Ppl often ask me about the nisaab (& therefore the zakaat) on Bitcoin. The easiest way to see the nisaab is to go to trading view and type the following: XAUUSD*2.733/BTCUSD You can copy/paste that if you want, & it will show you how much coin you need to be above the nisaab. Once you have that value, count 355 days from that point, & if you have stayed above the daily value you see on the side, then you pay zakaat. Not on ramadhaan, but 355 days from the moment you were above that line (assuming you have no other money). Then just pay 2.5% from that.

What this story & similar stories like it fail to capture are the other factors outside of this oversimplified scenario. It DIDN’T talk about how those men earned their money…What fraction of their wealth their payment was, etc. and I don’t even agree with taxes… https://xcancel.com/alanjlsmith/status/1994379528320192580 The rich guy paid £50, but if it was 0.001% of his net worth, while the 5th guy paid 30% of his net worth, the story is now VERY different. If the 1st-5th guy struggles to pay their bills, while the 10th guy has multiple houses & a private jet, these are VERY different ppl. So from a Muslim perspective, what would be a righteous move is if the 10th guy would just say ‘hey guys, this is on me’ and guy 1-9 would say ‘Maa Shaa Allah!!’ And make duaa for him. Everyone winning. This is how it works with us. And the joke is, this is what you see. Just google search the many MANY videos of Muslims in say Saudi Arabia fighting to pay the bill. That’s ’Karan’, and this civilisation. “Whoever protects his own self from the selfishness of his own soul will be from the successful ones.”

Just updated my LinkedIn profile with what I’ve done this year so far. Alhamdulillah, let’s hope I can do good for the world, especially in bringing Muslims to the Bitcoin anti-Ribaa revolution.