Mastering how to calculate zakat!

The Practical Islamic Finance Podcast

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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