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Calculating Zakah on Modern Financial Assets (2016)

Calculating Zakah on Modern Financial Assets (2016)

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 on 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 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.

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The views expressed are those of Azzad Asset Management. These views are subject to change at any time in response to changing circumstances in the markets and are not intended to predict or guarantee the future performance of any individual security or the markets generally, nor are they intended to predict the future performance of any Azzad account, strategy or fund.

Diversification, asset allocation and rebalancing cannot assure or guarantee better performance and cannot eliminate the risk of investment losses.

The information provided is for general information purposes only and should not be considered an individualized recommendation or advice. Azzad Asset Management makes no representations or warranties with respect to the accuracy or completeness of the information provided. Any illustrations are for hypothetical purposes only. Holdings are subject to change.

We strongly recommend you consult with your tax advisor for more information about your particular tax situation.

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