I understand that I have to pay zakat on current portfolio value. I have a stock (Argo Blockchain) that is fluctuating heavily in last few weeks ranging from £1.25 to £2.80 roughly. If you have thousands of these shares, you will have varying portfolio value resulting different zakat figure on different days. How do you choose in this case?
If I remember correctly last year I paid zakat based on calculation of 1st of Ramadan. Do I need to follow 1st of Ramadan for this year or it can be any date within Ramadan?
i have a question relating to zakat my crypto portfolio where i trade, short term and some assets which are held for a longer-term strategy. Ive held the assets less than a year, since they are interchanging with different cryptos i buy. Most of my long term crypto assets been held for 9 months the rest are bought and sold when I SEE a profit opportunity. Now the question arises that my----
—crypto wallet is always fluctuating, also i have not held the same amount for a year,for example last may it may be worth 10k£ now today its worth 100k£ some of the assets in the wallet are for longer term investment strategy and I may maybe cash out in next 6 months or so, the others are for trading for short term [profit.How do i work out the zakat? Do i just work out 2.5% on the mkt value today of £100k,even though this value may be on paper for the last few months? And CERTAINLY NOT THE VALUE FOR LAST 12 MONTHS .very confused. Please advise JZK