Results Of Ijtima Ulama Of The MUI Fatwa Commission: Shareholders Must Pay Zakat On Shares

Screenshot - Head of MUI for Fatwa Asrorun Niam (Photo: Asep Firmansyah/Antara)

JAKARTA - The results of the Ijtima Ulama Fatwa Commission of the Indonesian Ulema Council (MUI) stipulates that shareholders are obliged to issue zakat in accordance with the value of the shares they have and the provisions of zakat. Dr. KH M Asrorun Ni'am Sholeh, MA, in a press conference on the results of the Ijtima Ulama of the MUI Fatwa Commission which was monitored online in Jakarta, reported by Antara, Thursday, November 11. MUI explained that there are several provisions that require shareholders to issue zakat assets, i.e. the shareholder is a Muslim, is owned with perfect ownership, has reached the ownership period of one year.

It is also stated that the provision for a one-year share ownership period does not apply to shareholders of companies in the fields of livestock, agriculture, and rikas or treasures. In addition to zakat on shares, MUI also stipulates zakat that must be issued by companies. According to Niam, the company's assets must be issued zakat, namely the company's current assets, company funds invested in other companies, and physical assets managed in leasing and other businesses. The company's assets are issued zakat with direct provisions within one year of ownership, certain nisab and levels of zakat are met according to the business sector, said M Asrorun Ni'am Sholeh.