Zakat on Private Company or Partnership Stakes

Short answer: Here you reckon through the company's books: compute the business's zakatable assets (cash + bank + saleable inventory at today's selling price + collectible receivables, minus currently-due liabilities) and pay 2.5% of your ownership percentage. Fixed assets (premises, machinery, furniture, vehicles) carry no zakat. Details: The 'pay on full market value' shortcut of listed shares cannot apply — there is no market price; so you apply the base method directly, which is also the primary ruling in evidence. Best practice: the business runs one joint reckoning on a fixed zakat date and tells each partner his share; otherwise each partner reckons his stake on his own zakat day. Evidence: Quran 2:267; the exemption principle of Sahih al-Bukhari 1464 for productive fixed assets; Shaykh al-Uthaymin and the Permanent Committee on business zakat (cash + inventory + receivables); the computation framework of AAOIFI Shariah Standard 35. For complex individual cases, consult a qualified scholar.