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Today's Q&A is actually going to be a rather lengthy answer.

It's going to be only one question.

And it is with regards to Zakatat on 401k's

Zakat on retirement funds.

This is a question that I have been asked by many dozens of people

and I've actually given previous lectures about this so today

in shallow we're going to go into a little bit of detail about whether Zakat should be given and how

much you be given and how do we calculate Zakat on retirement funds.

Wamaa a rusal

mean k kibnika I'll la

de jalan no he I'll a him fas alu a hala dikram fas alu a la

dikirim kuntum la ta'lata. Now before we begin I need to point out that this is a topic dealing with Islamic finance and as I have said many many times

Modern Islamic finance is actually a very new field. It's a very interesting feel. It is a field that has a lot of diversity and a lot of different opinions.

And I do not claim to be an expert on Islamic finance, far from it.

I follow those that are senior to me.

So in today's lecture I will be

quoting scholars more senior to me and I will be taking the position that is

advocated by some of my teachers and also the FERC Council of North America, but I have utmost respect for the other

positions out there, and it is up to you obviously to choose your authority.

You should realize that there is a spectrum of opinion and we will be going into those opinions.

Now for those of you that do not want to listen to the entire lectures are going to be

...