Zakat On Crypto Investment
Also crypto currency is just like gold and other currencies like dollar etc so it should be considered in wealth why do we consider it in production. We buy coins it’s value increase with time. Same as price of gold and dollar increases. Kindly guide in detail about Crypto
@UmerQureshi so meone buys a plot for 1 lac it’s price increase to 1 lac 40 thousand after 2 months he sells that and buys another plot for 1 lac 40 thousand and then sells it when it’s price increases. What would be the applicability of Zakat in this case? Zakat on production will be applied if it crosses the nisab?