Pakistan

[bitgov]

I don't think Kaptaan is against the cryptocurrency, i think he is waiting for the dust to settle before making any decision. And also he hasn't got the time to relax, the PDM has been on the move since the start of his govt, and also i think there is no proper person to guide IK about cryptocurrency, so he is more reluctant to accept the new financial world.

You almost wrote what I was thinking - I wish Kaptan get the right advisor to update him on Crypto and the wonder which crypto can do to the country. But how many people in Pakistan are aware of the crypto -- 20%?- This is surly a big percentage I mentioned. People need to be educated about the crypto and surely there will be good days coming soon.

[UmerIdrees]

jese k India na 30% tax lagaya hai crypto per. To is trhan agar Pakistan 5-10% b tax lagata hai to is se kafi revenue jama ho sakta hai.

Yeh tab dekha jiey ga jab pakistan mein crypto legal hogi tu kitna tax lagay ga, 10% ya 30% ya kuch aur. But abi ramazan aa raaha hay aur hum sab logon ki yeh responsibility hay k humaray pass jitni bhi crypto hay ( Exchanges p, decentralized wallets p, staking p, hardware wallets p) aun sab ko calculate kerain aur ais p 2.5% zakat ada kereian. Aur han there are may zakat calclaulars available online and you can use any of them for your help. Aik example of calculator  is https://www.tcf.org.pk/zakat/zakat-calculator/.

[Sayeds56]

jese k India na 30% tax lagaya hai crypto per. To is trhan agar Pakistan 5-10% b tax lagata hai to is se kafi revenue jama ho sakta hai.

Yeh tab dekha jiey ga jab pakistan mein crypto legal hogi tu kitna tax lagay ga, 10% ya 30% ya kuch aur. But abi ramazan aa raaha hay aur hum sab logon ki yeh responsibility hay k humaray pass jitni bhi crypto hay ( Exchanges p, decentralized wallets p, staking p, hardware wallets p) aun sab ko calculate kerain aur ais p 2.5% zakat ada kereian. Aur han there are may zakat calclaulars available online and you can use any of them for your help. Aik example of calculator  is https://www.tcf.org.pk/zakat/zakat-calculator/.

Thanks Umer Bhai for sharing Zakat calculator. Mere khayl mein aisi Real estate property ( Plot, House or shop ) jo k apki investment ha or ap usko future mein sell kerna chahty han us pe zakat uski market value k hisab se 2.5% zakat pay kena hoti ha mgr mein 100% sure nhi houn ku k es k bary clarity nhi ha . Apka es bary mein kia khayal  ha?

[NoorulHuda]

jese k India na 30% tax lagaya hai crypto per. To is trhan agar Pakistan 5-10% b tax lagata hai to is se kafi revenue jama ho sakta hai.

Yeh tab dekha jiey ga jab pakistan mein crypto legal hogi tu kitna tax lagay ga, 10% ya 30% ya kuch aur. But abi ramazan aa raaha hay aur hum sab logon ki yeh responsibility hay k humaray pass jitni bhi crypto hay ( Exchanges p, decentralized wallets p, staking p, hardware wallets p) aun sab ko calculate kerain aur ais p 2.5% zakat ada kereian. Aur han there are may zakat calclaulars available online and you can use any of them for your help. Aik example of calculator  is https://www.tcf.org.pk/zakat/zakat-calculator/.

G bilkul thk kaha ... Y lazmi hona chahye...
Allah ap k rizq m or barkat daly... Aammeenn

Thanks Umer Bhai for sharing Zakat calculator. Mere khayl mein aisi Real estate property ( Plot, House or shop ) jo k apki investment ha or ap usko future mein sell kerna chahty han us pe zakat uski market value k hisab se 2.5% zakat pay kena hoti ha mgr mein 100% sure nhi houn ku k es k bary clarity nhi ha . Apka es bary mein kia khayal  ha?

G g... Bilkul deni parti h zakat...
Zakat uss property par lagu nai hoti jo ap k zaati istimal m ho...
Or jo ap n jo bt ki wo bilkul thk h...
Or m is bary m clear hun... Baqi phr b link share kar deti hun...
Ta k ap b sure ho jaen... Or baqi b...

https://www.arabnews.com/node/296288
https://islamqa.org/hanafi/daruliftaa-birmingham/87014/zakat-on-a-plot-of-land/

[UmerIdrees]

jese k India na 30% tax lagaya hai crypto per. To is trhan agar Pakistan 5-10% b tax lagata hai to is se kafi revenue jama ho sakta hai.

