Ibadah / Acts of Worship

Can Crypto Zakat Help Palestine?

Absolutely. Here’s Why.

As Muslims, fulfilling our Zakat obligation is a sacred duty. It’s a pillar of Islam, a way to purify our wealth and ensure it reaches those who need it most. But what about in times of crisis, when traditional methods of giving might seem limited? Can Zakat be used to help those suffering in Palestine, for example?

The answer is a resounding yes. The Quran itself outlines eight categories of recipients for Zakat, and Palestinians facing hardship fall squarely within several of these categories. Let’s explore why:

  • The Needy and Poor: The very foundation of Zakat is to support those in need. The ongoing conflict in Palestine has displaced countless families, leaving them vulnerable and destitute. Your Zakat can provide them with vital resources like food, shelter, and medical care.
  • Travelers (Ibn As-Saabil): This category can be interpreted to include those who are displaced from their homes due to war or conflict. Palestinians living in refugee camps or those who have fled their homes in Gaza can be considered Ibn As-Saabil, making them eligible Zakat recipients.

The urgency of the situation in Palestine demands immediate action. This is where the power of cryptocurrency comes in. Donating Zakat through crypto offers several advantages:

  • Faster and More Efficient: Crypto transactions are swift and borderless. Your Zakat can reach Palestinians in Gaza or Rafah quickly and directly, bypassing potential delays or restrictions associated with traditional methods.
  • Transparency and Security: Blockchain technology ensures transparency in how your Zakat is used. You can be confident that your donation reaches its intended recipients.
  • Anonymity: If you wish to remain anonymous, crypto donations allow for discreet giving.

Remember, crypto Zakat is no different from traditional Zakat in its core purpose. It’s simply a more efficient way to fulfill your obligation in today’s digital world.

Fulfilling this obligation directly reflects the message of the Quran. Allah (SWT) says in Surah Al-Baqarah verse 273:

“[Charity is] for the poor who have been restricted for the cause of Allah , unable to move about in the land. An ignorant [person] would think them self-sufficient because of their restraint, but you will know them by their [characteristic] sign. They do not ask people persistently [or at all]. And whatever you spend of good – indeed, Allah is Knowing of it.”

This verse emphasizes the importance of Zakat alongside prayer, highlighting its role in purifying our wealth and supporting those in need.

In line with the Quranic verse, a significant portion of Zakat donations entrusted to our Islamic charity goes towards providing food aid and water aid. This has been our focus for many years, including during the conflicts in Yemen and the ISIS crisis in Syria. We prioritize alleviating the suffering of the most vulnerable, ensuring your Zakat reaches those who need it most.

By donating your Zakat through a reputable Islamic charity that accepts crypto donations, you can directly contribute to alleviating the suffering of Palestinians. Our Islamic charity, for example, has a proven track record of delivering humanitarian aid to those in need. Read the report where we described our needs and actions in Palestine.

We operate with a strict 100% donation policy, ensuring every satoshi you donate goes directly to supporting Palestinians.

How can you pay crypto zakat?

You can use the following links:

Let us join hands and answer the call for help from our brothers and sisters in Palestine. Together, through the power of Zakat and innovative tools like cryptocurrency, we can make a real difference in their lives.

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The Generosity of Islam: Rooted in the Quran and Hadith

As Muslims, the concept of helping those in need is deeply ingrained in our faith. From the foundational pillars of Islam like Zakat to the countless Hadiths urging generosity, our religion constantly reminds us of our responsibility towards our fellow human beings. This article explores the concept of helping others in the Quran and Hadith, and discusses how cryptocurrency donations can be a seamless and impactful way to make a difference.

The Quran overflows with verses that emphasize the importance of charity and helping those less fortunate.

Surah Al-Ma’un, for instance, opens with a powerful question: “Have you seen the one who denies the Recompense?” It goes on to describe such a person as one who “And does not encourage the feeding of the poor.” This sets the tone for the entire Surah, highlighting the importance of caring for those in need.

Prophet Muhammad (PBUH) further emphasized this message through his teachings and actions. Numerous Hadiths illustrate his compassion and generosity. In one narration, he (PBUH) is reported to have said, “The believer is always helpful, while the unbeliever is always troublesome.” This Hadith underscores the inherent connection between faith and helping others.

