Assalamualykum
Do I pay zakat on pension that has been invested in equities , this is with pensionbees shariah plan.
Jazakallah
Assalamualykum
Do I pay zakat on pension that has been invested in equities , this is with pensionbees shariah plan.
Jazakallah
Wasalam
May Allah bless you.
According to NZF zakat is due on 26% of the total value of a shariah compliant pension i.e if you have 1k in the pension pot, you will pay 2.5% zakat on £260.
Kind regards
Jazakallah shaykh is this the hanafi stance?