What if one owes Zakat on a retirement account that one can’t pay?
The Fiqh Council of North America has ruled the following on this topic:If one’s due Zakat payment on such an account exceeds what one has the means to pay from […]
Is Zakat owed on retirement accounts, such as a 401K?
Yes, if one has full, free access to the account.
Is it permissible in Islam for a person to take a loan on his own 401k and pay it back with interest?
According to the fatawa of Fatwa of Dr. Main Khalid Al-Qudah, a Member of the Fatwa Committee of the Assembly of Muslim Jurists in America: Borrowing from your 401(K) is […]
