Learn about Zakat
Learn the rulings of zakat before you calculate it: its definition and rate, the nisab, and how it's calculated on each type of wealth.
What Is Zakat? Definition, Standing, and Conditions
Zakat's definition and standing, its five conditions, the meaning of the 2.5% rate, and how the hawl is counted for fluctuating wealth.
The Nisab: Gold or Silver?
The two prescribed nisab amounts, their dollar value today, and the considered scholarly disagreement over which to adopt.
Zakat on Cash and Bank Accounts
The ruling on zakat for cash and bank deposits, a worked example, and the treatment of emergency funds and due expenses.
Zakat on Stocks and Funds
How intent (trading vs. investing) determines the ruling, two worked examples, and why purification is not zakat.
Zakat on Retirement Accounts (401k / IRA / Roth)
The three contemporary positions on American retirement accounts with worked examples, and the treatment of Roth and vesting.