FatwaPerlisZakat
Fatwa Zakat Ke Atas Aset Digital Bitcoin (BTC)
Is zakat payable on Bitcoin and how is it calculated?
Short answer
The Perlis State Fatwa Committee ruled that Bitcoin is subject to zakat once the haul and nisab are met, because it is treated as trade goods ('urudh al-tijarah).
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Perlis State Mufti Department
- Status
- Fatwa committee decision
- Series
- Himpunan Fatwa Negeri Perlis
- Topic
- Zakat
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Perlis State Fatwa Committee ruled that Bitcoin is subject to zakat once the haul and nisab are met, because it is treated as trade goods ('urudh al-tijarah). The amount is calculated from the lowest value of the BTC units held during the year multiplied by the number of units, plus trading profits for the year, then multiplied by 2.5 percent. Payment may be made in cash value or in BTC units.
Written in our own words from the original fatwa — check the source before acting on it.
Jawatankuasa Fatwa Negeri Perlis berpendapat Bitcoin dikenakan zakat apabila mencukupi haul dan nisab di atas sifat ia adalah 'Urudh al-Tijarah.
Read the full fatwa on the Perlis website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Perlis State Mufti Department. “Fatwa Zakat Ke Atas Aset Digital Bitcoin (BTC)”, date not stated. https://muftiperlis.gov.my/index.php/himpunan-fatwa-negeri/217-fatwa-zakat-ke-atas-aset-digital-bitcoin-btc. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/zakat-on-bitcoin-digital-asset/