Search Results for 'zakat'

  1. Purpose of Zakat – Webinar

    Please submit questions and comments below: Click here to buy the Simple Zakat Guide on Amazon

  2. Lifetime Updates to the Simple Zakat Guide

    I wrote the Simple Zakat Guide to be a convenient resource for American Muslims, now and in the future. When you register your copy of the Simple Zakat Guide, you get lifetime access to new editions of the e-book, as well as a suite of other resources. If you don’t have a copy yet, click here to purchase the Simple Zakat …

  3. Do You Owe Zakat on Your 401k?

    You have a good job that provides a 401k, with a good amount of money in the account. Do you owe zakat on your 401k? You need a solid answer. There are thousands of dollars per year at stake, not to mention your duties as a Muslim. The challenge of Islamic personal finance in the US I’ve …

  4. Can I give Zakat to several people?

    Question: Can I give Zakat to several people? Answer: You can give all of your zakat to one person as long as he/she is eligible. You may also divide up your zakat and pay it to several people, as long as they are eligible under one of the eight categories. For example: You have 300 …

  5. Do I pay Zakat on 401k and IRA? Is it 2.5% or 10%? (updated with new info about Roth IRA)

    M Babu asks: As Salamualikum. Ramadan ul Mubarak. I need to understand zakat on retirement funds contributed by both employer and employee. As a teacher, I have a TIAA-CREF retirement account where I contribute and my employer contributes a matching percentage of the salary. All my investment is in stocks since other options are interest ...
  6. Can Zakat be given to Non-Muslims?

    Can Zakat be given to Non-Muslims? There is general agreement that Zakat is not to be given to anyone who is fighting against Islam and Muslims; this is a point that does not need much elaboration. As for others who are non-combatant, and do not show enmity towards Islam and Muslims then medieval scholars differed ...