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Understanding Fidya: A Comprehensive Guide for Muslims

Fidya, a term often discussed among Muslims, carries profound spiritual and practical significance. As believers, it’s essential to understand its meaning, obligations, and how it applies to our lives, especially in a rapidly evolving world. Let’s unravel the essence of fidya and answer key questions surrounding it.

What Is Fidya?

In simple terms, fidya refers to a form of compensation prescribed in Islamic law (Sharia) for those who are unable to fulfill certain religious obligations due to valid reasons. Equivalent words in English include “ransom,” “compensation,” or “atonement.” However, fidya isn’t just about material compensation; it’s a spiritual act that aligns your intentions with Allah’s commands, ensuring that your faith and deeds remain intact even when challenges arise.

The most common context for fidya is during Ramadan. When fasting becomes impossible due to illness, old age, pregnancy, or other valid reasons, fidya serves as a way to atone by feeding a poor person for each missed fast. But it’s not limited to fasting–it applies to other obligations as well.

Who Is Obligated to Pay Fidya?

Fidya is not for everyone. It is specifically meant for those who:

  • Cannot Fast Permanently – This includes individuals with chronic illnesses or conditions where fasting would harm their health.
  • Pregnant or Nursing Mothers – When fasting poses a risk to the mother or child, fidya becomes applicable.
  • Elderly Muslims – Those who are physically unable to fast due to age.
  • Travelers or Temporarily Sick Individuals – If they delay making up missed fasts beyond the allowable time, fidya may become obligatory.

In all cases, the intention (niyyah) behind paying fidya is crucial. It’s not just a monetary transaction; it’s a sincere act of devotion and obedience to Allah. The Fidya of Ramadan fasting is different from the Kaffarah of breaking the Ramadan fast. Read here about Kaffarah(atonement) for breaking the fast.

How Much Is Fidya?

The amount of fidya can be calculated in two main ways:

  • Feeding a Needy Person: The standard calculation is the cost of feeding one poor person two meals for each missed fast. For example, if the cost of feeding one individual in your region is $5, and you missed 10 fasts, your fidya would amount to $50. This cost varies depending on local food prices and living standards.
  • By Weight of Staple Food: Fidya can also be paid in the form of staple food items, such as wheat, rice, or dates. The prescribed quantity is approximately half a sa’ (a traditional Islamic measurement), which is roughly equivalent to 1.5 kilograms (3.3 pounds) of the staple food per missed fast.

For example, if you missed 10 fasts, you would give 15 kilograms (33 pounds) of rice, wheat, or dates to those in need. Many Muslims find this method more aligned with traditional practices, particularly in regions where staple foods are more accessible than cash donations.

You may also choose to provide the monetary equivalent of this food weight, based on local market prices, making it convenient to fulfill your obligation.

In either case, the key is to ensure that the amount given fulfills the requirements and reaches those who are eligible to receive it.
In our Islamic charity, based on the custom of the region where we provide food and meals to the needy, the ransom(Fidya) payment amount has been determined. you can pay your Fidya based on the number of days, from here.

How Long Does a Muslim Have to Pay Fidya?

Fidya should ideally be paid as soon as the obligation arises. For instance, if you are unable to fast during Ramadan due to illness, pregnancy, or another valid reason, you should strive to pay the fidya during the same Ramadan or immediately after. This ensures that your atonement is timely and aligns with the spiritual significance of the holy month.

However, there is no strict requirement that the fidya must be paid before the start of the next Ramadan. If circumstances such as financial constraints or uncertainty about your fasting status delay the payment, Islam allows flexibility as long as the intention (niyyah) to fulfill the obligation is present.

