Ibadah / Acts of Worship

Understanding Hibah: A Powerful Tool for Charitable Giving in Islam

As part of Our Islamic Charity team, you’re likely familiar with the importance of charitable giving. But have you ever considered the power of Hibah? This unique concept in Islamic law offers a beautiful way to extend a helping hand to those in need during your lifetime.

In this conversation, let’s explore Hibah and how it differs from a traditional will, making it a compelling option for many.

What is Hibah?

Imagine a gift freely given, a gesture of compassion that brings immediate joy and support. That’s the essence of Hibah. It translates to “gift” or “donation” in English, but within Islamic law, it holds a specific meaning. Hibah allows you to transfer ownership of an asset – money, property, or even valuable possessions – to another person during your lifetime.

There’s no waiting for a will to come into effect. With Hibah, the recipient receives the benefit of your generosity right away.

Hibah vs. Will: Understanding the Key Differences

While both Hibah and a will involve transferring assets, their timing and purpose differ significantly. Let’s break it down:

  • Timing: A will comes into play after your passing. It outlines how your possessions should be distributed. Hibah, on the other hand, is a gift made while you’re alive.
  • Impact: A will dictates the future distribution of your estate. Hibah allows you to witness the positive impact of your gift firsthand, fostering a deeper connection with the recipient.
  • Flexibility: Wills often have limitations on who can receive your assets. Hibah offers greater flexibility. You can choose anyone as the recipient, including family members, friends, or even charitable organizations like Our Islamic Charity.
Feature Hibah Will
Timing During lifetime After death
Effect Immediate transfer After death
Islamic Law Rooted in Islamic law Not necessarily
Beneficiaries Any person Limited by law

Can Hibah Be Used for Charitable Giving?

Yes. Absolutely! Hibah is a powerful tool for supporting those in need. You can use it to:

  • Provide immediate financial assistance: Imagine a struggling family facing a medical emergency. Hibah allows you to offer them a timely financial lifeline, alleviating their burden and bringing immediate relief.
  • Support educational endeavors: Helping a bright student pursue their education can have a lasting impact. A Hibah can empower them to reach their full potential and contribute positively to society. From here you can pay Hibah for education.
  • Empower charitable organizations: Our Islamic Charity relies on the generosity of donors like you. A Hibah allows you to directly support our vital initiatives, making a real difference in the lives of countless individuals. From here you can pay Hibah for the needy.

And the good news? Hibah can even be made using crypto donations. The world of cryptocurrency is evolving rapidly, and Hibah allows you to leverage this innovative technology to support worthy causes. From here you can pay Hibah directly wallet to wallet with crypto.

Beyond Hibah: Exploring Other Avenues for Charitable Giving

While Hibah offers a unique advantage, there are other ways to contribute to charitable causes:

  • Wills: Donating through your will ensures your charitable intentions are carried out after you’re gone. If you have specific causes close to your heart, including them in your will is a powerful way to leave a lasting legacy.
  • Regular Donations: Recurring donations, big or small, provide a steady stream of support for charities like ours. Every contribution helps us continue our mission of serving the community.

Remember, the most important thing is to give from the heart. Whether you choose Hibah, a will, or regular donations, your generosity will make a significant difference in the lives of others.

As long as we are alive, let’s Hibah(donation) and enjoy the arrival of happiness in the lives of the needy. Fi Amanillah.

CryptocurrencyEconomic EmpowermentEducation and TrainingIbadah / Acts of WorshipReligion

Enhancing Anonymous Giving: How Blockchain Technology Facilitates Donations in Our Islamic Charity

Imagine the ease of donating to a cause you deeply care about, directly from your crypto wallet, with complete anonymity. This powerful vision is now a reality for supporters of Our Islamic Charity, thanks to the innovative integration of Cosmos blockchain technology.

For many Muslims, the act of giving (sadaqah and zakat) holds immense significance. It’s a way to express gratitude for our blessings, purify our wealth, and support those in need. But sometimes, traditional donation methods might not offer the desired level of privacy. This is where blockchain technology steps in, offering a secure and anonymous platform for charitable giving.

Unveiling the Power of Cosmos Blockchain

Cosmos, a revolutionary blockchain network, enables a decentralized ecosystem of interconnected blockchains. This means various digital currencies can seamlessly interact with each other, fostering a more inclusive and efficient financial landscape. And the good news is, Our Islamic Charity is now embracing this technology to provide our generous donors with greater flexibility and anonymity.

The heart of this integration lies in the Cosmos network’s native currency, Atom. By leveraging the Cosmos blockchain address, you can now donate not just Atom tokens, but also a vast array of other cryptocurrencies built on the Cosmos network directly to Our Islamic Charity. This opens doors for tech-savvy donors who prefer the convenience and privacy offered by cryptocurrencies.

