Zakat On Crypto Investment
In summary you will pay 10% zakat on production which is 10,000 in your case after you have realized the gain (once round trip trade is complete). Once a year, you will also pay 2.5% zakat on wealth which includes the total current value of your investments. Please enter appropriate numbers in our Zakat Calculator after reading description for each box as it will tell you exactly how to calculate your zakat. When you reach the end, it will generate a statement showing you exactly what you owe after any applicable deductions, and what percentage was applied to what. It’s also a great way to learn the sharia of zakat. View Zakat Calculator
Please also refer to the video below from 1:18:50 to 1:20:23 https://youtu.be/BwCDPGo_3Kg?t=4730
I guess @faisalharoon bhai has understanding about crypto. Let’s wait for his response
If you have invested in any asset (stocks, crypto currency, gold, real estate, etc.) then it’s considered your wealth and you pay 2.5% on the current value of all your assets once a year if you meet the nisab and other conditions as explained in the Zakat Calculator. However, if you have a trading business where you regularly buy and sell any kind of an asset then for every round trip trade (buy and sell) you pay 5% or 10% production zakat depending on where or not you’re also putting in any significant effort. This is in addition to 2.5% you pay on the total value of your wealth once a year. Again certain conditions apply. One could make an ijtihad and exclude the value of their trading account from the wealth zakat considering it the means of production if that account is dedicated to their business.
I suggest that you take a few minutes to read through the description posted in the Zakat Calculator. It is clearly explained there on the very first screen.
Yea I have gone through that