To clarify with an example:

Suppose you were unable to fast during this Ramadan due to illness, leaving 30 fasts for which fidya is required. You can calculate the fidya amount and pay it at any time, but it is highly recommended to pay it as soon as possible.
If you are unable to pay before the start of the next Ramadan, you are still obligated to pay it later, even years after, if necessary. However, delaying unnecessarily without a valid reason is discouraged, as fulfilling the obligation promptly reflects your sincerity and commitment to Allah’s commands.
In summary, while there is no specific deadline to pay fidya, the sooner it is paid, the better. Paying it before the next Ramadan ensures that you start the holy month with a clear conscience, free from pending obligations. If it becomes impossible to pay immediately, rest assured that Islam’s flexibility allows you to fulfill this duty when you are able.

Can Someone Else Pay Fidya on Behalf of Another Person?

Yes, it is allowed in Islam for fidya to be paid on behalf of another person, provided they consent or the individual is unable to act for themselves. This is often seen in cases where adult children pay fidya for their elderly parents or when one spouse takes responsibility for the other.

Is It Obligatory for Children to Pay Fidya for Deceased Parents?

The fidya of deceased parents is not automatically the responsibility of their children. However, if the deceased left specific instructions (wasiyyah) for fidya payment, it becomes a duty to fulfill their wishes using one-third of their estate. If no such instruction exists, children can still pay it voluntarily as a form of sadaqah (charity), seeking Allah’s mercy for their parents.

Can Fidya Be Paid With Cryptocurrency?

In today’s digital age, many Muslims wonder if fidya can be paid using cryptocurrency. The answer is yes–As an Islamic charity, we support all kinds of cryptocurrencies and you can pay all kinds of Islamic payments using cryptocurrencies. Digital currencies like Bitcoin, Ethereum , Solana, Tron and more, can be converted into fiat currency or directly used to provide the necessary food or monetary equivalent to the needy.

However, ensure that the cryptocurrency’s value at the time of payment matches the fidya amount required. Transparency in the transaction is crucial, as the goal is to fulfill your obligation accurately and sincerely.

Fidya: A Path to Compassion and Redemption

Paying fidya is more than a duty; it is an opportunity to express compassion and gratitude for Allah’s guidance. By providing food to the less fortunate, you connect with the essence of Islam–empathy, generosity, and accountability.

As we navigate a modern world filled with opportunities like cryptocurrency, we must remain grounded in our faith, ensuring our actions reflect sincerity and devotion. Whether you’re paying fidya for yourself or on behalf of a loved one, remember that every act of obedience brings you closer to Allah’s mercy and blessings.

Let us, as an Ummah, embrace fidya not just as an Wajib (obligation) but as an act of love and service to humanity. May Allah accept our efforts and reward us abundantly.

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Universal Children’s Day Charity Projects 2024

Did you know that every November, Universal Children’s Day shines a light on the well-being, rights, and needs of children across the globe? This year, we took an extra step to make a difference.

As part of “Our Islamic Charity,” we spent Universal Children’s Day 2024 focusing on a group often overlooked: working children. These are the young souls who trade their childhoods for labor, often out of necessity. This day wasn’t just about recognizing their struggles; it was about bringing them hope, care, and tangible support.

What is Universal Children’s Day?

Universal Children’s Day, celebrated annually on November 20th, was established by the United Nations to promote international togetherness and awareness of children’s rights. It’s a day to advocate for the protection, education, and development of all children, regardless of their circumstances.

The day’s purpose is not just about commemorating the Declaration of the Rights of the Child but also about sparking real action to improve the lives of children worldwide. For us, it was a chance to connect with working children and remind them they’re not forgotten.

The Harsh Reality of Working Children

Too many children today are forced to leave school behind and take up jobs to support their families. These young workers face harsh conditions, poor nutrition, and an absence of proper education. Many of them are malnourished, their health compromised by a lack of resources.

But what struck us most this year was their silent struggle with personal hygiene and oral health. Imagine children as young as 10 losing multiple teeth due to untreated cavities or damage. This reality is heartbreaking and a clear call for more focused action.

What Did We Do on Universal Children’s Day 2024?

At “Our Islamic Charity,” we designed a comprehensive program aimed at uplifting these children’s lives. It wasn’t just about short-term aid–it was about planting seeds of long-term change.