These are just a few examples, but the message is clear: Islam places immense importance on philanthropy. It’s not just a good deed, it’s a core Islamic principle.

Peace and Creating Peace: A Cornerstone of Islamic Practice

The concept of peace, both internal and external, is another cornerstone of Islam. The very word “Islam” comes from the Arabic root “salam,” which means peace. The Quran repeatedly emphasizes the importance of peacebuilding and reconciliation. Surah Al-Hujurat reminds us, “And if two factions from among the believers fight, then make peace between them.”

Creating peace extends beyond resolving conflict. It also involves actively working towards a just and equitable society. By helping those in need, we contribute to a more peaceful world. When basic needs are met, and communities thrive, there’s less room for conflict and suffering.

Your charitable contributions, whether through traditional means or innovative methods like cryptocurrency donations, can become building blocks for a more peaceful world.

The Call to Peace: Upholding Islamic Values in a World of Conflict

As Muslims, peace is not just a hopeful aspiration, it’s a fundamental principle woven into the very fabric of our faith. Islam calls upon us to actively work towards a more peaceful world, a world free from the devastation of war.

War, a stark antithesis to the peace Islam promotes, inflicts a multitude of wounds.

  • Heavy Costs: Wars deplete resources, crippling economies and hindering development, especially for already struggling nations. Infrastructure crumbles, essential services are disrupted, and the path towards progress is tragically halted.
  • Loss of Life: The most devastating consequence of war is the human cost. Thousands of innocent lives are tragically cut short, leaving families shattered and communities mourning.
  • Displacement: Wars uproot people from their homes, forcing them to flee violence and seek refuge in unfamiliar and often harsh environments. Millions become refugees, facing uncertainty and hardship.

The Quran reminds us in Surah Al-Maedah:

“Because of that, We decreed upon the Children of Israel that whoever kills a soul unless for a soul or for corruption [done] in the land – it is as if he had slain mankind entirely. And whoever saves one – it is as if he had saved mankind entirely. And our messengers had certainly come to them with clear proofs. Then indeed many of them, [even] after that, throughout the land, were transgressors.” (Quran 5:32)

War, with its indiscriminate violence, stands in stark contrast to this message.

Upholding Islamic Values in the Face of Conflict

While navigating the complexities of the world, we can still uphold our Islamic values. Here’s how:

  • Promoting Peace: Actively advocate for peaceful solutions to conflict. Support organizations working towards diplomacy and conflict resolution.
  • Charitable Giving: Assist those impacted by war. Donate to reputable charities that provide critical aid to refugees and those displaced by conflict. You can also visit our projects in different countries. We will do our best to make a difference with your help.
  • Prayers for Peace: Let your prayers be a beacon of hope for a more peaceful world. Regularly pray for an end to suffering and the restoration of peace.

By actively working towards peace and assisting those affected by war, we can embody the true spirit of Islam. Let’s reject violence and promote understanding, fostering a world that aligns with the core values of our faith. Remember, the Quran tells us in Surah Al-Qasas:

“But seek, through that which Allah has given you, the home of the Hereafter; and [yet], do not forget your share of the world. And do good as Allah has done good to you. And desire not corruption in the land. Indeed, Allah does not like corrupters.” (Quran 28:77)

Let’s strive to do good by supporting peace and offering a helping hand to those in need.

Ibadah / Acts of WorshipReligionWhat We Do

Understanding Nisab for Crypto: Your Guide to Fulfilling Your Zakat Obligations

Cryptocurrencies have become a major asset class, and many Muslims are interested in understanding how they factor into their Zakat obligations. This article will explore the concept of Nisab in the context of crypto, guiding you through calculations and ensuring you fulfill your Zakat requirements seamlessly.

What is Nisab?

Nisab is the minimum value of wealth a Muslim must possess before Zakat, an Islamic obligatory charity, becomes mandatory. It serves as a threshold to ensure Zakat is paid only on substantive wealth, not basic necessities. Traditionally, Nisab is calculated based on the value of precious metals, specifically:

  • Gold: 87.48 grams
  • Silver: 612.36 grams

The rationale behind using precious metals is their historical stability and universal value.

