Search results

@asyaphari Some reading; https://www.islamicfinanceguru.com/articles/how-to-screen-for-halal-sharia-compliant-shares

@jerry7 May Allah make ease for you and improve your situation. My understanding is; 2.5% is due upon total zakatable wealth held for one lunar year. You can deduct reasonable expenses before calculating the amount. You don’t have to pay it all in one payment if it will cause you hardship...

@flourish I believe you can donate the amount of interest received from any source you have ownership of. e.g bank gives £1 interest to your account, you then donate £1 from the cash in your wallet

@tschief There are some limits to the 7% account. “Our Regular Saver account is designed for individuals who wish to save regularly up to £300 per month and don’t require access to their funds for a 12 month period.”...

This is from a UK charity; https://nzf.org.uk/zakat-guides/

@olyagah Zakat is payable upon your total wealth. At a basic level it is 2.5% of your total wealth - but there are rules upon the type of assets and any debts.

@nunon101 Check Al Ryan Bank.

@skyeella Unless you have a crystal ball, buy both. 80% World 20% Japan. Vary the ratio depending upon your risk tolerance. The Japanese stock market has taken almost 35 years to get back to where it was in 1990.