Mastering how to calculate zakat!

Mastering how to calculate zakat!

Author: Rakaan Kayali April 28, 2022 Duration: 14:23

April 28, 2022.

In our latest episode, we look at :

  • Intro and summary of the last podcast
  • Summing up all your accounts to calculate zakat
  • Deduct debt from the sum of liquid assets
  • First approach to calculating zakat (use highest balance, once a year)
  • Second approach to calculating zakat (use minimum balance, multiple times per year)
  • Calculate zakat on the same day every lunar year regardless of balances (assuming you've at least met Nissab for the entirety of last year).

#zakatoncrypto #cryptocurrencies

TRUEBILL AFFILIATE LINK
https://truebill.i679.net/3Pz5gM

LEAVE YOUR EMAIL TO RECEIVE THE ZAKAT SPREADSHEET:
https://bit.ly/37HC8hp

view our portfolio or become a member please visit https://practicalislamicfinance.com

To see all your balance of cryptocurrencies in the same place check out Cointracker: https://www.cointracker.io/a/rakaan

PIF Offerings:
► Follow PIF portfolios & investment      insights:  https://app.practicalislamicfinance.com/pricing/
► Join the Practical Islamic Finance Discord Community: https://discord.gg/HYZKUCM274
► Sign up for our newsletter at: https://practicalislamicfinance.com
► List of PIF reviewed stocks: https://practicalislamicfinance.com/pif-reviewed-stock-list/
► List of PIF reviewed cryptos: https://practicalislamicfinance.com/pif-reviewed-crypto-list/ 

Affiliates & Promotions:
► Follow your crypto investments and file taxes with Cointracker: https://www.cointracker.io/a/rakaan
► Track your income, expenses and budget using Truebill: https://truebill.i679.net/c/2193816/616684/10034
► Looking for a place to buy stocks in the U.S.? Try M1 Finance for Free using: https://m1finance.8bxp97.net/c/2193816/704943/10646

Follow Us on Social Media:
►Twitter: https://twitter.com/PracticalIF
►Instagram: https://www.instagram.com/practicalislamicfinance
►Facebook: https://www.facebook.com/practicalislamicfinance
►Email: rakaan@practicalislamicfinance.com

Disclaimer: Anything you hear in this podcast is an opinion. It is not to be considered personalized financial advice. Make sure you do your own due diligence before making any investment decisions.


Hosted by Rakaan Kayali, The Practical Islamic Finance Podcast sits at a unique crossroads where faith meets the realities of modern money management. This isn't about abstract theory; it's a grounded conversation for anyone navigating their financial life within an Islamic framework. Each episode tackles the contemporary questions and challenges that arise when principles of halal investing, ethical business, and personal finance intersect with today's dynamic markets and news cycles. You'll hear clear discussions on how to build wealth responsibly, understand the nuances of Sharia-compliant opportunities, and make informed decisions that align with both spiritual values and practical goals. Kayali brings a focused perspective to topics ranging from everyday budgeting and debt to analyzing specific investment vehicles and broader economic trends through a principled lens. The podcast serves as a thoughtful resource for Muslims seeking actionable guidance, as well as anyone curious about the ethical dimensions of finance from this particular viewpoint. It’s a space for learning and reflection, designed to help listeners cultivate financial well-being without compromise. Tune in for straightforward dialogue that makes the often-complex world of Islamic finance accessible and immediately relevant to your life.
Author: Language: English Episodes: 361

The Practical Islamic Finance Podcast
Podcast Episodes
Speedbumps Ahead for the Market [not-audio_url] [/not-audio_url]

Duration: 14:24
► If you enjoyed the episode, please leave us a good review!► More from PIF: https://linktr.ee/practicalislamicfinanceSpeedbumps Ahead for the MarketIn this episode, we will cover: Intro and Market RecapVIX and Volatilit…
When to Sell? [not-audio_url] [/not-audio_url]

Duration: 21:22
► If you enjoyed the episode, please leave us a good review!► More from PIF: https://linktr.ee/practicalislamicfinanceWhen to Sell?In this episode, we will cover:Bitcoin Hits $117K: What Now?Long-Term Hold vs. Profit Opt…
Bitcoin Liftoff! [not-audio_url] [/not-audio_url]

Duration: 15:58
► If you enjoyed the episode, please leave us a good review!► More from PIF: https://linktr.ee/practicalislamicfinanceBitcoin Liftoff!In this episode, we will cover:Bitcoin Breaks $112K, Dogecoin SurgesMarket Recap & Vol…
Another Surprise for the Markets [not-audio_url] [/not-audio_url]

Duration: 12:05
► If you enjoyed the episode, please leave us a good review!► More from PIF: https://linktr.ee/practicalislamicfinanceAnother Surprise for the MarketsIn this episode, we will cover:Intro & Tariff Confusion ContinuesVIX &…
Once in a Lifetime. On Sale. [not-audio_url] [/not-audio_url]

Duration: 34:01
► If you enjoyed the episode, please leave us a good review!► More from PIF: https://linktr.ee/practicalislamicfinanceOnce in a Lifetime. On Sale.In this episode, we will cover:Market Recap & Red Day AnalysisTariff Jitte…
Wen Bitcoin Moon? [not-audio_url] [/not-audio_url]

Duration: 31:29
► If you enjoyed the episode, please leave us a good review!► More from PIF: https://linktr.ee/practicalislamicfinanceWen Bitcoin Moon?In this episode, we will cover:Intro & Market Overview Ahead of July 4thConflicting J…
The Most Expensive Market Ever! [not-audio_url] [/not-audio_url]

Duration: 10:24
► If you enjoyed the episode, please leave us a good review!► More from PIF: https://linktr.ee/practicalislamicfinanceThe Most Expensive Market Ever!In this episode, we will cover:Markets Hit New All-Time HighsBitcoin Bu…
Blind Spot [not-audio_url] [/not-audio_url]

Duration: 8:51
► If you enjoyed the episode, please leave us a good review!► More from PIF: https://linktr.ee/practicalislamicfinanceBlind SpotIn this episode, we will cover:Intro & Market RecapBitcoin Miners Predicting a Move?Solana E…
Calm Before Strom [not-audio_url] [/not-audio_url]

Duration: 9:14
► If you enjoyed the episode, please leave us a good review!► More from PIF: https://linktr.ee/practicalislamicfinanceCalm Before StromIn this episode, we will cover:Intro & S&P Hits New All-Time HighTesla Robotaxi Week…
Bull Thesis 🚀 [not-audio_url] [/not-audio_url]

Duration: 22:33
► If you enjoyed the episode, please leave us a good review!► More from PIF: https://linktr.ee/practicalislamicfinanceBull Thesis 🚀In this episode, we will cover:Market Recap & Bitdeer Price DropWhat Makes Bitdeer Unique…