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
When Your Child Rejects Islam: A Guide for Muslim Parents
A welcome message to new Muslims
Making up for Years of Missed Prayer
A Pledge with Allah Should Be Esteemed
Can We Feel Joy While Oppressed Muslims Are Suffering?
Proofs of Muhammad’s Prophethood
Helping People: A Sign of Allah’s Favor
Vaginal Discharges and Prayer
Qualities to Look for in a Spouse
Religious Human Rights & the Qur’an
Top Reading