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Rulings on Khums for stock and dividends



I have two questions
1) I want to invest money in the stock exchange. Do I have to pay khums before I invest?
2) I have earned my dividends from the stock and I plan to reinvest them back into the stock to grow my portfolio. Is there khums on the dividends as well?


In the Name of Allah, the All-Beneficent, the All-Merciful.
Wa-Alaykum Assalam Wa Rahmtu-Allah,

1. On the money you invest that you already paid khums on there is no need to repay khums. However any amount that has not already been khumsed will need to be so on your annual khums year date (or before you invest).
2. Any dividend or profit that is made should be khumsed on the khums anniversary. A dividend is a source of income. (In short, yes).


Sayyid Samer Hakim