1. New Shoes and Clothes for Every Child

We began the day by visiting their homes and workplaces. It was incredible to see their faces light up as we handed out new shoes and clothes. These small gestures gave them a sense of dignity and belonging, something every child deserves.

2. Educational and Recreational Activities with a Hot Lunch

In the heart of the day, we organized a fun and engaging educational and recreational program. For many, it was their first opportunity to simply be kids–laughing, learning, and playing. This was followed by a delicious hot lunch, ensuring they received at least one nutritious meal that day.

3. Health and Personal Hygiene Awareness

Understanding the importance of hygiene, we provided brief training sessions on personal hygiene. Each child received a personal hygiene pack containing essentials like soap, toothpaste, and towels. These sessions aimed to instill basic yet vital habits that can protect their health in the long run.

4. Oral and Dental Health Examinations

For the first time in our charity’s history, we introduced oral and dental health checks. The results were sobering: a large number of children and teenagers already had significant dental issues, including lost and damaged teeth.

This highlighted a pressing need for future programs focusing on oral hygiene awareness, regular check-ups, and affordable treatment. We’re committed to making this a core part of our initiatives moving forward.

How You Can Make a Difference

Universal Children’s Day reminds us all of our collective responsibility toward children. You, too, can be part of this mission.

Your donations–whether in cryptocurrency or other forms–can directly support these programs. Together, we can provide education, health care, and hope to working children. Each contribution, no matter how small, brings us closer to a world where every child is valued and cared for.

Looking Ahead

This year’s program was only the beginning. Moving forward, “Our Islamic Charity” aims to expand our efforts. We plan to:

  • Launch more frequent dental health initiatives.
  • Offer scholarships to help working children return to school.
  • Create sustainable food programs to tackle malnutrition.

With your support, we can continue building a brighter future for these children–one step at a time. Sponsor a child today.

Join Us in Changing Lives

Universal Children’s Day is a reminder that every child deserves a chance to thrive. As we reflect on the success of this year’s program, we invite you to join hands with us. Together, we can transform challenges into opportunities and despair into hope.

Let’s ensure no child has to choose between survival and their dreams. Donate today and be part of the change.

Because when we lift a child, we lift the world.

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The Roots of Sadaqah in Islam

Giving sadaqah, or voluntary charity, is deeply rooted in Islamic teachings and is a powerful act of worship. As Muslims, we understand that sadaqah not only benefits the receiver but also enriches the giver’s soul, bringing them closer to Allah and earning immense rewards. Let’s explore why this noble act is so cherished and what intentions drive us to give.

The Divine Command for Charity

Sadaqah holds a special place in Islam as a demonstration of faith and gratitude. The Quran emphasizes the significance of charity multiple times:

“The example of those who spend their wealth in the way of Allah is like a seed [of grain], which grows seven spikes; in every spike is a hundred grains. And Allah multiplies [His reward] for whom He wills.” (Surah Al-Baqarah, 2:261)

“مَّثَلُ الَّذِينَ يُنفِقُونَ أَمْوَالَهُمْ فِي سَبِيلِ اللَّهِ كَمَثَلِ حَبَّةٍ أَنبَتَتْ سَبْعَ سَنَابِلَ فِي كُلِّ سُنبُلَةٍ مِّائَةُ حَبَّةٍ ۗ وَاللَّهُ يُضَاعِفُ لِمَن يَشَاءُ ۗ وَاللَّهُ وَاسِعٌ عَلِيمٌ” (Surah Al-Baqarah, 2:261)

Through this verse, we see how Allah magnifies the reward for those who give with sincerity. Beyond the rewards, sadaqah cleanses our wealth and purifies our hearts.

The Prophet Muhammad ﷺ also said, “Charity extinguishes sins just as water extinguishes fire.”

This profound statement reminds us that sadaqah has the power to cleanse us spiritually while easing the burdens of others.

