Dr. Monzer Kahf, a prominent Muslim economist and counselor, answers: “Allah the Almighty is a lot more lenient and merciful to us than what we sometimes impose to ourselves. We don’t have to sell at a loss to pay Zakah. We can wait until prices become reasonable to sell, then pay Zakah. This is if we cannot pay it from other sources of income and forms of wealth without sin. For the time being, it is advised to make better planning if you can”
Selling Stocks to Pay Zakah
Did you like this content?
Recommended
Defending Jerusalem: A Sacred Duty for Muslims Worldwide
The Tragedy of Al-Aqsa Mosque: Its Significance and Muslims’ Duty to Protect It
Rights & Duties of the Wife and the Husband
Istikhara Prayer: Rules & Signs of Response
How to Introduce Islam to Non-Muslims
Religious Human Rights & the Qur’an
Innovations on the Last Wednesday of Safar
The Five Daily Prayers: Any Mention in the Qur’an?
The Concept of Luck in Islam
Sleeping after Fajr and `Asr Prayers
Top Reading