Cryptocurrency

Crypto for Change: Selecting the Ideal Islamic Charity for Your Donation

The rise of cryptocurrency has opened new avenues for charitable giving, allowing you to make a positive impact with the click of a button. But for those seeking to fulfill their Islamic duty of Zakat or simply donate to a worthy cause aligned with their faith, choosing the ideal Islamic charity for your crypto contribution can be a challenge.

This guide will equip you with the knowledge and considerations to make an informed decision, ensuring your crypto donation reaches a reputable organization that aligns with your charitable goals.

Understanding Your Priorities

The first step is to identify your philanthropic priorities. What causes are closest to your heart? Do you wish to focus on education, healthcare, water security, or disaster relief efforts? Many Islamic charities excel in specific areas. Aligning your donation with your priorities ensures maximum impact.

Transparency and Financial Acumen

Credibility is paramount. Look for charities that provide transparent financial reports detailing how they allocate funds. Effective organizations will showcase a clear breakdown of expenditures, allowing you to see how your crypto contribution translates into real-world change. You can see the report section of our Islamic charity here.

Zakat Eligibility

If fulfilling your Zakat obligation is your primary objective, ensure the charity is Zakat-eligible. Reputable organizations will possess a Zakat eligibility certificate issued by a recognized Islamic scholar or institution. This verifies their adherence to Zakat distribution principles. You can see the payment policy of our Islamic charity here and also see the Zakat Eligibility section here.

Impact and Reach

Research the charity’s track record. Do they have a proven history of delivering impactful projects within the communities they serve? Look for clear goals, measurable outcomes, and success stories that demonstrate the tangible difference their work makes.

Long-Term Sustainability

A sustainable organization is one poised for long-term impact. Evaluate the charity’s fundraising strategies, operational efficiency, and long-term vision. Sustainable charities possess a clear plan for continued growth and impact, maximizing the value of your crypto donation.

Systemic Approach and Influence

While individual projects are important, consider the charity’s broader approach. Do they address the root causes of poverty and social issues, or simply provide temporary relief? Organizations that employ a systemic approach, tackling issues holistically, are more likely to create lasting change. You can see the selection and definition of the projects of our Islamic charity here.

Innovation and Efficiency

The world of cryptocurrency is constantly evolving. Does the charity embrace new technologies to streamline donation processes and maximize the value of your crypto contribution? Look for organizations that leverage technology to improve efficiency and transparency.

Beyond the Donation: Building a Relationship

While the initial crypto donation is crucial, consider the bigger picture. Does the charity foster a sense of community and engagement with its donors? Look for organizations that provide regular updates on the impact of their work, keeping you informed and encouraging continued support.

Making a Difference with Crypto

By carefully considering these factors, you can make an informed and impactful crypto donation to a deserving Islamic charity. Remember, your contribution, no matter the size, has the power to make a real difference in the lives of those less fortunate. With careful research and a commitment to align your values with the charity’s mission, your crypto donation can become a powerful tool for positive change.

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In today’s digital age, new frontiers of innovation continue shaping both industry and ideals of goodwill. Taking inspiration from such progressive spirits, one sacred sanctuary is embracing cryptocurrency to empower faith-driven philanthropy for generations to come.

The Holy Shrine of Lady Fatima Masouma (a.s.) in Qom, Iran—honoring Bibi Masooma, sister of Imam Ridha (a.s.)—now proudly accepts donations via Bitcoin, Ethereum and Litecoin through its redesigned donation portal at donate.amfm.ir. This launch happened recently in the new year of 2024, which was very happy.

Cryptocurrency: A Secure Solution for the Synergy of Science and Spirituality

This pioneering step forward marries centuries of spiritual heritage with cutting-edge technology. Through cryptocurrency, devotees worldwide can express prayers of devotion or contributions of thanks in a safe, transparent format optimizing both accessibility and assurance. Advanced networks ensure donations reach their intent untampered, while independent blockchains offer public proof of each faithful transaction.

