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  1. M

    Zakat

    @saram There are a few methods to calculate zakat due on stocks, with this being one of the simpler ways.
  2. M

    Zakat Obligation - Laid off today

    @kentonio Yes, every year you hold wealth above the nisab value, zakat is due, even if you had paid zakat on it in the prior year. Think of it this way, you are still in a fortunate position to be able to pay zakat and are not in a position to receive it.
  3. M

    Zakat Obligation - Laid off today

    @jerry7 I believe it is just the bills and rent incurred, so this month's expenses, but not next as they are yet to be incurred.
  4. M

    Zakat Obligation - Laid off today

    @jerry7 Wa alaykumus salaam, do you still have those emergency funds, and are they over the nisab value? If not, you pay zakat on wealth you have held for the year, as long as it is over the nisab value (roughly $473.16). If you do have wealth over the nisab value, you can also subtract the...
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