Question Summary: Zakat on bitcoins Question Detail:
right now Bitcoin price is $5,700
Answer :
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
The matter of Bit coin is under consideration. As a matter of precaution, Zakat will have to be paid on the market value of the Bitcoins.
For further read on bitcoins, you may refer to http://www.askimam.org/public/question_detail/39083
And Allah Ta’āla Knows Best
Anas Sharieff Qasmi.
Student Darul Iftaa
Hyderabad, India.
Checked and Approved by, Mufti Ebrahim Desai.
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