Is there anything I need to be aware of when investing in the long term? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is there anything I need to be aware of when investing in the long term?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Just because an investment has been locked up for a long time doesn't automatically mean it's exempt from zakat.

You need to know the nature of your ownership, the value of the asset, and its availability for disposal, and apply the appropriate ruling annually.

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