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.
Contact us 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.
You can watch an extended version of this presentation, including a question and answer session with webinar attendees, on our webinar page.