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Azzad Asset Management - Halal Investments, business retirement plans, manage your endowment, Financial Planning, Wealth Management, Retirement Accounts, Zakah Calculation, Estate Planning

Calculating Zakah on Financial Assets

Calculating Zakah on Financial Assets

Zakah refers to the act of purifying one’s wealth by giving a portion of it to those in need. When calculating zakah, many questions can arise: Do I owe zakah on my IRA? How about my 401(k) plan at work? What if interest-bearing bonds are part of the default investment option in my 401(k)? This presentation offers a brief introduction to the methodology for calculating zakah on modern financial assets.

Contact us for more information about our zakah and purification calculation guidelines. You can also request an Azzad investment advisor to speak about zakah and halal investing at your mosque or community center.

You can watch an extended version of this presentation, including a question and answer session with webinar attendees, on our webinar page.

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The views expressed are those of Azzad Asset Management. These views are subject to change at any time in response to changing circumstances in the markets and are not intended to predict or guarantee the future performance of any individual security or the markets generally, nor are they intended to predict the future performance of any Azzad account, strategy or fund.

Diversification, asset allocation and rebalancing cannot assure or guarantee better performance and cannot eliminate the risk of investment losses.

The information provided is for general information purposes only and should not be considered an individualized recommendation or advice. Azzad Asset Management makes no representations or warranties with respect to the accuracy or completeness of the information provided. Any illustrations are for hypothetical purposes only. Holdings are subject to change.

We strongly recommend you consult with your tax advisor for more information about your particular tax situation.

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The services and products described on this website are intended to be made available only to U.S. persons. This website does not constitute an offer or solicitation by Azzad of securities or services to any person residing outside the United States or in any jurisdiction in which such an offer or solicitation would be unlawful under the applicable laws. Before becoming a client, please read our firm’s Part 2A of form ADV (“Part 2”), Appendix 1 of the Firm Brochure (“Wrap Brochure”), your representative’s Part 2B if applicable, and our Part 3 CRS Form. If you are an ERISA client, you should also read our Section 408(b)(2) disclosure. These and other important disclosures can be mailed to you by calling 888.862.9923.

Please consider a fund’s objectives, risks, charges and expenses carefully before you invest. The prospectus contains this and other important information. For a hard copy, please call 1-888-350-3369. Please read the prospectus carefully before investing or sending money. Nothing on this website should be considered a solicitation to buy, an offer to sell, or a recommendation for any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful. The Azzad Funds are self-distributed; Azzad Asset Management serves as the investment adviser.

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