Yeh tab dekha jiey ga jab pakistan mein crypto legal hogi tu kitna tax lagay ga, 10% ya 30% ya kuch aur. But abi ramazan aa raaha hay aur hum sab logon ki yeh responsibility hay k humaray pass jitni bhi crypto hay ( Exchanges p, decentralized wallets p, staking p, hardware wallets p) aun sab ko calculate kerain aur ais p 2.5% zakat ada kereian. Aur han there are may zakat calclaulars available online and you can use any of them for your help. Aik example of calculator  is https://www.tcf.org.pk/zakat/zakat-calculator/.

Thanks Umer Bhai for sharing Zakat calculator. Mere khayl mein aisi Real estate property ( Plot, House or shop ) jo k apki investment ha or ap usko future mein sell kerna chahty han us pe zakat uski market value k hisab se 2.5% zakat pay kena hoti ha mgr mein 100% sure nhi houn ku k es k bary clarity nhi ha . Apka es bary mein kia khayal  ha?

G syed bhai, agar app nay koi zameen, house/shop ais niyat c buy kia hay k app future mein aus ko profit mein sell kerian ga tu aus p zakat hogi.

Lekin agar app nay ais niyat c plot buy kia k kaal ko you will make you home, tu aus plot p zakat ni. Aisi tarah if you bought house / shop not for selling purpose tu koi zakat ni. Han if you bought them and give them on rent, tu phir rent p zakat hogi sirf, aus plot, shop aur house ki value p ni.
Future mein agar app sell bhi ker detay hein tu jo amount receive hogi gi aus p hogi...kion k jab sell ki niyat hogi tabhi zakat laguu hogi.
I hope I am clear. Thanks

[Sayeds56]

jese k India na 30% tax lagaya hai crypto per. To is trhan agar Pakistan 5-10% b tax lagata hai to is se kafi revenue jama ho sakta hai.

Yeh tab dekha jiey ga jab pakistan mein crypto legal hogi tu kitna tax lagay ga, 10% ya 30% ya kuch aur. But abi ramazan aa raaha hay aur hum sab logon ki yeh responsibility hay k humaray pass jitni bhi crypto hay ( Exchanges p, decentralized wallets p, staking p, hardware wallets p) aun sab ko calculate kerain aur ais p 2.5% zakat ada kereian. Aur han there are may zakat calclaulars available online and you can use any of them for your help. Aik example of calculator  is https://www.tcf.org.pk/zakat/zakat-calculator/.

Thanks Umer Bhai for sharing Zakat calculator. Mere khayl mein aisi Real estate property ( Plot, House or shop ) jo k apki investment ha or ap usko future mein sell kerna chahty han us pe zakat uski market value k hisab se 2.5% zakat pay kena hoti ha mgr mein 100% sure nhi houn ku k es k bary clarity nhi ha . Apka es bary mein kia khayal  ha?

G syed bhai, agar app nay koi zameen, house/shop ais niyat c buy kia hay k app future mein aus ko profit mein sell kerian ga tu aus p zakat hogi.

Lekin agar app nay ais niyat c plot buy kia k kaal ko you will make you home, tu aus plot p zakat ni. Aisi tarah if you bought house / shop not for selling purpose tu koi zakat ni. Han if you bought them and give them on rent, tu phir rent p zakat hogi sirf, aus plot, shop aur house ki value p ni.
Future mein agar app sell bhi ker detay hein tu jo amount receive hogi gi aus p hogi...kion k jab sell ki niyat hogi tabhi zakat laguu hogi.
I hope I am clear. Thanks

JAZAK ALLHA, Umer Bhai and Miss NooruHuda.

