Answered by Mawlana Ilyas Patel Question If I am 19 but still do not have access to the money, who is responsible for paying zakat on a trust fund exceeding the nisab amount set up by my mother—me or my mother? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you […]

Answered by Shaykh Irshaad Sedick Question In the Shafi‘i School, can my mother use her zakat money to pay off my father’s debt to my sister, given that she has gold liable for zakat but no income? Answer In the Name of Allah, the Most Merciful and Compassionate Thank you for your question. May Allah (Most […]

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 […]