Answered by Shaykh Muhammad Carr Question  How is zakat calculated on a halal ETF investment? For example, if an initial investment of $100,000 grows to $125,000, should zakat be paid on the profit alone ($25,000) or the entire investment value ($125,000)? Additionally, does the same ruling apply to RRSPs invested in ETFs? ِAnswer In the […]

Answered by Shaykh Muhammad Carr Question  What is the ruling on paying zakat on cryptocurrency, such as Bitcoin or Ethereum? If I have not paid zakat on my crypto holdings since acquiring them, have I sinned, and is my wealth halal? ِAnswer In the Name of Allah, the Most Merciful and Compassionate. I pray you […]

Answered by Shaykh Dr. Muhammad Abu Bakr Badhib Question Is it permissible to give zakat to students who need help covering their education expenses? Answer In the name of Allah, and all praise is due to Allah, and blessings and peace be upon our master Muhammad, the Messenger of Allah, his Family, his Companions, and […]

Answered by Shaykh Dr. Muhammad Abu Bakr Badhib Question What is the ruling on giving zakat before its due time? Answer In the name of Allah, and all praise is due to Allah, and blessings and peace be upon our master Muhammad, the Messenger of Allah, his Family, his Companions, and those who follow him. […]