[UmerIdrees]

Bitcoin is more trackable than fiat. Sab kuch blockchain p transparent hay. Jo yeh kehtay hein k governments bitcoin is leiy use ni kerti kion k yeh track ni ho saktha, its a false myth. Yahan p loggon ka alt accounts pakaray jatay hein crypto transactions p aur hum baat kertay hein k track ni ho saktay  

I have said I might be wrong. Because y mera low knowledge h ... M yhi sunti ai hun...
Iss liye y kaha m n k not easy to track..  
Ab kuch boli hun to knowledge mila ap s... Nai to ap to retirement dy k frar hony lagy thy...

Han yehi dekh k mein apni retirement postponed kr di hay k abhi app logon ko bohat sara knowledge dena baqi hy.  

Juldi juldi saray sawal pooch lo takay mein bhi retirement wali life ka maza loon ...

[NoorulHuda]

JAZAK ALLHA, Umer Bhai and Miss NooruHuda.

Aammeenn sir... And One more thing sir if you don't mind...
Larki yaa orat k liye ... JAZAKILLAH use hota yani mard k liye kaaf par zabar or orat k liye zer...

Han yehi dekh k mein apni retirement postponed kr di hay k abhi app logon ko bohat sara knowledge dena baqi hy. 

Juldi juldi saray sawal pooch lo takay mein bhi retirement wali life ka maza loon ...

Itni jaldi b kaya h ...
Abhi sath sath hi chaly gaa...
Or retirement kaa to sochen b mat ...
Sayeds sir ki age dekhi h... Retirement un ko nai mili to ap ki to banti hi nai h ...

[MFahad]

Yaha par kuch sathio ne Zakaat k baare ma kuch masle bian kiye. Umar idrees sahib ne bhot acha jawab diya. Yaha par ma aona knowledge b Share krna chahta ho.

Zakaat k baare ma bunyadi bath ye k ha

zakaat kis par wajib ha


Har muslman,Aaqil,Baligh jb us k pas utna paisa aa jae jo zakaat ki nissab ko pohnch jae aur saal guzar jae.

Nisaab
Zakaat ka nisaab 7 1/2 tola sona ya 52 1/2 tola chandi ya etne miqdaar ma maal ho.

Asal nisaab sona aur chandi ha. Aur har zamane ma chon k qeemat badalti rehte ha kehaza sone aur chandi ma jis ki qeemat km honge wohi nisaab shumar hoga

Maslan 52 1/2 tola chandi ki qeemat 75k ha ajkal taqreban Aur 7 1/2 ki qeemat 7 lakh+ tho hisaab chandi ka higa aur 1 tola sona par b zakaat wajib higa

Agr kal ko chandinki qeemat 3 lakh aur sone ki qeemat 2 lak ho tho hisaab chandi ka lagaya jaega

Mukhtasar ye k jis ki qeemat km ho usi ka hisaab higa. Esi ma ghareebo ka faida ha.

Note: zakaat 5 cheezo par wajib hotha ha
1: Sona 2: Chandi 3: Naqd maal 4: zrorat se zaid samaan 5: karOborY samaan
Jb zakaat nekala jae tho en tamam cheezo ki qeemat ko jama kiya jae aur qarz ko us se minus kiya jae.

Karobar aur dukan ma sirf us maal pe zakaat Hoga jo sell K liye ho. Machines jis se maal bnta ho ya shop par zakaat na hoga.

http://Kb Wajib ha:
Jb saal pora hi jae thb zakaat dina farz ha maut se pehle mgr jaldi krna behter ha.

Note: ye bath smaj le k jis din ap k pas etna maal aa gia k us ki qeemat nisaab ko pohnch gai wo date note krna lazmi ha. Ye date poori umar k liye apka zakaat date hogia.
Es date ko islami date ma convert kre.
Ab jb b ye islami date ae tho ap ne apne tamam Nisaab k hisaab Krna ha aur 2.5% hisa dina ha.

Agr kisi ko date yad nhe tho wo poori koshish kre k thareekh yad kre agr belkul pata na chalta ho tho mahina yad kre ayr mahine ki koi tareekh khud muntakhab farmae.
Agr mahine ka b pata na chle tho per koi b tareekh muntakhab kre mgr note kr le q k Esi din hee tamam hisaab lagana higa.

Maslan apka date 12 jan 2021 aisa date tha k ao k pas nisaab poora hwa tha tho ap ne esko islami date ma convert krna ha maslan 6 Rajab bna tho agle saal 6 rajab ko apne tamam samaan k hisaab lagana ha.

