The SGT Fatwa Library brings together verified Islamic rulings on Zakat for modern assets — cryptocurrency,
stocks and shares, pension and GPF funds, real estate, and debts and loans. Each fatwa cites its Quran,
Hadith, and scholarly references so you can apply the ruling with confidence, and every entry is available
in six languages — বাংলা, English, العربية, اردو, Bahasa Indonesia and हिन्दी. Use the language buttons
above and the filters below, then open any entry to read the full ruling and the evidence behind it.
Cryptocurrency
Zakat on NFTs
I bought NFTs — some to resell, one purely for my collection. How does zakat apply to NFTs?
Short answer: NFTs are like goods — intention sets the ruling. (a) NFTs bought to resell at profit are trade goods: 2.5% yearly on their realistic market value (what a sale today would fetch). (b) Personal-collection/us…
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Quran: Quran 2:267• Hadith: Bukhari 1, 1464• Fiqh: Permanent Committee; Ibn Baz on trade goods
Cryptocurrency
Meme Coins and Gambling-Like Speculation
Friends chase meme-coin pumps for overnight profit. Is such trading permissible? And what about zakat on coins held this way?
Short answer: (1) Tokens with no real utility or project — whose price moves purely on hype and finding a 'greater fool' — involve gambling-like risk and excessive gharar, tending to impermissibility; evidence-based sch…
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Quran: Quran 5:90; 2:188• Hadith: Muslim 1513, 102• Fiqh: contemporary scholars on gharar/speculation
Cryptocurrency
May Zakat Itself Be Paid in Crypto?
Most of my wealth is in crypto. May I discharge zakat by sending crypto (e.g. USDT) directly, or must I convert to cash first?
Short answer: Yes, with conditions — zakat on money-type wealth may be paid from that wealth or its equivalent value. Conditions: (1) the recipient can actually receive, use or liquidate it, with his consent; (2) the fu…
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Quran: Quran 9:103• Hadith: Bukhari 1395, 1454• Fiqh: Permanent Committee; al-Uthaymin on paying by value
Stocks & Shares
Zakat on Private Company or Partnership Stakes
I am a partner in an unlisted business with no market price for the shares. How do I reckon zakat on my stake?
Short answer: Here you reckon through the company's books: compute the business's zakatable assets (cash + bank + saleable inventory at today's selling price + collectible receivables, minus currently-due liabilities) a…
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Quran: Quran 2:267• Hadith: Sahih al-Bukhari 1464• Fiqh: al-Uthaymin; Permanent Committee; AAOIFI Std 35
Stocks & Shares
Zakat on Money Blocked in an IPO Application
My money is blocked in an IPO application — adjusted if allotted, refunded if not. If my zakat day falls in between, how is it counted?
Short answer: While blocked, the money is still yours — it returns either as shares or as cash; ownership was never lost. So on your zakat day include the amount with your other wealth and pay 2.5%. Once shares are allo…
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Quran: Quran 9:103• Hadith: Bukhari 1454; athar of Uthman• Fiqh: Permanent Committee on strong debts
Real Estate
Mortgaged Land and Usufruct-Mortgage (Bhogbondhok)
Land is mortgaged as loan security — in the common rural 'bhogbondhok', the lender farms the land and keeps the produce. What are the rulings and zakat here?
Short answer: (1) Mortgaged land remains the owner's — personal/agricultural land keeps its usual rules (no zakat on value; ushr on crops), and trade-goods land stays zakatable at market value despite the mortgage. (2) …
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Quran: Quran 2:283, 2:275• Hadith: Sahih al-Bukhari 2068• Fiqh: Permanent Committee; Ibn Baz on pledge yield
Real Estate
Zakat on a Land-for-Flats Developer Deal
I gave my land to a developer for a share of flats; construction is ongoing. What is the zakat reckoning now and after handover?
Short answer: It follows intention: (a) flats for your own/family residence — no zakat, during construction or after; (b) intended for renting — no zakat on the flats' value, only on accumulated rent after handover; (c)…
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Quran: Quran 2:267• Hadith: Bukhari 1, 1464• Fiqh: Permanent Committee; Ibn Baz on real estate
Pension & GPF
Zakat on Life Insurance Policy Savings
I have paid life insurance premiums for years; at maturity I get my deposits plus bonus. What is the ruling and the zakat on this policy?
Short answer: (1) Conventional life insurance combines riba and excessive uncertainty (gharar), so evidence-based scholars ruled it impermissible — do not start new policies and exit existing ones where possible; the sh…
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Quran: Quran 2:275, 2:279; 5:2• Hadith: Sahih Muslim 1513, prohibition of gharar• Fiqh: Permanent Committee; Ibn Baz on insurance/takaful
Pension & GPF
Zakat on Savings Certificates and Their 'Profit'
I bought government savings certificates with my retirement money — they pay a fixed quarterly profit. What is the ruling on zakat and on that profit?
Short answer: (1) The principal of savings certificates is your wealth — since early encashment is possible, add it yearly to your other cash and pay 2.5% zakat. (2) The fixed-rate 'profit' is contractual increase on a …
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Quran: Quran 2:275, 2:279• Hadith: Sahih Muslim 1598• Fiqh: Permanent Committee; Ibn Baz
Debts & Loans
Zakat on Installment-Sale Receivables
My shop sells on installments — large receivables have accumulated. How do I count them in business zakat? Is charging a higher installment price permissible?
Short answer: (1) Receivables from solvent, regularly-paying customers are 'strong debts' — add the full outstanding price (future installments included) to your yearly business-zakat base (cash + inventory + receivable…
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Quran: Quran 2:275, 2:282, 2:267• Hadith: Sahih al-Bukhari 2068• Fiqh: Permanent Committee; al-Uthaymin
Debts & Loans
Zakat on Unpaid Mahr
My mahr is not fully paid — part is overdue, part set as payable on demand/deferred. As the wife, do I owe zakat on this receivable?
Short answer: Mahr is a debt owed by the husband to the wife — reckoned by the debt rules: (a) a solvent husband who would pay on request makes it a 'strong debt': if you hold nisab, add it yearly to your reckoning (or …
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Quran: Quran 4:4• Hadith: Sahih al-Bukhari 2387• Fiqh: Permanent Committee; Ibn Baz on debt zakat
Cryptocurrency
Zakat When Paid a Salary in Crypto
I receive my freelance/remote-work payments in crypto (USDT etc.). How do I reckon zakat on this income?
Short answer: Crypto wages take the same ruling as a cash salary — zakat is on savings, not income. What you spend carries no zakat; whatever survives in your wallet on your zakat day is added to your other cash and pai…
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Quran: Quran 2:267• Hadith: Bukhari 1454; Ibn Majah 1792• Fiqh: Ibn Baz; al-Uthaymin on salary zakat