Every year Muslims donate over £100 million during Ramadan in the UK, and a sizeable portion of that is zakat.
But what many people overlook is that zakat is also due on investments and business assets, not just on your cash surplus.
In this The Halal Money Show segment, host Ibrahim Khan looks at what asset classes you need to pay zakat on. Watch the full episode “Zakat on investments: all you need to know” to find out more.
Hosted by Ibrahim Khan, The Halal Money Show is on Islam Channel every Wednesday at 8pm. In the series, he looks at different themes around Islamic finance. Each episode includes explainers and discussions with halal finance experts.
The series is sponsored by Wayhome, the new halal way to buy a home.