Agr kisi k pas 5 rajab ko 20k Rupees the only mgr 6 Rajab ko 10 Btc agae tho per zakaat 10 btc ka lagaya jaega.

Esi tarah agr kisi pas 5 rajab ko 500 Btc the mgr 5 rajab he ko km ho k 20k only rehgae tho zakaat wajib na hoga.


Note: Saal guzarne ka matlb ye nhe k usi maal par saal guzar jae balke matlb ye saal guzarne k bad usi tareekh ko dikha jaega k ap k pas nisaab pora ha ya nhe

Ada kb krna ha.
Jaise he Wajib ho us waqt ad kre tho behter ha Ramzan thk wait zrori nhe. Ha ramzan ma sawaab ziada ha.
Agar kisi ne 5 saal ka zakaat ada nhe kiya tho sb saalo ka zakaaat ada krna zrori ha maut se pehle. aur hisaab hr saal ka agr sona tho jis saal wajib hwa rhe usi hisaab se lagaya jaega.


Aur kis ko dina ha

Wese tho 8 marig quran ma bian hi chke ha. Mgr mukhhtasAr ye k hr wo shaks jo khud nisaab ka malik na ho aur musalan hi de sakte ha. Bhai ya behen ko zakaat de sakte ha agr ghareeb ho ya qrz .
Baap,Dada,maa,nani aur aulaad ko nhe de sakte. Masjid ma nhe de sakte q k maalik bnana shart ha ha madrassa ma de
sakte ha

Sawaab
Porri dunya ka maal sadqa kro , zakaat k 1 rupe k sawaab se km ha es liye jO zakaat farz ha aur farz thk koi ibadat nhe oihnch skati jo nafli ho.

[Cosmic Beyonders]

Well, Big news. This news made btc able to break resistance market sentiments are Bullish.
In the coming days Ela selva, 1 Billion BTC bonds will be Sold very soon a date was extended i think so, whenever this news will be in-market the market can take an upto 20% upward movement may be.

One more thing Luna made some changes in its UST minting system where when 1 UST minted
 1$ worth of Luna are burned but now 60% will be burned and 40% will goes to buy BTC.
Luna aims to 10Billion BTC buy for UST reserve in a critical situation.

Market is bullish this week may be market may hit 45K soon

Read Only 

Well Binance community is too big to join Launchpad tokens for profit booking. But you can try luck on OKX they introduced JUMPPADs same as Launchpads they successfully launched their first Project may be Profitable for us in the future as well if we join.
No recommendation just information.
 

[shahzadafzal]

Sab s phly to m punjabi bht achy s smj leti hun...
Or m n y misal sirf Kala bhag dam ki waja s d...
Or ap thk khty hen... M b zara punjabi m ik mhawra bol deti hun... Ethy ty itt patto ty wadera niklda a..

Oh ho ho impressed! Ma Sha Allah tusin great o!

Y to sai hero ban gaya h...
Chalen g Allah kary is ki mhnten rang ly aen... Aammeenn

Hero tu ye hai so called he sahi but mehnat ab koi rang shang nahi laai wese. Al though its a good video but I suspect the more I watched the video the more I realized it looks like a self-promotion. I don't know but I felt it.

Koi bhi 100% good ya bad ni hota. I think  waqar zaka ki kuch batein achi bhi hein aur kuch sai ni bhi hein

Pros:
1) He is giving crypto awareness in 10$ per month jo k bohat cheap price hy.
2) He is fighting to make crypto legal

Cons:
1) He has some hidden agenda to promote his coin/exchanges
2) He is promoting future trading , new traders must be losing a lot
3) Woh trading sikka ni raha, he wants k you become his student forever and fazool batein like trading signals through astrology etc

I agree to your this pro 2 point yes he's doing his best to make it legal and taking $10 for awareness I think it's not a Pros but con.

All the cons are 100% true and I agree with you but sab batoan ki aik baat "andhon main kaana raja" jab hamary pass aur hai he koi nahi tu phir yehi hamara hero bhi aur yehi zero bhi

Yeh tab dekha jiey ga jab pakistan mein crypto legal hogi tu kitna tax lagay ga, 10% ya 30% ya kuch aur. But abi ramazan aa raaha hay aur hum sab logon ki yeh responsibility hay k humaray pass jitni bhi crypto hay ( Exchanges p, decentralized wallets p, staking p, hardware wallets p) aun sab ko calculate kerain aur ais p 2.5% zakat ada kereian. Aur han there are may zakat calclaulars available online and you can use any of them for your help. Aik example of calculator  is https://www.tcf.org.pk/zakat/zakat-calculator/.