A Seamless Donation Experience: Wallet-to-Wallet Giving

Gone are the days of complex donation processes. With Cosmos blockchain integration, contributing to Our Islamic Charity is as simple as a few clicks. You can directly transfer your chosen cryptocurrency from your personal wallet to the designated Cosmos blockchain address provided by our charity. This eliminates the need for intermediaries, streamlining the donation process and ensuring your contribution reaches us swiftly and securely.

In Wallet to Wallet, in addition to the Cosmos network, you can donate with popular options like Bitcoin (BTC) and Ethereum (ETH), along with several USD-pegged stablecoins (USDT, GUSD, USDC, PAX, DAI, and BUSD).

Cultivating a Culture of Anonymous Giving

For some Muslims, the anonymity offered by blockchain donations holds deep meaning. It allows them to focus solely on the act of giving for the sake of Allah (SWT), without the influence of external validation. This fosters a sense of true inner peace and strengthens their connection with their faith.

Our Islamic Charity recognizes the importance of this sentiment. By embracing anonymous cryptocurrency donations, we aim to assist individuals who seek a more private way to fulfill their charitable obligations. Remember, every contribution, big or small, has the power to make a real difference in the lives of those less fortunate.

This integration introduces a new wave of philanthropic possibilities. Whether you’re a seasoned crypto enthusiast or simply seeking a discreet way to give, Our Islamic Charity welcomes your generosity with open arms. Together, let’s leverage the power of technology to fuel our collective spirit of giving and create a more just and compassionate world.

A Note on Intentions: Allah Knows

It’s important to remember that only Allah (SWT) knows the true intentions of a person. As a charity, we are not concerned with the external motivations behind donations. We believe that the purity of a Muslim’s heart and their sincere intention to give for the sake of Allah are what truly matter.

We hope that Allah (SWT) accepts the donations made through our charity and fulfills the intentions of the pure hearts of our donors. May He bless all those who contribute to our cause and grant them abundant rewards in this life and the Hereafter.

CryptocurrencyIbadah / Acts of WorshipReportWhat We Do

Is Crypto Zakat Wajib? Your Guide to Fulfilling Your Islamic Duty in the Digital Age

Quick answer: Yes, paying crypto zakat is Wajib(obligatory).
The world of finance is constantly evolving, and with the rise of cryptocurrency, a new question emerges for Muslims: is crypto zakat wajib? The answer is a resounding yes. Just like your traditional assets, your holdings in Bitcoin, Ethereum, Tether, or any other halal blockchain platform are subject to zakat, one of the five pillars of Islam.

Zakat: A Pillar of Purification

Zakat, meaning “purification” in Arabic, is an obligatory act of charity that requires Muslims to donate a specific portion of their wealth to those in need. It serves as a way to purify your wealth and redistribute resources within the Muslim community. Similar to the importance of daily prayers and fasting during Ramadan, fulfilling your zakat obligation brings you closer to Allah (SWT) and strengthens the bonds of brotherhood within the Muslim Ummah. Definition of zakat based on Quran and hadiths.

Prayer is Wajib, Zakat is also Wajib. We should pay attention to zakat like prayer.

Cryptocurrency and Zakat: What You Need to Know

The emergence of cryptocurrency has presented a new frontier for Islamic finance. Our Islamic Charity team understands that navigating the world of crypto zakat can be daunting. Here’s what you need to know:

Cryptocurrencies are considered a legitimate form of wealth. Just like gold or silver, your holdings in cryptocurrencies that comply with Islamic principles (halal) are considered zakatable assets.

The zakat rate for crypto is the same as other assets: 2.5%. If the total value of your crypto holdings exceeds the nisab (minimum threshold) for one lunar year, you are obligated to donate 2.5% of its value to charity.
Zakat applies to all your crypto holdings, regardless of platform. Whether you hold Bitcoin, Ethereum, Tether, or any other Sharia-compliant cryptocurrency, you must factor them into your zakat calculations.

Is Wealth That Has Not Been Paid Zakat Considered Haram?

Yes, wealth that has not been paid zakat is considered haram. In Islam, zakat is an obligatory act of charity that is considered a pillar of the faith. Failure to pay zakat is considered a sin, and the wealth that has not been zakat-purified is considered haram (unlawful).

Reason: Because 2.5% of this money or wealth is not for you and is the share of the needy. It means that there is money in your property that is not for you, which means that your money is mixed with haram money.

