Zakat on Bonus and Rights Shares

Short answer: (1) Bonus shares follow the parent holding — nothing separate to do; in a trading portfolio, pay 2.5% of the total market value (bonus included) on your zakat day; in a long-term holding, use the long-term method. (2) Money paid into a rights issue is your collectible receivable until allotment (like IPO money) — include it on your zakat day; once allotted, the new shares join the parent holding's ruling. (3) If you sell a transferable rights entitlement, the proceeds follow the cash rules. Details: Bonus shares create no new income — company reserves are split over more shares; total market value is the real measure, already captured in a trading reckoning. Profit and growth follow the capital's hawl — no new hawl for bonus or rights. Evidence: Quran 2:267; Sahih al-Bukhari 1454; the Permanent Committee and Shaykh al-Uthaymin that growth follows the principal's hawl, with the general share-zakat principles. For complex individual cases, consult a qualified scholar.