Thanks Umer Bhai for sharing Zakat calculator. Mere khayl mein aisi Real estate property ( Plot, House or shop ) jo k apki investment ha or ap usko future mein sell kerna chahty han us pe zakat uski market value k hisab se 2.5% zakat pay kena hoti ha mgr mein 100% sure nhi houn ku k es k bary clarity nhi ha . Apka es bary mein kia khayal  ha?

Thank you Umer bro for sharing and reminding us about zakat.

Yes Sayed bhai mera point of view bhi same he hai regarding crypto currencies or bitcoin one can ask "does bitcoin have intrinsic value?" the short and simper answer will be NO. So how you calculate zakat on something what does not have a intrinsic value?

Well this has been in discussion among many Muslims and scholars still unable to give any "fatwa" regarding Bitcoin/Crypto currencies. Since there is no clear fatwa or any Islamic scholar of any faith now it's upto you what you decide for yourself and this matter will be between you and Allah. and may Allah forgive us for any wrong doing we did knowingly or unknowingly. Aaameen

As a precautionary I will suggest at least give zakat based on your original investment.

Yaha par kuch sathio ne Zakaat k baare ma kuch masle bian kiye. Umar idrees sahib ne bhot acha jawab diya. Yaha par ma aona knowledge b Share krna chahta ho.

Zakaat k baare ma bunyadi bath ye k ha

zakaat kis par wajib ha


Har muslman,Aaqil,Baligh jb us k pas utna paisa aa jae jo zakaat ki nissab ko pohnch jae aur saal guzar jae.
....

Note: Saal guzarne ka matlb ye nhe k usi maal par saal guzar jae balke matlb ye saal guzarne k bad usi tareekh ko dikha jaega k ap k pas nisaab pora ha ya nhe
...

Thank you MFahad brother for such detailed explaination.

Regarding the year term ap bilkul sahi zakat foran wajib ho jati hai jese he saal pora ho.  hamaray han jo concept hia ramzan main he zakat dene ka ye sirf hamari sahulat k liye tak ham easily hisab rakh sakain apne properties aur zakat ka maksaq Allah k diye hoey maal main se ghareeb aur haqdaaq ko daina ab agar ham ye time pe dein tu pora sal kisi na kisi ghareeb ko uska haq milta rahay ga... magar kion k poray Pakistan main zakat sirf ramdan main nikali jati tu tu aik kisam se ye saray saal ka silsila simat kar ramdan main aa jata hia .


regarding property Ma Sha Allah very happy to see we all are aware. I will just add anything under you daily use "jo bhi zeristemal chezin hain" us pe zakat wajib nahi. This includes even gold. For example ap k pass kuch gold hai aur ap daily wear karti hian jese chorian, locket, bracelet any thing, us pe bhi zakat wajib nahi beshak wo nisab se zaida ho. Likan kion k ye bahoot he bahoot he sensitive issue hai aur ham Pakistani ka gold hamisha he investment ki niyat se hota hai tu zahir hia hamin zakat deni paray gi. aur wese bhi hamari aurtain gold ko sambhal sambhal k rakhin thin tu wo kisi sorat daily wear main count nahi ho sakta.

Same applies to your property, apka ghar apki gari waghaira us pe zakat nahi wajib nahi

https://i.imgur.com/0wBHF97.png

Well, Big news. This news made btc able to break resistance market sentiments are Bullish.
In the coming days Ela selva, 1 Billion BTC bonds will be Sold very soon a date was extended i think so, whenever this news will be in-market the market can take an upto 20% upward movement may be.
 

yes dear it is a positive news you can say but I don't this news is the reason but this pump. Because Malaysia is a very small market I don't think their market can effect the price of bitcoin/crypto currencies internationally.