How Does Nisab Apply to Crypto?

The core principle behind Nisab remains the same for cryptocurrencies. The type of asset doesn’t influence the Nisab calculation itself. So, if the combined value of all your assets, including:

  • Bank deposits
  • Fiat currency
  • Crypto holdings (Bitcoin, Ethereum, etc.)
  • A variety of stablecoins (Tether(USDT), USDC, etc.)
  • NFTs
  • Crypto ETFs
  • Assets on Decentralized Applications (DApps)
  • DeFi investments

Exceeds the Nisab value in gold or silver, you become obligated to pay Zakat on your total wealth at the annual calculation.

Calculating Zakat on Crypto

Once you’ve established that your total wealth surpasses the Nisab value, determining your Zakat on crypto holdings becomes straightforward. Here’s a breakdown of the process:

  1. Convert your crypto holdings to fiat currency (USD, EUR, etc.) on the date of Zakat calculation. The value of your crypto assets in wallets or exchanges is displayed as a total, and you can add these values ​​together.
  2. Add the converted value of your crypto to your other assets. This includes your bank balance, fiat cash, and the value of any other tradable assets you own.
  3. If the sum calculated in the step 2 is more than the Nisab, you must pay Zakat and Zakat will be obligatory on you.
  4. Apply the Zakat rate of 2.5% to the total cumulative value you obtained in step 2. This represents the amount of Zakat you must donate to charitable causes.

You can do all these steps from the zakat calculation form, which includes crypto zakat calculation, from here.

Important Note: Remember, Zakat is only applicable on crypto holdings that you intend to keep for over a lunar year (approximately 354 days). If you actively trade cryptocurrencies, they may not qualify as Zakatable wealth.

By following these steps, you can ensure your Zakat calculations are accurate and compliant with Islamic principles even when dealing with crypto assets. These Islamic principles have been accurately implemented on the zakat calculation form and the Nisab number has also been accurately calculated.

Remember, we at our Islamic Charity are here to guide you through your Zakat journey. Feel free to reach out if you have any further questions or require assistance with specific calculations.

CryptocurrencyIbadah / Acts of WorshipReligionZakat

Overcoming Challenges in Palestine Aid: Delivering Hope

Imagine the frustration of trying to deliver fresh food to hungry families, only to have it spoil because of unexpected delays. This is a harsh reality for our team at Our Islamic Charity, one of the many challenges we face in bringing aid to those in need across Palestine.

While financial constraints are a constant hurdle, there are other, often unforeseen, obstacles that threaten our ability to deliver vital support. Today, we want to share some of these challenges and the unwavering spirit that keeps us going.

Beyond Financial Hardship: The Daily Struggles

Providing for basic human needs in Palestine requires constant vigilance and adaptation. Security concerns, environmental issues, water scarcity, and the educational well-being of children are just a few of the hurdles we encounter daily.

  • Navigating Checkpoints: Security checks are a necessary part of life in Palestine. However, unexpected delays at checkpoints can have devastating consequences. One of our food trucks was recently held for 72 hours at the entrance to Be’er Sheva. The scorching summer heat turned our fresh ingredients into a rotten mess, causing a significant setback in our food distribution efforts.
  • Reaching Gaza and Rafah: Delivering aid to Gaza and Rafah presents unique challenges. Despite the difficulties, we are committed to maintaining this vital lifeline for those in need.
  • Waste Management Woes: Damage to infrastructure and disrupted waste collection services in war-torn areas create a critical sanitation issue. We actively promote waste reduction and are constantly exploring solutions for creating a more sustainable waste management system.
  • Water: A Precious Commodity: Water scarcity is a constant threat in Palestine. There are times when water rationing becomes unavoidable, forcing us to prioritize its use in essential services.
  • Educating Our Future: The education of Palestinian children, especially those displaced by conflict, is paramount. Despite limited resources, we strive to provide learning opportunities in makeshift tents, on the streets, or wherever space allows. Our mission is to ensure these children don’t fall behind in their education.

