The Practical Islamic Finance Podcast

Mastering how to calculate zakat!

April 28, 2022 Rakaan Kayali Season 1 Episode 21
The Practical Islamic Finance Podcast
Mastering how to calculate zakat!
Show Notes

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

TRUEBILL AFFILIATE LINK
https://truebill.i679.net/3Pz5gM

LEAVE YOUR EMAIL TO RECEIVE THE ZAKAT SPREADSHEET:
https://bit.ly/37HC8hp

view our portfolio or become a member please visit https://practicalislamicfinance.com

To see all your balance of cryptocurrencies in the same place check out Cointracker: https://www.cointracker.io/a/rakaan

PIF Offerings:
► Follow PIF portfolios & investment      insights:  https://app.practicalislamicfinance.com/pricing/
► Join the Practical Islamic Finance Discord Community: https://discord.gg/HYZKUCM274
► Sign up for our newsletter at: https://practicalislamicfinance.com
► List of PIF reviewed stocks: https://practicalislamicfinance.com/pif-reviewed-stock-list/
► List of PIF reviewed cryptos: https://practicalislamicfinance.com/pif-reviewed-crypto-list/ 

Affiliates & Promotions:
► Follow your crypto investments and file taxes with Cointracker: https://www.cointracker.io/a/rakaan
► Track your income, expenses and budget using Truebill: https://truebill.i679.net/c/2193816/616684/10034
► Looking for a place to buy stocks in the U.S.? Try M1 Finance for Free using: https://m1finance.8bxp97.net/c/2193816/704943/10646

Follow Us on Social Media:
►Twitter: https://twitter.com/PracticalIF
►Instagram: https://www.instagram.com/practicalislamicfinance
►Facebook: https://www.facebook.com/practicalislamicfinance
►Email: rakaan@practicalislamicfinance.com

Disclaimer: Anything you hear in this podcast is an opinion. It is not to be considered personalized financial advice. Make sure you do your own due diligence before making any investment decisions.