Intentions Behind Giving Sadaqah

Many Muslims give sadaqah daily to invite barakah into their lives. By giving, they aim to ensure their wealth grows in unseen ways and their lives are filled with peace and prosperity.
The act of giving is not merely transactional; it is deeply spiritual. Our intentions are what elevate the act of sadaqah into an act of ibadah (worship): (Definition of Ibadah in Islam)

  • Seeking Barakah (Blessings): Many Muslims give sadaqah with the hope of increasing their sustenance, health, and overall blessings in life. Allah promises barakah for those who are generous, even when they have little.
  • Compensating for Sins: Aware of our human imperfections, we give charity as an expiation for mistakes, seeking forgiveness from Allah. The Prophet ﷺ said, “Charity does not decrease wealth.” Instead, it protects us from harm and shields us from misfortune.
  • Gaining Closeness to Allah: Sadaqah is an act of love and devotion. By giving, we fulfill the divine command and strengthen our connection with the Creator.
  • Helping Those in Need: At its heart, sadaqah is about alleviating the pain and suffering of others. By sharing our blessings, we remind ourselves of the collective responsibility we have as an ummah (community).

How Is Charity Spent?

As an Islamic charity institution, we ensure that every satoshi of sadaqah is utilized according to Islamic principles. Here’s how your contributions make a difference:

  • Feeding the Hungry: Daily meals are distributed to families and individuals struggling with poverty.
  • Supporting Orphans and Widows: We provide care, education, and essentials to vulnerable groups.
  • Planting Olive and Fig Trees: This sustainable initiative benefits communities for generations.
  • Building Schools and Clinics: Education and healthcare are critical to breaking the cycle of poverty.
  • Emergency Aid: During crises, such as natural disasters or conflicts, your sadaqah delivers immediate relief.

The Modern Way to Give Sadaqah

In today’s world, technology offers new ways to fulfill this timeless obligation. You can now pay sadaqah on the blockchain through our Islamic charity institution. Simply copy our wallet address and donate using Bitcoin, Ethereum, or stablecoins(USDT, USDC, DAI,…) of your choice. This secure and transparent method ensures your contribution reaches those in need efficiently and effectively.

The Eternal Rewards of Sadaqah

By giving sadaqah, we not only bring ease to others but also prepare for our eternal home in the Hereafter. Let us remember the words of the Prophet ﷺ: “The believer’s shade on the Day of Resurrection will be their charity.”

No amount is too small in the eyes of Allah. Every act of charity, no matter how humble, carries immense value when done sincerely. Prophet Muhammad (peace be upon him): “Protect yourself from Hellfire, even by giving a piece of a date as charity.” (Bukhari)

At Our Islamic Charity, we invite you to join us in spreading goodness and earning immense rewards. Together, we can create a world where no one is left hungry, forgotten, or alone. May Allah accept our efforts and grant us barakah in this life and the next.

Ameen.

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Help Rebuild Lives in Lebanon

In recent years, Lebanon has endured relentless challenges that have compounded the crisis of homelessness and displacement, particularly in regions like Dahiyeh, Beirut. Today, we want to explore this pressing issue and discuss how we, as a global community, can respond with compassion and action.

The Root Causes of the Crisis

Lebanon’s struggle with displacement stems from a convergence of geopolitical, economic, and natural crises. Over the past decade, conflicts in neighboring Syria and Palestine have driven millions of refugees to seek safety within Lebanon’s borders. The protracted violence and instability caused by groups like ISIS have exacerbated the situation, with over 1.5 million Syrian and Palestinian refugees now residing in the country. This influx has placed unprecedented pressure on Lebanon’s resources, already strained by its own political and economic turmoil.

Adding to these challenges, the aftermath of the devastating 2023 Beirut port explosion displaced thousands of families. These individuals, once stable in their homes, now join the ranks of those seeking shelter and basic needs.

