Zakat on Cryptocurrency – Explained Simply
Cryptocurrency is a modern asset, but Islamic scholars agree it is zakatable. If you own crypto for one year, Zakat is due.
Cryptocurrency such as Bitcoin, Ethereum, and others is zakatable wealth. If you have held crypto above nisab for one lunar year, Zakat is due at 2.5%.
Is Crypto Zakatable?
Yes—most scholars agree.
Although cryptocurrency is new, scholars apply established Zakat principles. Crypto is considered tradeable wealth similar to cash, gold, or shares. If you own it and it is above nisab for one year, Zakat applies.
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