Zakat and purification

How much do I need to purify?

Answered by the ShariaQuant team

You purify the impermissible share, not the whole return. Take the percentage of the project's income that comes from prohibited sources and apply it to what you received, so a 3% impermissible share on a 100 dollar gain means 3 dollars goes out. Purification is also not a fix for an asset that fails outright.

How to purify non-compliant income

This is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.

More on zakat and purification

Do I have to pay zakat on my crypto?How do I calculate zakat on crypto?Do I owe zakat on gains I have not cashed out?Should I use the gold or the silver nisab?

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