Zakat and purification

Do I pay zakat on NFTs?

Answered by the ShariaQuant team

If you bought it intending to resell it, it is trade goods and you pay 2.5% of what it is worth on your zakat date. If you hold it as a personal item with no resale intention, the majority view is that no zakat is due, the same way your car is exempt.

How to calculate zakat on crypto

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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