THE IMPLEMENTATION OF ZAKAT ASSETS TAKEN BASED ON THE LETTER AL-TAUBAH VERSE 103 IN THE CONTEXT STOCK ZAKAT IN SECURITIES

Abstract

This study aims to analyze the implementation of Surah At-Tawbah, verse 103, in the collection of zakat on stocks conducted by securities companies. Surah At-Tawbah, verse 103 emphasizes the command to collect zakat from zakat payers (muzakki), which is implemented through the collection of zakat on stocks by securities firms. Zakat is an obligation for a Muslim to give a portion of their wealth when it reaches the required threshold (nisab) and has been owned for a full year (haul). The nisab for zakat on stocks is equivalent to 85 grams of gold, and the haul is considered complete when the ownership of stocks has been held for one full year. This study uses a qualitative research method, with primary data obtained from observations and interviews with investors, while secondary data is gathered through articles and other written sources. The data in this research is qualitative and descriptive in nature, including the results of observations, interviews, and articles related to zakat on stocks. Data collection techniques include participatory observation, interviews with securities firms and investors, as well as document analysis. The data analysis technique used is inductive analysis. The research findings indicate that some securities firms automatically deduct zakat on stocks based on the amount of stocks to be zakat-ed within the investor's portfolio. The deduction is made by cutting the value of stocks held by the investor, as reflected in their portfolio.