Zakat

Can a donation made without intention, that turned out to be Zakat eligible, count toward Zakat?

My friend Chris Blauvelt over at Launchgood asks a great question on twitter: ” If you made a donation without intending zakat, but later learned it was zakat eligible, can it count toward zakat? @FarazRabbani @hwmaqbul @joewbradford. Guessing Hanafis/Shafis split like do you have wudu if you accidentally fall in a pool without intention.” Taking …

Can a donation made without intention, that turned out to be Zakat eligible, count toward Zakat? Read More »

20 Questions on Zakat: A quick and easy guide to understanding Zakat

Featured in Sharia Portfolio’s Newsletter, these are 20 Questions on Zakat which I wrote as a quick and easy guide to understanding Zakat. Be sure to get a copy of my book “Simple Zakat Guide” which has all this information and more, plus calculation formulas and worksheets. Easily find all my articles, videos, and courses …

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Do I pay Zakat on savings only or on my checking account too?

Question: Do I pay Zakat on my Savings only or on my checking account too? Answer: Zakat is due on ANY surplus wealth. It must be more than the Nisab and is in your possession after one year passes. This includes: Savings accounts, checking accounts, actively invested shares or Mutual Funds. It also includes cash …

Do I pay Zakat on savings only or on my checking account too? Read More »