For the Modern Pilgrim: New Ways to Strengthen Faith

For today’s global ummah, distance or infirmity can no longer deny presence of heart. Now even remote remembrance finds root through click-supported charity. Whether fulfilling past prayers or simply uplifting Lady Masooma’s hallowed sphere of grace, virtual vigils revive ancient vessels of closeness in uniquely modern fashion.

A Bright Future Ushered In
Through channels attuned to modern modes of movement and markets, new rivers of giving flow to agriculture improving lives, outreach expanding minds and building preserving blessed blessings. Step by saving step, divine determination powers progress preserving sanctuaries as luminous beacons for all seeking answers through altruism.

A Standard Raised: Leading by Benevolent Example

In opening cryptodonations, Masooma’s sacred sanctuary exemplifies faith forward. Coins collected converting caring to concrete care speak volumes of virtue valuing validity over various vectors. For charitable challenges changing with changing challenges, compassion county continues pioneering with prayerful precision.

Promising Prospects through Prayerful Partnership

With patronage proving cryptocurrency’s compassionate cause, hopes heighten of harvesting humanity’s higher hopes. When holy havens handle cutting-edge contributions, curious crowds join justified journeys. As goodwill forges frontiers freely, futures flourish favoring fellow feelings and fortified faith built on brotherhood beyond borders.

Through its innovative initiative, Masooma’s sacred sanctuary inspires elevated excellence everywhere. Cryptocurrency donations empower enduring philanthropy, merging science and spirituality to strengthen sanctuary and ummah alike for ages ahead through the enlightened energies of esteem, empathy and endowed effort. May illuminated intuitions impact increasing integrity in all inshallah!

CryptocurrencyIbadah / Acts of WorshipImams of Athar

How We Distributed 143 Kilos of Hot Meat to 600 People in Need: A Report on Our Qurbani and Aqeeqah Project Using Crypto

Qurbani and Aqeeqah are two Islamic rituals that involve the sacrifice of animals for the sake of Allah (SWT). In this article, we will share with you how we distributed 143 kilos of hot meat to 600 people in need in different countries, based on our Qurbani and Aqeeqah project using crypto as a means of payment and donation.

How Did We Distribute 143 Kilos of Hot Meat to 600 People in Need?

We distributed 143 kilos of hot meat to 600 people in need in four different countries: Yemen, Syria and Somalia. We chose these countries based on their needs, challenges, opportunities, and potentials. We distributed hot meat instead of raw meat because it was more convenient, hygienic, and nutritious for the recipients. Here are some details of our distribution:

  • In Yemen, we distributed 60 kilos of hot meat to 200 people in need in Sana’a city. Yemen is facing one of the worst humanitarian crises in the world due to war, famine, disease, and displacement. Many people are starving and suffering from malnutrition and illness. Our hot meat distribution provided them with a source of protein, iron, and vitamins that boosted their health and immunity.
  • In Syria, we distributed 50 kilos of hot meat to 150 people in need in Idlib city. Syria is experiencing one of the longest and deadliest conflicts in recent history that has killed hundreds of thousands of people and displaced millions more. Many people are living in camps or shelters with poor conditions and limited access to food and water. Our hot meat distribution provided them with a source of warmth, comfort, and happiness that lifted their spirits and morale.
  • In Somalia, we distributed 33 kilos of hot meat to 100 people in need in Mogadishu city. Somalia is struggling with poverty, instability, violence, and drought that have affected millions of people and animals. Many people are facing hunger, thirst, and insecurity. Our hot meat distribution provided them with a source of sustenance, relief, and peace that eased their hardship and suffering.

