tawheed center Ask the Imam Please post your questions here for the Imam. 5 Comments Khalil on May 11, 2020 at 1:31 pm Assalaamu ‘Alaikum Wa Rahmatullahi Wa Barakatuh, Please advise if I’m required to pay zakat on my 401k If I’m still employed with my employer. Reply Imam Ehsan on May 14, 2020 at 12:00 pm Walakum Salam Yes zakat is due on 401(k), The choice is either you pay now or defer till after retirement, if you pay annually the obligation will be fulfilled and if you wish to defer till after retirement or if you gain access to funds pre-retirement, you will pay a lump sum for all previous years. Reply Qht on May 22, 2020 at 2:31 pm Asalamu alaykum. Does everyone who has a nisab amount owe a separate sadaqah tul Fitr? For example, if the husband pays on behalf of the wife and kids because he has a nisab amount, does the wife also pay a separate amount if she has the nisab amount of her own wealth? Reply Imam Ehsan on June 3, 2020 at 3:59 pm If the husband/father is supporting the household (wife children etc), and he dispenses on behalf of everyone then this will be valid. However, if you or the children are independent and are not being supported by your husband/father, then the fitr is not valid. Independent individuals should dispense their own fitr. Reply Nazeer on June 6, 2020 at 12:54 am Salamalaykum, What is the ruling on buying a house in the USA? Is Conventional mortgage haraam? If so, are there any Islamic financing options available that are compliant with Shareeah? Reply Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.