[yawars20]

عورت
جب پردہ کرتی ہے تو وہ حقیقتاً
 ایک سو ستر بلین ڈالر کی فیشن
                       انڈسٹری پر لعنت بھیجتی ہے-

Sorry out of topic hun ...
Par bt achi lagi to share ki...

Mashallah Kya khob Kaha

[yawars20]

Nice going for $BTC as the Bullish is full control. Stay tune for more Updates.



Source: https://twitter.com/CryptoFaibik/status/1506126279027961856

[UmerIdrees]

Yes Sayed bhai mera point of view bhi same he hai regarding crypto currencies or bitcoin one can ask "does bitcoin have intrinsic value?" the short and simper answer will be NO. So how you calculate zakat on something what does not have a intrinsic value?

Well this has been in discussion among many Muslims and scholars still unable to give any "fatwa" regarding Bitcoin/Crypto currencies. Since there is no clear fatwa or any Islamic scholar of any faith now it's upto you what you decide for yourself and this matter will be between you and Allah. and may Allah forgive us for any wrong doing we did knowingly or unknowingly. Aaameen

As a precautionary I will suggest at least give zakat based on your original investment.

I am totally failed to understand what do you mean by intrinsic value and how can you say k we don't give zakat on crypto or give zakat based on original investment? Same goes for dollar. Agar dollar app kay pass Rs 100 ka hay tu u will not calculate Rs 100 in 2022. You will calculate it as Rs180

App nay gold 20 years phelay buy kia hay tu app 20 year old wali price  ni lein gay bilkay current price lein gay.
App nay agar plot / house selling kay liey is hay tu purchase price ni lein gay, current price calculate kr k zakat dein gay.
Similiary agar app nay  bitcoins 20,000$ kay buy kiey hein 2017 mein tu 2022 mein jo rate hay 40,000$ kay hisab c calculate hoga.
Mutlab kay agar app 1st ramazan ko calculate kertay hein tu 1st ramadan ko Rupees, bitcoin, crypto, dollar, plot, gold aur silver ki jo bhi value hogi, aus kay mutabiq zakat bunay gii.

regarding property Ma Sha Allah very happy to see we all are aware. I will just add anything under you daily use "jo bhi zeristemal chezin hain" us pe zakat wajib nahi. This includes even gold. For example ap k pass kuch gold hai aur ap daily wear karti hian jese chorian, locket, bracelet any thing, us pe bhi zakat wajib nahi beshak wo nisab se zaida ho. Likan kion k ye bahoot he bahoot he sensitive issue hai aur ham Pakistani ka gold hamisha he investment ki niyat se hota hai tu zahir hia hamin zakat deni paray gi. aur wese bhi hamari aurtain gold ko sambhal sambhal k rakhin thin tu wo kisi sorat daily wear main count nahi ho sakta.

There is a difference of opinion here but I think Gold chayee use mein ho ya na hho, aus p zakat deni perthi hay, bilkay dena chayee.

“A woman came to the Messenger of Allah (PBUH) accompanied by her daughter, who wore two heavy gold bangles. He said to her, “Do you pay Zakah on them?” She said, ‘No.’ He then said, “Are you pleased that Allah may put two bangles of fire on your wrist on the Day of Judgment?” She then threw them away. (An-Nasa’i)

[shahzadafzal]

I am totally failed to understand what do you mean by intrinsic value and how can you say k we don't give zakat on crypto or give zakat based on original investment? Same goes for dollar. Agar dollar app kay pass Rs 100 ka hay tu u will not calculate Rs 100 in 2022. You will calculate it as Rs180

App nay gold 20 years phelay buy kia hay tu app 20 year old wali price  ni lein gay bilkay current price lein gay.
App nay agar plot / house selling kay liey is hay tu purchase price ni lein gay, current price calculate kr k zakat dein gay.
Similiary agar app nay  bitcoins 20,000$ kay buy kiey hein 2017 mein tu 2022 mein jo rate hay 40,000$ kay hisab c calculate hoga.
Mutlab kay agar app 1st ramazan ko calculate kertay hein tu 1st ramadan ko bitcoin, crypto, dollar, plot, gold aur silver ki jo bhi value hogi, aus kay mutabiq zakat bunay gii.

