Malaysia is the first country to include crypto in zakat!

Crypto is a promising field. Crypto is one of the inventions of the present time. It is a digital currency which has no real existence but is gaining popularity day by day. Instead of paper currency, they are taking place in many countries of the world. Nowadays, instead of carrying paper currency, these have created a huge response in people's minds.

Day by day people are getting included in it. Even many countries around the world are choosing them as legal currencies and many countries are considering them as their reserves. Now Malaysia has been added to that list. The country has recently become the first country in the world to include zakat on cryptocurrency. This is one of the steps taken by the country. Malaysia has started a new chapter by including crypto as part of zakat. This news was reported by the organization of the Federal Territories Islamic Religious Council, the country's official Islamic organization.

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This was stated by the chief executive of the Federal Territories Islamic Religious Council, a body of the country's official Islamic body, who is also the chief executive of the Zakat Collection Centre. That is why a press conference was organized by this organization in the country's capital, Kuala Lumpur, where the CEO of the organization demanded to include crypto as part of zakat.

Because crypto is a potential sector. Moreover, we know that the number of investors in this promising sector is increasing day by day. Many investors around the world are constantly getting involved. Even Malaysian citizens are no exception, and the country's authorities believe that cryptocurrency is a booming sector.

Because currently 54.2 percent of the country's total investors are from this sector. This number is increasing day by day. The number of these investors is increasing day by day and most of the investors in the country are between the age of 18 to 34 years. And it has been reported by the government that these investors in the country have assets equivalent to 1,600 crore ringgit.

Zakat is the fifth pillar of Islam. Zakat is obligatory on every able-bodied man and woman in Islam. Basically this Zakat money is distributed among the needy people. It is the right of the poor over the rich. He believes that this crypto sector can be a new source of zakat.

This is one of the good aspects especially for the younger generation. It is expected that the young generation will be encouraged to pay Zakat. 63.5 percent of the country's total population is Muslim. Even a large portion of investors in the country's crypto sector are Muslims. So it is hoped that through this crypto investors will be encouraged to pay Zakat. And through this the helpless citizens of the country will benefit. If you want to know more about this then you can read this news .