
The Practical Islamic Finance Podcast
The Practical Islamic Finance Podcast
Mastering how to calculate zakat!
April 28, 2022.
In our latest episode, we look at :
- Intro and summary of the last podcast
- Summing up all your accounts to calculate zakat
- Deduct debt from the sum of liquid assets
- First approach to calculating zakat (use highest balance, once a year)
- Second approach to calculating zakat (use minimum balance, multiple times per year)
- Calculate zakat on the same day every lunar year regardless of balances (assuming you've at least met Nissab for the entirety of last year).
#zakatoncrypto #cryptocurrencies
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