Bitcoin, like most assets and all monetary devices, is subject to Zakat. Put in mind, I'm no expert here, but if Zakat is given on gold and fiat, then Bitcoin must be similar. Your intention here is important as to what part is subject what is not.
If your intention is to acquire Bitcoin as a Store of Value, then, in my opinion, it is subject to 2.5% annually exactly like gold and silver. It can be given in fiat or bitcoin directly.
If, in another scenario, you're a trader, then it gets a bit complicated as you would need to include the fiat you have set aside for trading as well. However, it's still subject to 2.5% annually.
Amrush
npub19x…syr7v
2024-09-09 06:41:26
in reply to nevent1q…as7a
Author Public Key
npub19xfxa9yvujd235ftrcfrmscwka7rnzas4qe9cle247s2sxst8wfq7syr7vPublished at
2024-09-09 06:41:26Event JSON
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"pubkey": "29926e948ce49aa8d12b1e123dc30eb77c398bb0a8325c7f2aafa0a81a0b3b92",
"created_at": 1725864086,
"kind": 1,
"tags": [
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"root"
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[
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"content": "Bitcoin, like most assets and all monetary devices, is subject to Zakat. Put in mind, I'm no expert here, but if Zakat is given on gold and fiat, then Bitcoin must be similar. Your intention here is important as to what part is subject what is not.\n\nIf your intention is to acquire Bitcoin as a Store of Value, then, in my opinion, it is subject to 2.5% annually exactly like gold and silver. It can be given in fiat or bitcoin directly. \n\nIf, in another scenario, you're a trader, then it gets a bit complicated as you would need to include the fiat you have set aside for trading as well. However, it's still subject to 2.5% annually. ",
"sig": "7a2b9ec84be54009283b0541d4e80c62979f6772095ed93d49e1035a1a48a739bdaddef6516a3ad708a3f4f572ffd46e2a415167dbf6c63724ff3197fce2890d"
}