He lent money to some of his colleagues and bought shares in some companies – how should he pay zakaah?
Question

                I borrowed 260,000 riyals from al-Bank al-‘Arabi by means of tawarruq, on the basis that they would deduct 3752 riyals from my salary every month for 8 years, and the money would be deposited in my account. Then I bought a car, paid off my debts and lent money to some of my colleagues, and I invested in real estate and I began to invest the rest in the Saudi stock market. That was approximately one year ago. Do I have to pay zakaah? If that is the case, how should I pay zakaah with regard to those to whom I lent money and with regard to the shares that I own in the stock market?.
Praise be to Allah.
    Firstly: 

    The debt that you owe to the bank does not mean that your 
    duty to pay zakaah is waived, according to the most correct scholarly 
    opinion. This has been discussed in the answer to question no.
    22426. 

    Secondly: 

    It is not right to take out a loan in order to invest in the 
    stock market, especially if the loan is large as in your case. Debt is a 
    great responsibility, so much so that if a martyr is killed in battle for 
    the sake of Allaah he will be rewarded for everything except debt. In the 
    answer to question no. 82011we have quoted the words of Shaykh Ibn 
    ‘Uthaymeen (may Allaah have mercy on him) warning against taking loans in 
    order to invest in stocks. 

    Thirdly: 

    Zakaah is due on that which you have lent to your colleagues, 
    if they still acknowledge the debt and they are paying it off as agreed. You 
    have to pay zakaah on this money every time one year passes from the time 
    when you took possession of the nisaab (minimum threshold of wealth at which 
    zakaah becomes due), but you have the choice between two things: either 
    paying zakaah on it every year, or delaying it until you get this money 
    back, then paying zakaah for all past years. 

    But if the debtor is in difficulty or taking a long time to 
    pay it back, then you do not have to pay zakaah until you get the money 
    back, then when you get it you have to count a new year from the time when 
    you get it. This has been discussed in the answer to question no.
    50014. 

    Fourthly: 

    With regard to investing in property this comes under the 
    heading of trade goods, because these real estate companies buy land with 
    the aim of dealing in it. 

    So at the end of the year you have to work out the value of 
    your shares in this company and pay zakaah on them, one quarter of one 
    tenth. 

    Shaykh Ibn ‘Uthaymeen (may Allaah have mercy on him) said 
    concerning shares in land belonging to a real-estate company: 

    It seems that these shares are trade goods, because those who 
    buy shares in land intend to deal in it and earn money from it. Hence they 
    must pay zakaah on it every year, by working out their values and paying 
    zakaah accordingly. If a person has shares worth thirty thousand and at the 
    end of the year these shares are worth sixty thousand, then he must pay 
    zakaah on sixty thousand, and if at the end of the year the thirty thousand 
    is worth only ten thousand, then he only has to pay zakaah on ten thousand. 
    End quote. 

    Majmoo’ Fataawa Ibn ‘Uthaymeen 
    (18/226). 

    Fifthly: 

    With regard to the money that you have invested in the stock 
    market, if your intention when buying the shares was to deal in them – as 
    seems to be the case – then these shares are regarded as trade goods, so 
    when the year ends you must work out the value of the shares based on the 
    market value and pay zakaah on them. End quote.  

    But if you bought the shares to keep them and benefit from 
    their annual profits, then the way of paying zakaah in this case has been 
    explained in the answer to question no.
    69912. 

    And Allaah knows best.