Well i didn't say you don't have to give zakat on crypto. I said how you will calculate zakat on this? For example we pay Zakat on agricultural goods, precious metals, minerals, and livestock at a rate varying between her aik pe kitni zakat hia alag se clearly defined hia Islam main and it is depending on the type of goods. How will you decide for bitcoin?  That's what intrinsic value means. I hope you got the point.

You must have heard 1btc=1btc calculating bitcoin in $ is illogical from crypto point of view also.

That's also the main reason you will not find any fatwa from a known scholar regarding bitcoin.

Yes we can simplify and calculate based on Gold if you have btc equal to 85gram of gold equal to dollars. Another question will be will you deduct the fees? since we don't have this asset in $ and again we will pay zakat in our local currency. Right.

I mean I don't want to argue but again this is between you and Allah and you can decide what you feel best.

There is a difference of opinion here but I think Gold chayee use mein ho ya na hho, aus p zakat deni perthi hay, bilkay dena chayee.

“A woman came to the Messenger of Allah (PBUH) accompanied by her daughter, who wore two heavy gold bangles. He said to her, “Do you pay Zakah on them?” She said, ‘No.’ He then said, “Are you pleased that Allah may put two bangles of fire on your wrist on the Day of Judgment?” She then threw them away. (An-Nasa’i)

Yes there's difference of opinion, "The Hanafis are of the view that it is obligatory to pay zakaah on it, but the majority of Maalikis, Shaafa’is and Hanbalis are of the view that it is not obligatory to pay zakaah on it." Since in Pakistan mostly we are hanfi that what we follow. But in Arab world including Saudi Arabia and many Africans countries it's not obligatory to give zakat on the jewelry woman using for herself.

Some scholars said that there was no zakaah to be paid on it, because by using it in a permissible manner, it becomes like clothing and other items, and is not like a product that has a commercial value. They responded to the general meaning of the aayah [al-Tawbah 9:34] by pointing out that the practice of the Sahaabah excluded gold that was used for adornment. It was reported with a saheeh isnaad that ‘Aa’ishah (may Allaah be pleased with her) used to look after her brother’s orphaned daughters in her apartment. They had gold jewellery but she did not pay zakaah on it. Al-Daaraqutni narrated with his isnaad from Asmaa’ bint Abi Bakr (may Allaah be pleased with her) that she used to adorn her daughters with gold jewellery, and she did not pay zakaah on it, (although its value was) nearly fifty thousand. (Sunan al-Daaraqutni, 2/109)

Now if we are following Hanifs we will pay zakat but like you said difference of opinion is there among the scholars and Allah knows the best.

[UmerIdrees]

Well i didn't say you don't have to give zakat on crypto. I said how you will calculate zakat on this? For example we pay Zakat on agricultural goods, precious metals, minerals, and livestock at a rate varying between her aik pe kitni zakat hia alag se clearly defined hia Islam main and it is depending on the type of goods. How will you decide for bitcoin?  That's what intrinsic value means. I hope you got the point.

You must have heard 1btc=1btc calculating bitcoin in $ is illogical from crypto point of view also.

That's also the main reason you will not find any fatwa from a known scholar regarding bitcoin.

Yes we can simplify and calculate based on Gold if you have btc equal to 85gram of gold equal to dollars. Another question will be will you deduct the fees? since we don't have this asset in $ and again we will pay zakat in our local currency. Right.

I mean I don't want to argue but again this is between you and Allah and you can decide what you feel best.

First of all, we need to know that Crypto is just another form of currency, that's why we say cryptocurrecny. It is not gold, not a precious metal, not livestock etc, it is only new form of money.

Now first take the example of fiat money. You have Rs and Dollars. Now its up to you that you convert rs into dollars  and pay zakat in dollars or convert dollars into rs and pay zakat in rs. OR you can calculate dollars holdings and pay zakat in dollar separately, while calculate rs holdings and pay zakat in rs separately.

Now, if you do not want to convert bitcoin into dollars, because 1 btc is 1 btc then if you have 1 btc, you can detect 0.25% of the amount from your btc and crypto holding and pay that amount as a zakat.  So now we don't need to convert. Also, same should be done with USDT and other coins also.

Finally, isn't it strange that when you need to send money to someone in crypto or buy anything online in crypto, you calculate it in dollars and then send the particular amount in bitcoins.  but when it comes to calculation for zakat we make excuses of 1 btc = 1 btc .

