Assalamualaikum. I bought Tesla stock and the Zoya app shows interest bearing debt 1.57% and interest bearing deposits 4.48%. In order to pay zakat, do I need to get rid of those percentages or no? Zoya states that this stock is Halal
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Stock purification and zakat are two separate payments. We are supposed to pay out any non-Halal income earned by a company and then separately calculate the zakat we owe on the holding. There are different methods for calculating purification of Haram income so you might want to research which one you believe in. Muslimxchange provides purification info but I don’t think Zoya does. But yes, you have to purify the Haram income and then separately your zakat