Can I subtract the amount I owe in taxes when calculating Zakah?
Short Answer: Yes.
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May 4, 2021
Do I pay Zakah on employee stock or stock options? Does it matter if they are vested, qualified, or restricted?
Short Answer: Pay on vested stock but not options.
April 11, 2021
Is Zakah due on undistributed inheritance or life insurance if it is stuck in litigation?
Short Answer: No.
May 22, 2020
Do I pay Zakah on the purchase price, market value, or future selling price of merchandise and investments such as stocks?
Short Answer: On the current market value.
May 21, 2020
Do I pay Zakah on land or a burial plot?
Short Answer: If you purchased it for personal use then no, but if as an investment then yes.
May 21, 2020
Do I have to pay Zakah on my 401K or retirement account if I can’t access the money until I retire?
Short Answer: Yes.
May 20, 2020
Should I give Zakah to specific people over others?
Short Answer: To family and locally, unless there is a greater need elsewhere.
May 17, 2020