Is Zakat owed on retirement accounts, such as a 401(k)?

09.03.23
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PostedMarch 9, 2023

UpdatedMarch 9, 2023

Yes, if one has full, free access to the account.

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الَّذِينَ يُنفِقُونَ أَمْوَالَهُم بِاللَّيْلِ وَالنَّهَارِ سِرًّا وَعَلَانِيَةً فَلَهُمْ أَجْرُهُمْ عِندَ رَبِّهِمْ وَلَا خَوْفٌ عَلَيْهِمْ وَلَا هُمْ يَحْزَنُونَ

Those who spend their wealth in charity day and night, secretly and openly—their reward is with their Lord, and there will be no fear for them, nor will they grieve.”
– The Holy Quran 2:274

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Is Zakat owed on retirement accounts, such as a 401(k)?

Become a part of something more

Subscribe to Our Newsletter

Leadership

More About IAR

Audiences

Featured

Programs

Al-Iman School

An-Noor Quran Academy

Al-Furqan School

Is Zakat owed on retirement accounts, such as a 401(k)?

Become a part of something more

Subscribe to Our Newsletter

Al-Iman
School

An-Noor
Quran Academy

Al-Furqan
School