Since the Mediterranean region currently has many conflicts. We have many charitable activities in this area. You can monitor our activities separately for each country:
Aid to Palestine
Aid to Lebanon
Aid to Syria

Challenges in Dahiyeh and Beyond

Dahiyeh, a southern suburb of Beirut, has been a focal point for displacement. As tensions rise, so does the number of people left homeless or in need of urgent assistance.

Crisis Dahiyeh Beirut November 2024 Lebanon BTC Aid USDT donate

The onset of winter only amplifies the urgency. Many displaced families are living in makeshift camps or inadequate shelters, unprepared for the cold months ahead. The lack of access to basic necessities such as food, clean water, and medical care leaves these communities on the brink of a humanitarian disaster. The lack of basic hygiene and medical care increases the risk of disease, especially among children and the elderly.

Our Responsibility as Muslims: Bringing Light to Darkness

At Our Islamic Charity, we believe that serving those in need is an act of worship.

As Prophet Muhammad (ﷺ) said: “The best of people are those who bring the most benefit to others.”

Guided by this principle, we are actively working to ease the suffering of displaced families in Dahiyeh. Our relief efforts include:

  • Tents and Shelters: To provide protection from the harsh winter conditions.
  • Heating Devices: Ensuring warmth during freezing nights.
  • Storage Facilities: Small warehouses for water, food, and medicines, to ensure supplies are accessible.
  • Hygiene Essentials: Field bathrooms, toilets, and laundry areas to prevent outbreaks of infectious diseases.

Our years of experience in delivering aid globally have taught us one critical lesson: Health is the cornerstone of any relief effort. Without adequate healthcare and hygiene, shelters become breeding grounds for illness, further endangering vulnerable lives.

How You Can Help

This crisis is not one that any single organization or nation can resolve alone. It requires a collective effort. We invite you to join us in making a difference:

  • Donate to Lebanon: Contributions help us procure essentials like food, medical supplies, and heating devices for families in need.
  • Spread Awareness: Share this article with your network to inform others about the crisis in Dahiyeh.
  • Volunteer Your Skills: From logistics to healthcare, every skill can play a vital role in supporting our efforts.

Your support, no matter the form, has the power to restore hope and dignity to those who need it most.

Together, We Can Create a Greatest Muslim Community

As we work to alleviate suffering, let us remember that our efforts are an opportunity to earn Allah’s pleasure. The Prophet (ﷺ) said: “Charity does not decrease wealth.” When you give, Allah replaces it with greater blessings in both this life and the Hereafter.

Let us be the hands that deliver hope to the hopeless. Let us be the voices that advocate for the voiceless. Let us be the hearts that pray for the afflicted. Together, we can transform despair into a brighter future for our brothers and sisters in Dahiyeh and beyond.

May Allah accept our efforts and reward us abundantly for every life we touch. Join us today and be part of this blessed mission.

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Is Making Money From LP in Cryptocurrency Halal or Haram?

When it comes to cryptocurrency and financial innovation, one of the most common questions we face is about liquidity providing (LP): Is it halal to earn profits as a liquidity provider in cryptocurrency? This question arises because, as Muslims, we strive to ensure our earnings align with the principles of Islam. Let’s dive deep into this topic to understand its nuances and determine whether LP income is permissible or not.

What Is LP in Cryptocurrency?

A Liquidity Provider (LP) pool enables seamless trading between two assets in decentralized finance (DeFi). Imagine a market stall: instead of a person exchanging apples for oranges, the LP acts as a pool of both fruits, facilitating trades for the buyers and sellers. For their contribution, LPs earn fees proportional to the trades they enable.

Like a currency exchanger in the real world, LPs facilitate the exchange of one currency for another, earning a service fee. If the underlying assets are halal (e.g., stablecoins or cryptocurrencies with clear use cases and backing), LP participation is more likely halal.

Does a money changer convert any currency in a traditional exchange? No, money changers do the exchange work according to the currency that is guaranteed. So, to participate in LP, use halal currency pairs and currencies that are known. Currencies that do not have precise specifications or have high risk are not suitable for LP.

