zakat

A Detailed Analysis of Zakat on Inventory and Investments

To download the research in PDF format Click Here Researched and written by Mufti Faraz Adam, Amanah Advisors Reviewed by Khondamir Nusratkhujaev, AAOIFI, Board member Checked and Approved by Mufti Mohammed Zubair Butt Summary:  Zakat is payable on Amwal al-Tijara. Amwal al-Tijara are inventories purchased for resale in the ordinary course of business. Any asset purchased for resale as […]
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What is the Zakat treatment of crypto-assets?

QUESTION What is the Zakat treatment of Crypto-assets?  ANSWER In the Name of Allah, the Most Gracious, the Most Merciful As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh Answer: The Zakat treatment of crypto-assets depends on two things: The type of crypto-asset The investment and trading strategy in crypto-asset To read more on our explanation of crypto-assets, you can […]
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