Is Zakat owed on retirement accounts, such as a 401(k)?
Yes, if one has full, free access to the account.
What is the argument for paying Zakat on restricted accounts?
Scholars who contend that one must pay Zakat on restricted accounts hold that one can, in fact, withdraw from a restricted account, even if one incurs a penalty, fees, and […]
Is Zakat owed on retirement accounts, such as a 401K?
Yes, if one has full, free access to the account.
Can you recommend an easy book on how to calculate Zakat?
Please consider reading this simple guide Zakat book as it gives you a wider spectrum on all the questions you had inquired about.