Here’s an important distinction: LPs don’t directly conduct the transactions. Instead, they provide the liquidity that keeps the decentralized exchanges (DEXs) functioning smoothly. This fee earned by LPs is what sparks the debate–is it halal or haram?

Does Earning From LP Resemble Riba (Interest)?

In Islam, any income derived from interest (riba) is strictly prohibited. To assess whether LP earnings fall under this category, let’s break it down step by step:

1. The Nature of the Fee

The fees earned in an LP setup are not based on interest but rather on providing a service. It’s similar to how a currency exchange (money changer) earns a fee when facilitating a transaction between two currencies. They offer a service, not a loan.

2. No Transactions, No Income

In an LP, fees are generated only when trades happen. If no one uses the liquidity pool, the LP earns nothing. This aligns with the principles of Islamic trade, where income is tied to effort or service. There’s no guaranteed return, removing the element of fixed interest.

3. Avoiding Risk and Gharar (Uncertainty)

Islamic finance emphasizes avoiding excessive risk or ambiguity (gharar). The currencies you provide to an LP pool should be halal, transparent, and stable. Risky or speculative currencies, often involved in pump-and-dump schemes, bring gharar into the equation and may render the activity impermissible.

Three Essential Rules for Halal LP Earnings

To ensure your earnings as an LP are halal, adhere to the following principles:

Transparency in Currency Pairs

Always provide liquidity using known and established currencies. For example, pairs like ETH-USDT or USDT-USDC are widely recognized and less speculative.

Avoid Currencies with High Risk

Do not participate in LP pools involving currencies with vague specifications or volatile behaviors. Such currencies could lead to unpredictable outcomes, which Islam discourages.

No Fixed Returns

Avoid any LP pools or DeFi platforms that promise fixed returns. This could potentially resemble riba and must be avoided. Instead, rely on the service-based income generated by transaction fees. In all LPs, the profit percentage is known, but this number is not fixed and changes on a daily basis or due to the increase in demand and crowding of the blockchain. Basically, receiving guaranteed fixed interest is wrong and Haram(forbidden).

LP Earnings: Halal or Haram?

In conclusion, participating in an LP pool where the principles of Islamic finance are upheld–such as transparency, no fixed returns, and low gharar–can be considered halal. However, any engagement with currencies or platforms that lack clarity, involve speculation, or guarantee returns should be avoided. If you still have doubts about LPs, you can ask us. We have access to many Islamic scholars and can ask them your questions.

If you’re unsure about a specific pool or currency, it’s better to take a step back and conduct thorough research. Aligning your actions with Islamic principles not only ensures halal income but also brings barakah (blessings) into your wealth.

By following these guidelines, we can navigate the world of cryptocurrency with confidence and ensure our earnings remain pure and permissible. Together, we can embrace modern financial opportunities while staying rooted in our faith.

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Donate to Muslim Community Using Cryptocurrency

In the digital age, the world of charitable giving has evolved dramatically, offering us new ways to contribute to causes we care about. For many Muslims, donating through cryptocurrency offers a way to support Islamic charities while aligning with values like privacy, transparency, and financial security. However, one question often arises: Is crypto a secure method to donate to Islamic charities?

How Crypto Donations Offer Security and Privacy

When you donate to an Islamic charity using cryptocurrency, you benefit from a high level of privacy and security. Blockchain technology underpins cryptocurrencies, creating a decentralized, tamper-proof ledger that ensures your donation reaches its intended purpose without interference. Furthermore, by donating in crypto, you protect your privacy because there’s no need to disclose personal information. Our Islamic Charity allows for anonymous donations, meaning no questions about your wallet or personal information. You choose the level of anonymity and only provide an email if you want confirmation of your donation or updates on significant events like Ramadan. You can read the Donor Privacy Policy here.

