Other-News
By Dan Saada
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Muslims holding cryptocurrency must pay zakat at 2.5% of their total digital wealth during Ramadan 2026.
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Calculating zakat on Bitcoin, Ethereum, and altcoins gets tricky fast. Market values swing wildly, sometimes dropping 20% in a single day or surging just as quickly.
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The nisab threshold still applies - that's roughly 85 grams of gold worth of wealth before zakat kicks in.
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Imam Hassan Al-Mahmoud from the Dubai Islamic Finance Institute said crypto zakat "isn't optional anymore - too many Muslims own digital assets to ignore.
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Major Islamic banks started offering zakat calculation tools that include crypto portfolios.
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Regional differences matter a lot. Saudi Arabia's religious authorities issued detailed crypto zakat guidelines in 2025, while Pakistan's clerics remain split on whether certain…
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Financial literacy becomes crucial here. Many Muslims own crypto but don't really understand how it works or how to value their holdings accurately.
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Zakat money from crypto holdings is already making a real impact. The Zakat Foundation of America reported that crypto-derived donations jumped 400% in 2025, funding everything…
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Some sticky issues remain unresolved. What about NFTs - are they wealth or just digital art? How do you handle staking rewards that compound daily?
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Privacy coins like Monero create their own headaches. Some Muslims avoid them entirely because tracking becomes nearly impossible.
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Exchange hacks and lost private keys complicate things too. If your crypto disappears through no fault of your own, do you still owe zakat on paper gains?
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Ramadan 2026 will be a test case for how well these new practices work at scale. Mosques are preparing special zakat collection systems that can handle crypto donations directly.
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Younger Muslims seem more comfortable mixing faith and fintech. They're building apps, creating educational content, and pushing their communities toward crypto adoption.
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No major Islamic financial body has issued comprehensive crypto zakat guidelines yet. Individual scholars and regional authorities provide piecemeal advice, but Muslims want…
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