Topic

Zakat & Charity

Zakat, sadaqah and giving to charity. Short, honest answers for new Muslims.

Can I count my taxes as zakat?

No. Taxes and zakat are separate duties, so taxes don't replace zakat. But tax that's due now can be subtracted as a debt.

No. A wife's money and jewelry are hers, so their zakat is her duty. A husband can pay it for her with her consent.

Most scholars say zakat is due on a child's savings, paid by the guardian. The Hanafi school says no. Zakat al-fitr is different.

Yes. Savings for a goal still count if they're above the nisab for a year. The plan doesn't exempt the cash. Here's why.

If the borrower can and will repay, most scholars say yes, yearly or once you're repaid. Doubtful loans are treated differently.

It depends on the debt. Many scholars let you subtract debts due now, not a whole mortgage or student loan. Views differ.

Yes, on your stock for sale, cash and money owed to you, minus short-term debts. Equipment and premises are exempt.

Not on the property's value. You pay zakat on the rent you've saved, along with your other cash. Property for resale is different.

Scholars differ. The Hanafi school says yes; most others say no for jewelry worn normally. Gold kept as savings is zakatable.

No. There's no zakat on the home you live in, your car or other personal belongings. Property bought to resell is different.

If you hold crypto, most scholars who allow it say yes: 2.5% of its market value on your zakat date. Here's how to handle it.

Yes. Shares you trade pay 2.5% of market value. For long-term holdings, many scholars use the company's zakatable assets.