Calculating Your Crypto Zakat: A Step-by-Step Guide

Our team recognizes that calculating crypto zakat can feel complex. Here’s a simplified guide to help you fulfill your obligation:

  • Gather Information: List all your cryptocurrency holdings across different wallets and exchanges. Determine the value of each holding in a fiat currency (like USD) at the time of zakat calculation.
  • Combine Your Wealth: Add the total value of your crypto holdings to the value of your other zakatable assets (cash, gold, etc.).
  • Nisab Check: If the combined value of your assets exceeds the nisab for one lunar year, you are obligated to pay zakat. The current nisab value fluctuates based on the price of gold. Reliable resources like Islamic zakat calculators can help you determine the current nisab(On our Islamic charity zakat calculator, the amount of nisab is also taken into account.). What is the Nisab for crypto?
  • Calculate Your Zakat: Once you’ve confirmed you meet the nisab requirement, multiply the total value of your assets by 2.5% to determine your zakat amount. You can use this Islamic calculator for crypto zakat.
  • Distribute Your Zakat: Donate your calculated zakat amount to a trustworthy Islamic charity organization that supports those in need. Our Islamic Charity is here to ensure your zakat reaches those who deserve it most. If you have calculated your zakat, you can pay zakat with crypto from here.

Remember, fulfilling your zakat obligation brings blessings and strengthens our community. Our team is here to answer your questions and guide you through the process. Don’t hesitate to reach out for assistance!

Additional Considerations

  • Volatility: The value of cryptocurrencies can fluctuate significantly. It’s recommended to calculate your zakat based on the market value at a specific point in time (e.g., the day you perform your zakat calculation).
  • Zakat Rulings: While the core principles of zakat apply to cryptocurrency, consulting with a qualified Islamic scholar for specific guidance related to your unique circumstances is always recommended. You can contact us and get the necessary advice.

Together, let’s uphold the principles of Islamic charity and build a stronger, more equitable Muslim community.

CryptocurrencyIbadah / Acts of WorshipZakat

Is Your Money Halal? A Guide to Purification in Islam

Have you ever wondered if the money you possess is truly halal (permissible) according to Islamic principles? Perhaps you’ve received a windfall, or maybe you’re unsure about a past source of income. Worry not, for Islam offers a path towards purifying your wealth and achieving peace of mind.

In this guide, we at Our Islamic Charity will explore the concept of haram (forbidden) money and how to transform it into halal wealth. Together, we’ll delve into the Islamic perspective on financial matters and discover the steps you can take to cleanse your possessions.

Understanding Haram Money

In Islam, wealth obtained through unlawful means is considered haram. This includes, but is not limited to, money earned through:

  • Interest (riba)
  • Gambling
  • Theft
  • Bribery
  • Usury
  • Unethical Businesses

“And do not consume one another’s wealth unjustly or send it [in bribery] to the rulers in order that [they might aid] you [to] consume a portion of the wealth of the people in sin, while you know [it is unlawful].” (Quran 2:188).

How Do I Remove Haram (Illegal) Money from My Property?

As Muslims, we are strictly prohibited from acquiring, possessing, or spending haram (forbidden) money. This principle is deeply rooted in Islamic teachings found in the Quran, Sunnah, and Islamic jurisprudence. If you have acquired haram money, it is essential to remove it from your property. The most recommended way to do this is to donate the entire amount to a reputable Islamic charity. This ensures that the money is used for the benefit of the Muslim community and the needy, mitigating any potential harm.

Remember that if you have haram money, you cannot spend it in any way and you should only give it to a third party such as Islamic charities.

Seeking Forgiveness and Purification

If you find yourself in possession of haram money, the first step is to seek forgiveness from Allah (SWT). Repentance is a cornerstone of faith, and Allah is ever-merciful towards those who sincerely seek His pardon.

Once you’ve repented, the next step is to purify your wealth. The specific method for purification depends on the circumstances surrounding the haram money. Here, we’ll explore some common scenarios:

1. Knowing the Rightful Owner

If you know the rightful owner of the haram money, the most important step is to return it to them. This act of restitution demonstrates your sincere remorse and commitment to righteousness.

2. Unknown Owner, Known Amount

If you are unable to locate the rightful owner, but you can estimate the amount of haram money in your possession, you can purify it by donating an equivalent amount to charity (sadaqah). Focus your charitable giving on causes that align with the potential owner’s needs, if possible.

3. Mixed Halal and Haram (Unknown Amount)

Sometimes, haram money may become mixed with halal earnings, making it difficult to distinguish the two. In this situation, if you cannot determine the amount of haram money, scholars recommend paying Khums (one-fifth of your total wealth) to charity. This act signifies your good intention to cleanse your wealth and ensures a significant portion of the haram element is removed.

