Calculating Zakah on Modern Financial Assets
Zakah refers to the act of purifying one’s wealth by giving a portion of it to those in need. When calculating Zakah, many questions can arise: Do I owe Zakah on my IRA? How about my 401(k) plan at work? What if interest-bearing bonds are part of the default investment option in my 401(k)? This presentation offers a brief introduction to the methodology for calculating Zakah on modern financial assets.
Call us at 888.86.AZZAD or email firstname.lastname@example.org for more information about our Zakah and Purification Calculation Guidelines. You can also request an Azzad investment advisor to speak about Zakah and halal investing at your mosque or community center.
Note: This presentation is intended for informational purposes only. Please consult with your religious scholar regarding religious opinions and edicts. The opinions expressed herein are not inclusive of all schools of thought. And God knows best.