. And Allah knows best! (Mufti) Billal Omarjee