How to Calculate Zakat | A Really Simple Guide

Zakat calculation can be tricky, but in this video we have packed in pretty much everything you need to know to do your zakat inshAllah. Our Zakat Calculator link is below. This is the IFG Zakat Calculator: http://islamicfinanceguru.com/calcula... (we don't take a penny in any admin fee, and you get a free portfolio health check while you're at it) This is our detailed Zakat Guide and FAQ: https://www.islamicfinanceguru.com/ca... A quick clarification which I should have made in the video at 04:12 - the mainstream hanafi position is to pay zakat on gold and silver that you wear as well. On this particular point we adopted the view of the other madahib. So go with what you are comfortable with. -------- 💌 Sign up to our email newsletter - https://www.islamicfinanceguru.com/su... 🌍 Our website - https://www.islamicfinanceguru.com 💬 Our Stocks Telegram Chat Group: https://t.me/joinchat/Ee7JEmwXhgJTZWaE 💬Our Property/Fixed Returns Telegram Chat Group: https://t.me/joinchat/GkI7lbqX7aEAioqq 💬Our Crypto Chat Group: https://t.me/joinchat/GNNCP-rf_KeaW3EA -------- TIMESTAMPS 00:00 - Introduction 01:22 - What is zakat 02:27 - When do you have to pay zakat? 04:00 - What assets do you need to pay zakat on? 04:52 - Zakat on your business 05:12 - Zakat on stocks and shares 05:57 - Zakat on funds, mutual funds and pensions 06:20 - Zakat on property 06:36 - Zakat on crypto, cryptocurrencies, bitcoin 07:10 - Zakat on debts you are owed 07:18 - Zakat on money you owe 07:36 - the best place to calculate zakat 08:30 - What to look for in a charity before donating 10:30 - Giving Zakat to NZF or Islamic Relief 11:14 - Conclusions -------- Who are we: We are two Oxford grads who have studied Islamic finance both at uni and classically for over 6 years. We quit our corporate law jobs to go full-time on IFG in 2020. We are on a mission to help 25% of the world's population with their personal finances. Islamic Finance Guru (IFG) is an Islamic finance comparison and analysis site that helps people with their investment, personal finance and entrepreneurial journeys. We do this for one reason: to make our community better-off. We want to take Muslims from being among the poorest in society to the richest. We think that this is the most effective way to deal with problems like discrimination, under-representation and poverty. For more about the team visit: https://www.islamicfinanceguru.com/ab... -------- 🌍 Our website / blog - https://www.islamicfinanceguru.com 🙆🏻‍♂️ Our IFG Angel Investing Syndicate - https://www.islamicfinanceguru.com/st... To get 📕 Islamic Wills in the UK - http://wills.islamicfinanceguru.com/ 👨🏼‍🏫 Our Investing Courses - https://www.islamicfinanceguru.com/co... 🎙Our weekly podcast - https://www.islamicfinanceguru.com/po... 👔 Linkedin:   / islamicfinanceguru   🐦 Twitter -   / ifguru   📕 Facebook -   / islamicfinanceguru   📸 Instagram -   / islamicfinanceguru   -------- Our most popular videos: How to invest like the 1%:    • Invest Like The 1% - Copy Their Secret Inv...   Is Share Investing Haram or Halal?    • Is Share Investing Halal or Haram?   -------- Get in Touch: If you’d like to talk or have any questions or requests, we’d love to hear from you. Tweeting @IFguru directly will be the quickest way to get a response, but if your question is more complex, feel free to drop us a line on our Forum http://forum.islamicfinanceguru.com/ - we and the muftis on the forum try our respond to everyone! #zakat #calculator #ramadan #investment #startup #investing#shariacompliant #halalinvesting #halalinvestment #islamicfinance #ifg