When calculating Zakat on money, should the dollar be converted at the black market rate or the bank rate?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The fundamental principle is that should be given from the same type of wealth one possesses (for example: dollars for dollars). If you wish to give it in another currency, it should be at a rate that best serves the interests of the poor.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/44143
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- Original fatwa ID
- 44143
- Imported
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