The Unwavering Spirit of Our Team

These are just a few of the challenges we face every day. Despite the obstacles, the spirit of our team remains unbroken. We are driven by a deep commitment to serving the most vulnerable members of our community.

We understand the importance of transparency and want to share these challenges with you, our valued supporters. By understanding the complexities of delivering aid in Palestine, you gain a deeper appreciation for the impact of your contributions.

Together, we can overcome these hurdles and ensure that even the most basic necessities reach those who need them most. Your continued support, financial or otherwise, is a beacon of hope in these trying times.

Join Us in Making a Difference

Our Islamic Charity is a team dedicated to alleviating the suffering of our brothers and sisters in Palestine. With your help, we can continue to provide critical food aid, promote sanitation, ensure access to education, and extend a helping hand to those most affected by conflict.

This fight for a better tomorrow requires all of us. Donate to Our Islamic Charity today and become part of the solution. Together, we can build a brighter future for Palestine.

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Choosing Your Zakat and Khums Calculation Date: A Guide for Fulfilling Your Obligations

As Muslims, fulfilling our financial obligations like zakat and khums is a cornerstone of our faith. It allows us to purify our wealth, share blessings with those in need, and contribute to a more just society. But sometimes, a question arises – when exactly should we calculate and pay our zakat and khums?

While there’s no specific date mandated in the Quran or Sunnah, establishing a consistent date for yourself brings several benefits:

  • Clarity and Organization: Having a set date streamlines the process, ensuring you don’t overlook this important act.
  • Timely Distribution: Calculating zakat and khums on a designated date allows for prompt distribution to those who deserve it most.
  • Peace of Mind: Knowing you’ve fulfilled your obligations fosters a sense of peace and spiritual well-being.

how do you choose your calculation date?

Here are some popular options:

  • The Beginning of the Hijri Year: Many Muslims opt for the first day of Muharram, marking the beginning of the Islamic lunar calendar. This aligns with the concept of a fresh start and new beginnings.
  • Significant Dates: Some choose dates with personal or religious significance, like the start of Ramadan, Dhul-Hijjah before Hajj, or the Prophet’s birthday. These serve as easy reminders for annual calculations.
  • Personal Anniversaries: Birthdays, wedding anniversaries, or other personal milestones can also be used as calculation dates. This ensures you remember your zakat and khums obligations annually.

The key is to choose a date you’ll remember easily and consistently.

Calculating Crypto Zakat: A Modern Approach

With the growing popularity of cryptocurrency, a question arises: how does zakat apply to these digital assets? The good news is, zakat principles extend to crypto holdings as well. Since they are considered a form of wealth, 2.5% of your total crypto value that has reached a haul (one lunar year) is subject to zakat. We have created a crypto zakat calculator for crypto donors that is compliant with Islamic law, which you can view here.

Calculating Khums

Khums is an annual obligation specific to Shia Muslims. It applies to all surplus wealth that has reached a haul, including crypto holdings. The calculation involves determining one-fifth (20%) of your net surplus wealth after deducting any personal debts or expenses.

Remember, consulting with a qualified Islamic scholar can provide personalized guidance specific to your circumstances. If you have any questions about calculation or payment, you can ask your questions using “Contact Us”.

Should a Muslim pay both Khums and Zakat?

It depends. To calculate Sharia payments for Sunni and Shia is different. Here’s the breakdown of Khums and Zakat obligations for Sunni and Shia Muslims:

  • Sunni Muslims: They are obligated to pay Zakat only. Khums is not considered an obligation for Sunni Muslims.
  • Shia Muslims: They are obligated to pay both Khums and Zakat. However, there’s a slight difference in how Zakat is calculated for Shia Muslims compared to Sunnis.
Muslim Sect Zakat Khums
Sunni Obligated Not Obligated
Shia Obligated (calculation might differ slightly) Obligated

Fulfilling Your Zakat Obligation and Making a Lasting Difference

Choosing a zakat and khums calculation date is a simple yet impactful step. By establishing a consistent practice, you ensure the timely fulfillment of your financial obligations and contribute to a more equitable society. May your generosity and commitment to your faith continue to flourish!

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