4. Dominant Haram Money

In rare cases, the haram element might be so significant that it overshadows the halal portion. Here, some scholars recommend donating a larger sum than Khums to charity. Ultimately, the amount you donate depends on your own sense of inner peace and your desire to ensure complete purification. In these complex situations, consulting with a qualified Islamic scholar is highly recommended. In this case, depending on the inner peace and heart intention of a Muslim who wants to be sure that the property is not haram and he is not committing a sin, he can continue to pay all the money to the halal and haram to charity. For this method, you can do your own calculations and make a direct payment through link Wallet to Wallet.

Remember, We’re Here to Help

At Our Islamic Charity, we understand that navigating financial matters can be challenging. If you have questions or concerns about the halal status of your money, please don’t hesitate to reach out. Our team of dedicated staff is available to offer guidance and support on your journey towards financial purity.

Together, we can walk the path towards a life blessed with both material well-being and spiritual fulfillment.

CryptocurrencyIbadah / Acts of WorshipKhumsReligionSadaqah

Is Your Money Halal? A Guide to Ethical Finances in Islam

As Muslims, we strive to live our lives according to the principles of Islam, and that extends to our finances. Earning and managing money ethically is an important part of fulfilling our faith. But with the complexities of the modern world, it can be easy to unintentionally acquire income that isn’t considered halal. At Our Islamic Charity, we’re here to guide you through the world of halal finances and empower you to make informed financial decisions.

Understanding Haram Money

Haram money, sometimes referred to as riba, refers to wealth acquired through unjust means. This can encompass a variety of activities that go against Islamic principles, often characterized by exploitation, deception, or a violation of ethical practices.

Here are some of the most common ways money becomes haram:

  • Usury(Riba): Charging interest on loans is a major form of haram money. Islam promotes fairness and discourages practices that enrich the wealthy at the expense of the less fortunate. Be careful that this money is based on lending and not investment interest. Basically, this type of haram money is the money caused by usury(Riba).
  • Uncertainty and Risk: Engaging in transactions with excessive uncertainty or risk, such as gambling or speculative trading, is considered haram. Islam emphasizes responsible financial decisions and discourages unnecessary risk-taking.
  • Unethical Businesses: Profits derived from businesses that deal in forbidden products or services, like alcohol or pork, are considered haram. Similarly, supporting businesses that engage in unethical practices like fraud or corruption falls under this category.

Avoiding Haram Money in Daily Life

Being mindful of where your income comes from is an essential part of maintaining financial harmony with your faith. Here are some practical steps you can take to ensure your money is halal:

  • Choose Your Employer Wisely: Research the practices of companies you’re considering working for. Avoid those involved in activities that contradict Islamic principles.
  • Review Your Investments: Carefully assess your investment portfolio. Divest from companies that engage in haram activities.
  • Scrutinize Your Banking: Traditional banks often charge interest, making them a potential source of haram income. Explore alternative Islamic banking options that adhere to Sharia principles. One of the best alternative structures for traditional banks is crypto and cryptocurrencies. These new structures are based on interest-free loans, and you can find many healthy and halal projects among blockchain and crypto projects. Many of these halal projects are also active in the field of DeFi investment.
  • Be Mindful of Side Hustles: If you have a side hustle, ensure your activities align with Islamic ethics. Avoid ventures that involve gambling, selling forbidden goods, or unethical practices.

Remember, even unintentional mistakes can lead to acquiring haram money. The best approach is to be proactive and educate yourself about halal financial practices.

What if You Have Haram Money?

If you discover you have unknowingly acquired haram money, there’s still a path towards rectification. Here are the steps you can take:

  • Repentance: Seek sincere forgiveness from Allah for your unintentional actions.
  • Returning the Money: If possible, try to return the haram money to its rightful owner.
  • Charitable Giving: If returning the money is not an option, donate an equivalent amount to a reputable Islamic charity like Our Islamic Charity (Quick solution: You can pay the equivalent amount of Haram(forbidden) money as Sadaqah or read the related article carefully.). This act of charity helps those in need and purifies your own financial situation. There are different conditions for paying haram money, so be careful and read this article from here carefully and then proceed to pay.
  • Purification: Consider acts of additional worship or fasting to further demonstrate your sincere repentance.

Our Islamic Charity: Your Partner in Halal Finances

At Our Islamic Charity, we understand the importance of financial guidance within the framework of Islam. We offer educational resources and support to help you navigate the complexities of halal finances. Whether you’re seeking information on ethical investment options, want to learn more about Islamic banking, or simply need a listening ear, we’re here for you.

Let’s work together to build a financially secure and ethically sound future, guided by the principles of our faith.

CryptocurrencyIbadah / Acts of WorshipKhumsReligionSadaqah