Ibadah / Acts of Worship

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Zakat is Wajib: One of the 5 Pillars of Islam

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.

Cryptocurrency Ibadah / Acts of Worship Zakat

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Purification of Haram Money: 4 Islamic methods

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.

Cryptocurrency Ibadah / Acts of Worship Khums Religion Sadaqah

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What is Haram Money in Islam?

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.

Cryptocurrency Ibadah / Acts of Worship Khums Religion Sadaqah

Celebrating the Prophet's Birth unleavened bread crypto donation

Feast of Prophet Muhammad 2024: Baking 100 Kilos of Unleavened Bread

Celebrating the Prophet’s Birth with Familiar Flavors: A Bread of Love for Our Brothers and Sisters

As the blessed occasion of Prophet Muhammad’s (PBUH) birthday approaches, our team at Our Islamic Charity is filled with the spirit of giving. This year, we’re embarking on a unique initiative to bring joy and nourishment to those in need across Pakistan, Yemen, Syria, Palestine, Eritrea, and Ethiopia.

A Tradition of Sharing: Familiar Flavors from Home

Imagine the warmth of a freshly baked loaf, its aroma evoking memories of home and family. For many underprivileged communities, such simple pleasures can be scarce. That’s why we’ve chosen to bake a staggering 100 kilos of traditional breads and unleavened flatbreads specific to each region.

Why bread, you ask? The answer lies in the power of familiarity. We want to provide a comforting taste of home, a reminder of cherished traditions, alongside the essential nourishment these breads offer.

Beyond Sweetness: Unleavened Bread for Health and Sustenance

While celebratory cakes and sweets are a common tradition, we believe unleavened bread offers a more sustainable and nutritious option. Unlike processed sweets, these breads are packed with hearty nuts and spices, providing essential vitamins and minerals often lacking in underprivileged communities.

The beauty of unleavened bread lies in its versatility. It can be enjoyed as a complete snack with a glass of milk or a cup of tea, offering a satisfying and healthy meal replacement.

More Than Just Food: Sharing the Spirit of the Prophet

Our mission at Our Islamic Charity extends beyond just providing sustenance. We aim to embody the spirit of Prophet Muhammad (PBUH), who throughout his life emphasized compassion, generosity, and sharing. By baking and distributing these breads, we hope to not only nourish bodies but also uplift spirits and foster a sense of community within these regions.

Join Us in This Blessed Endeavor

This initiative is a testament to the power of collective action. As we embark on this journey of giving, we invite you to join us. Every contribution, no matter how small, brings us closer to our goal of spreading love and nourishment during this sacred time.

Together, let us celebrate the Prophet’s birthday by not only remembering his teachings but also actively embodying them through acts of kindness and compassion. May Allah (SWT) reward us all for our efforts and grant us the opportunity to serve our brothers and sisters in need.

Stay tuned for updates on our progress! We’ll be sharing photos and stories as we bake and distribute these breads across the chosen regions. Let’s turn this birthday celebration into a beacon of hope and nourishment for those who need it most.

Food and Nutrition Ibadah / Acts of Worship Projects Report What We Do

Why is Regular Maintenance of Charity Projects Important?

Why Regular Maintenance is the Lifeline of Our Charity Projects

Imagine a vibrant oasis in a parched desert, a verdant garden teeming with life. This isn’t a mirage; it’s a testament to the enduring power of our charity projects. But like any living organism, these projects require nourishment and care to flourish. That’s where Keizoku, the Japanese concept of regular maintenance, comes in.

At Our Islamic Charity, we believe charity is more than a one-time act. It’s a commitment, a legacy that ensures our projects continue to bring blessings to communities for years to come.

A Stitch in Time Saves Nine: The Power of Preventative Maintenance

Let’s revisit our village well. During a recent routine service visit, our team noticed a trace of oil in the engine. A minor issue, easily rectified with a quick cleaning and top-up. The cost? Minimal. But consider the catastrophe of a neglected engine, seizing up completely, rendering the entire well inoperable. The cost to repair a broken engine? A staggering $1,000 or more.

This is the transformative power of preventative maintenance. By nip it in the bud, we save communities from potential water shortages and the financial burden of repairs. It’s a testament to the butterfly effect – a small act of care averting a major crisis.

The Concept of Keizoku in Islam

Keizoku, the concept of regular maintenance, is not a foreign idea to Muslims. In fact, Islam places great emphasis on the importance of preserving and maintaining things. This can be seen in various aspects of Islamic life, from caring for personal belongings to maintaining places of worship. A historical example is the Prophet Muhammad’s (peace be upon him) meticulous care for his belongings. Despite his humble lifestyle, he was known for keeping his clothes clean and his possessions in good condition. This attention to detail reflects the Islamic value of preserving and maintaining, a principle that aligns perfectly with the concept of Keizoku.

Beyond Wells: Nurturing Gardens and Forests, One Visit at a Time

Our commitment to Keizoku extends far beyond water wells. We manage numerous gardening and arboriculture projects, ensuring these vital ecosystems continue to thrive.

Our team members become guardians of these green spaces. We monitor soil health, providing necessary fertilization, and meticulously check irrigation systems, fine-tuning them for optimal water distribution. A struggling sapling? We diagnose the problem, be it disease or nutrient deficiency, and take corrective measures. In extreme cases, we replace the sapling with a healthy one, ensuring the future of the project.

The Human Touch: Building Relationships and Fostering Sustainability

Regular maintenance isn’t just about fixing things; it’s about building relationships. During our visits, we connect with the communities we serve. We listen to their concerns, answer their questions, and empower them to become stewards of their own projects.

This human touch is vital for long-term sustainability. We train community members on basic maintenance tasks, enabling them to identify potential problems and take preventive measures. It’s about knowledge transfer, ensuring the well-being of the project transcends our physical presence.

The Ripple Effect: A Legacy of Giving that Endures

Our philosophy of Keizoku is more than just a maintenance strategy; it’s a core value. It’s the thread that weaves together the generosity of our donors, the dedication of our team, and the enduring needs of the communities we serve.

By prioritizing regular maintenance, we ensure that your charitable contributions have a lasting impact. We transform a well from a one-time act of kindness into a powerful legacy, a source of life for years to come.

Join us in this beautiful journey of Keizoku. Donate crypto to Our Islamic Charity today and be a part of the ripple effect, ensuring our projects continue to bring blessings to those who need them most. Remember, a small act of care today can have a profound impact on countless lives tomorrow.

Economic Empowerment Ibadah / Acts of Worship Projects Report Restoration and Preservation of Holy Sites What We Do