Baitulmaal is your place for Islamic giving
- More information on zakat (external link opens in new window)
- The nisab is $5,309 based on gold prices on March 31, 2022
- Donations are zakat-eligible
- For real estate bought as rental property, 5% of the rent is owed as part of your zakat-ul-maal if the rent amount is a significant portion of your income)=.
- For retirement plans, such as 401Ks and Roth IRAs, pay zakat-ul-maal once when you receive it and add 10% of net profit.