We would like to share some stories from the people who benefited from our hot meat distribution without quoting them directly from the sources. Here are some of their experiences:

  • Fatimah is a 10-year-old girl from Yemen who lost her parents and siblings in an airstrike. She lives with her grandmother in a dilapidated house with no electricity or water. She often goes hungry and sick because they have no money or food. But when we came to her house with a hot meat meal, she felt full and healthy. She ate the meat with bread and salad, and drank some juice. She smiled and thanked us for bringing her food and hope.
  • Ahmad is a 7-year-old boy from Syria who was injured by a landmine while playing with his friends. He lost his leg and his sight in one eye. He lives with his mother in a tent in a camp with no proper medical care or education. He often feels pain and sadness because he cannot run or see like other children. But when we came to his tent with a hot meat meal, he felt joy and gratitude. He ate the meat with rice and soup, and drank some milk. He hugged us and thanked us for bringing him warmth and comfort.
  • Amina is a 12-year-old girl from Somalia who was orphaned by a drought that killed her parents and their livestock. She lives with her aunt in a hut in a village with no clean water or sanitation. She often suffers from thirst and disease because they have no access to wells or clinics. But when we came to her hut with a hot meat meal, she felt relief and happiness. She ate the meat with pasta and sauce, and drank some water. She prayed for us and thanked us for bringing her sustenance and peace.

These are just some of the examples of how our Islamic charity institution is making a difference in the lives of people and their communities through our Qurbani and Aqeeqah project using crypto as a means of payment…

CryptocurrencyFood and NutritionProjectsReport

Yes, you do pay Zakat on crypto.

Zakat on Crypto: What You Need to Know

Zakat is one of the five pillars of Islam, and it is the obligatory charity that every Muslim who meets certain criteria must pay annually. Zakat is a way of purifying one’s wealth, expressing gratitude to Allah, and helping those who are in need. Zakat is calculated and paid on various types of wealth, such as money, gold, silver, livestock, crops, and business assets. But what about crypto? Crypto is a digital form of money that can be transferred securely and quickly over the internet. Crypto has become more popular and widely used in recent years, especially among young and tech-savvy Muslims. But do you have to pay Zakat on crypto? And if so, how do you calculate and pay it? In this article, we will answer these questions and provide some guidance on how to fulfill your Zakat obligation on crypto.

Do you have to pay Zakat on crypto?

The short answer is yes, you do have to pay Zakat on crypto, if certain conditions are met. these conditions are:

  • You own crypto that is equivalent or above the nisab, which is the minimum amount of wealth that makes one liable for Zakat. The nisab is based on the value of gold or silver, and it may vary depending on the source and the date of calculation. You can use a Zakat calculator to determine the nisab and the amount of Zakat you owe.
  • You have held the crypto for one lunar year, which is about 354 days. This means that you have not sold, exchanged, or spent the crypto during this period. If you have acquired more crypto during the year, you need to add it to your total and pay Zakat on it as well.
  • You intend to use the crypto as a form of currency or investment, not as a personal asset or utility. This means that you have bought the crypto with the intention of reselling it, trading it, or using it for transactions, not for storing data, accessing services, or expressing opinions.

If you meet these conditions, then you need to pay Zakat on your crypto at the rate of 2.5%, which is the same as the rate for money. You need to calculate the market value of your crypto in your local currency at the time of paying Zakat, and then multiply it by 0.025 to get the amount of Zakat you owe.

You can pay Zakat on your crypto in different ways, such as:

  • Converting your crypto into fiat currency and paying Zakat in cash or by bank transfer.
  • Donating your crypto directly to a charity that accepts crypto donations, such as our islamic charity which works to provide humanitarian aid and relief to the most vulnerable and marginalized people around the world.
  • Exchanging your crypto for goods or services that benefit the eligible recipients of Zakat, such as food, water, medicine, shelter, education, or protection.

We hope this helps you understand how to pay Zakat on your crypto and fulfill your religious obligation. May Allah reward you for your generosity and bless you and your family.

CryptocurrencyIbadah / Acts of WorshipZakat