Invitation for AWF’s Annual Zakah Empowerment Workshop
Almubarak Waqf Foundation is hosting a Zakat Empowerment Workshop! This workshop aims to equip Zakat recipients with the knowledge and skills they need to achieve financial independence. What to Expect: * Lectures by Business and Financial Experts * Cheque Presentation Ceremony * Networking Opportunities Share this post and help us reach a wider audience!
Zakat-uL-Fitr: Obligatory Charity before Eid
What is Zakãt-ul-Fitr? It is the obligatory charity given to specific people especially the poor and the needy in a specific time-period with the sole intention of achieving Allah’s pleasure during the fasting of Ramadan. Allah says in the Qur’an: Indeed whosoever purifies himself shall achieve success. And remembers the Name of his Lord and […]
Day 17 of Ramadan: Zakat on Crypto Assets – What You Should Know
What is Zakat? Zakat is a third pillar of Islam. Zakat is an obligatory charity. It is made mandatory for Muslims whose assets reach or exceed the Zakat Nisab. What is Zakat Nisab? It is a threshold which when your wealth reaches or exceeds make it mandatory for you to pay the Zakat. Who Should […]
How to Calculate Your Zakat as an Individual with a Business Venture
As a follow-up to the Zakat series in our previous articles, today we will learn how to calculate Zakat. The example below does not include all the Zakatable items but can be utilised as a template to be used to calculate Zakat. To do this, we have made this MS Excel version of a template […]
How to Calculate your Zakat as an Individual without a Business Venture
As a follow-up to the Zakat series in our previous articles, today we will learn how to calculate Zakat. The example below does not include all the Zakatable items but can be utilised as a template to be used to calculate Zakat. To do this, we have made this MS Excel version of a template […]
How to Calculate Zakat Nisab
Zakat Nisab is calculated based on Gold or Silver. “This threshold was set by Prophet Muhammad (ﷺ) at a rate equivalent to 85 grams of gold and 595 grams of silver” (Source ==> ) Step 1: Let’s find the value of 1 gram of gold in US dollar 1 gram of Gold = 67.50 USD […]
Zakat Nisab: What is Nisab?
Zakat is one of the Five Pillars of Islam, and it is an obligatory form of almsgiving or charity for eligible Muslims. Zakat Nisab refers to the minimum amount of wealth a Muslim must possess for a full lunar year before they are required to pay Zakat. The Nisab is usually measured in terms of […]