Listen "How To Calculate Zakat on Cryptocurrency"
Episode Synopsis
Zakat stands as a fundamental pillar of Islam, an obligatory act of worship that purifies wealth and fosters social welfare by distributing a portion of one’s assets to those in need. In an increasingly digital world, new forms of wealth emerge, and with them, new considerations for fulfilling this divine obligation. Cryptocurrency, a decentralized digital asset, has rapidly gained prominence, leading many Muslim investors and holders to seek clarity on their Zakat responsibilities. This guide provides a detailed and practical framework for calculating Zakat on your cryptocurrency holdings, ensuring adherence to Islamic principles and contemporary financial realities. Here are some guidelines on how to calculate Zakat on cryptocurrency.
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