I calculated my zakat in the app a few days ago and noted the zakat owed per share of holdings. I have recalculated today and the zakat per share of the SAME stocks is different. Changes in my cash or the price of the stocks should be irrelevant since I am using the asset based calculation. The current assets from the balance sheet of my holdings haven’t changed in the past few days. FYI, the value has gone down significantly, so any possible dividend reinvestments are not responsible. Could this be a bug in app?
The asset-based calculation depends on two things that can change over time: stock price and outstanding shares.
The price matters because it determines the current market value of your holdings, and it updates in real-time. Outstanding shares matter because they’re used to calculate your share of the company’s zakatable assets, and they’re updated quarterly. Since each company reports these numbers on different dates, you may see some fluctuation whenever you recalculate your zakat.