[shahzadafzal]

First of all, we need to know that Crypto is just another form of currency, that's why we say cryptocurrecny. It is not gold, not a precious metal, not livestock etc, it is only new form of money.

Now first take the example of fiat money. You have Rs and Dollars. Now its up to you that you convert rs into dollars  and pay zakat in dollars or convert dollars into rs and pay zakat in rs. OR you can calculate dollars holdings and pay zakat in dollar separately, while calculate rs holdings and pay zakat in rs separately.

Now, if you do not want to convert bitcoin into dollars, because 1 btc is 1 btc then if you have 1 btc, you can detect 0.25% of the amount from your btc and crypto holding and pay that amount as a zakat.  So now we don't need to convert. Also, same should be done with USDT and other coins also.

Finally, isn't it strange that when you need to send money to someone in crypto or buy anything online in crypto, you calculate it in dollars and then send the particular amount in bitcoins.  but when it comes to calculation for zakat we make excuses of 1 btc = 1 btc .

agree my dear it's not an excuses, didn't I repeat it's up to you.

What scenario you have given it's your point of view isn't it? Or are you giving fatwa? or are you quoting any Islamic scholar?

again yes you will calculate zakat on your "crypto assets" since those are your investments and you have plans to sale it but how you will calculate its up to you.

Now If I ask let suppose I own an NFT a tweet from jack, I own it no plan to sale it, is zakat due on this? and how much?

Remember

If you hold an asset that is non-sharia-compliant – then zakat would not be due on that in any case as it would be deemed a haram asset.

[Cosmic Beyonders]

jese k India na 30% tax lagaya hai crypto per. To is trhan agar Pakistan 5-10% b tax lagata hai to is se kafi revenue jama ho sakta hai.

Yeh tab dekha jiey ga jab pakistan mein crypto legal hogi tu kitna tax lagay ga, 10% ya 30% ya kuch aur. But abi ramazan aa raaha hay aur hum sab logon ki yeh responsibility hay k humaray pass jitni bhi crypto hay ( Exchanges p, decentralized wallets p, staking p, hardware wallets p) aun sab ko calculate kerain aur ais p 2.5% zakat ada kereian. Aur han there are may zakat calclaulars available online and you can use any of them for your help. Aik example of calculator  is https://www.tcf.org.pk/zakat/zakat-calculator/.

• Umer  sir and Noor Asslam o Alikum how are you guys i have seen you guys have good posts and VEry close to rank up
  I have found a thread must check anyone else who is close to rank up must check.
  This Thread help to rank up as if you are close to the Rank up

Area is:

0
5 - 9
85 - 99
230 - 249
475 - 499
970 - 999

I dont grantee but try your luck He helped many of them.
https://bitcointalk.org/index.php?topic=5275032.0

[og kush420]

# I Stand with Imran Khan.  Do you?

Why Everyone posts here a big banner? isn't there any way to crop it a bit so that it is seen and read properly without scrolling.
IK is in trouble though - His last statement was not liked by Armed Forces. But I still support IK.
Happy Pakistan Day to every Pakistani - hope you are celebrating today!

[kaka_Shipai]

Recently a news was flashed and that is that RikoDik deal has been signed again. This time, its 50/50 partnership in profit. 50% will go to Pak and 50% will go to the mining company.
Is it fair ? i thought that giving 50% of gold is too much. Its like giving trillions of dollar to the company. A whole country is just getting 50% and a company is given 50%. Though we got trapped as there was a big penalty but still then there were some good options that they could had opted.

1. a deal, where the company could get 50% profit in the first 2,3 or may be 5 years to cover their loss of 11 billion and after those 5 years , the deal should had been 80/20 in Pakistan favor.

2. a deal with another company to pay the 11 billion dollars on spot and then they would be allowed to take profit for like 5 years so as cover the 11 billion and some profit on it and then after that all the profit could be shared 80/20 or 90/10

3. shud had paid the 11 billions directly from some friend and could had paid to that country in installments though the mining of that gold in some years.

But giving them 50% share is too much. its really is too much if you know that this could be the largest gold and copper mine in the world. I sometimes feel angry on the politicians and bureaucrats who trapped Pakistan in this deal in the first place in 2005 i think.