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Zakat On Retirement Fund 401(k)
According to Islamic guidance, what is the ruling concerning zakat for a retirement fund, such as a 401(k)? You are currently employed but intend to retire in a few years and plan to rely on your 401(k) income upon retirement. Suppose you have accumulated $500,000 in your 401(k). Is it obligatory for you to pay zakat on this amount?
JazakAllah
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Zakat On Retirement Fund 401(k)
updated 1 month, 4 weeks ago
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