Zakat per portfolio
July 31, 2025
New
Zakat, per portfolio
Instead of importing an Excel of your holdings, you can now calculate Zakat directly on each portfolio. Holdings, shares, and live prices are already in the app, so nothing gets uploaded anywhere.
Improved
Gains-based Zakat for long-term holdings
Long-term holdings now use the Gains-Based Approach from the Fiqh Council of North America: 10% on gains (market value minus cost basis) instead of the previous flat method. Short-term holdings still use 2.5% on full value. The reasoning is in this article.
Fixed
- If two Amal accounts pointed at the same Alpaca account, closed orders could be attributed to whichever account synced last, so one user's fund showed $0 invested. We now verify you own the slice before saving an order, and repaired the affected rows
- FFLC, SFLO, and GFLW are now creatable. They're covered by FinSheets but we were defaulting them to a provider that doesn't carry them