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



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