Finance & Business

Is my job haram if my company has some haram dealings I'm not directly involved in?

Whether your job becomes haram because your company has some haram dealings is evaluated on five criteria: (1) directness of involvement, (2) your intention, (3) the quantity/proportion of haram, (4) whether this is industry-wide norm, and (5) whether this is your only source of income. Incidental, unintentional, and small-quantity haram that is not your direct responsibility does not make the entire job haram. However, if you are directly employed to facilitate something intrinsically haram, that is clearly impermissible.

Is Zakat due on 401(k) and IRA retirement funds? How is it calculated?

Zakat is due annually on 401(k)/IRA retirement funds per the Fiqh Council of North America. It is calculated on the amount accessible after taxes and penalties — not the full paper balance. If you cannot pay in full, write down the debt to Allah and pay when you cash out.