Transparency and Trust: Why Crypto Is Ideal for Islamic Donations

One of the standout features of cryptocurrency is its transparency. Every transaction is recorded on a public ledger, accessible for anyone to verify. This transparency is especially valuable for donors who want to ensure that their contributions go directly to the causes they support. For Islamic charities, this aligns with core values of honesty and integrity. Using crypto to give Zakat, Sadaqah, or other charitable contributions reinforces trust in the donation process, making sure every Satoshi or USDT serves its intended purpose.You can see the programs and ways of helping the Muslim community here.

Ease and Flexibility for Muslim Donors Worldwide

Crypto donations transcend borders, enabling Muslims from anywhere to support Islamic causes in countries where banking systems may be limited. This flexibility also ensures that your donations are processed quickly and securely, without delays common in traditional banking. As we approach important seasons like Ramadan, the ability to donate instantly becomes crucial for those aiming to fulfill Zakat or Sadaqah commitments promptly.

Securing Your Faith and Privacy Together

At Our Islamic Charity, we value your trust and strive to provide a safe, flexible donation platform. With no requirement for additional details, we respect your privacy as much as your generosity. Donating anonymously with cryptocurrency empowers you to fulfill your religious obligations while maintaining confidentiality.

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Is Crypto Investing Halal? A Guide for Muslims Navigating the World of Cryptocurrency

In today’s fast-evolving financial landscape, many Muslims wonder whether they can invest in cryptocurrencies like Bitcoin while staying true to Islamic principles. The answer can seem complicated, but understanding the core concepts of halal investments in Islam will simplify the matter. Here, we’ll guide you through how halal investments work, how cryptocurrency can fit within this framework, and the importance of paying zakat on crypto assets.

Understanding Halal Investments: Gold as a Traditional Example

To grasp how cryptocurrency might be halal, we can start with a simple example: investing in gold. When you buy gold with the intention of investment, you’re purchasing it at full price in a straightforward transaction. From that moment, the gold becomes part of your assets, and its market value may rise or fall over time. Should the gold’s value increase, the profit you gain is entirely yours and is considered halal because the transaction was complete and ownership was clear.

In Islamic finance, the transaction’s structure is key. Halal investments rely on clear ownership, risk-sharing, and transparency, avoiding elements like speculation and excessive uncertainty (gharar). The profits from a halal investment are gained responsibly, ensuring that the increase in value aligns with Sharia law.

Applying Halal Principles to Cryptocurrency

Cryptocurrencies like Bitcoin and Ethereum present new opportunities, but they share similarities with traditional assets like gold. For instance, imagine you purchased Bitcoin as an investment in November 2023, and one year later, the value of Bitcoin has appreciated significantly. Since you purchased Bitcoin outright, you own it fully, just like owning a piece of gold. If the value increases, this gain is considered halal as long as the initial transaction was lawful and did not involve prohibited activities like gambling or excessive speculation.

While Islamic finance typically advises caution against high-risk investments, owning a cryptocurrency as an asset doesn’t inherently contradict Islamic principles. As with any asset, your crypto can increase or decrease in value over time, but you have not engaged in gambling or uncertainty if you follow a structured investment approach. This holds true for long-term investments, where you hold cryptocurrency as part of your wealth.

Zakat on Crypto: Fulfilling an Essential Obligation

One essential part of Islamic investment is zakat, the obligatory charitable contribution that every Muslim must pay annually. In the case of cryptocurrency assets, zakat applies to the total value of your holdings. The required zakat is 2.5% of your total assets if they exceed the nisab threshold (the minimum amount of wealth required to be eligible for zakat). Calculating zakat on crypto follows the same principles as with any other asset.

For instance, if your crypto portfolio reaches a significant value over the lunar year, you would calculate 2.5% of its total worth and pay this amount as zakat. By fulfilling this duty, you purify your wealth and ensure your crypto investments remain within the framework of Islamic law. You can see the crypto zakat calculator from here or pay your zakat with various cryptocurrencies from here.

Halal Investing in the BTC, ETH, BNB and more

Investing in cryptocurrency, like Bitcoin, can align with Islamic principles as long as it follows halal conditions–transparency, clear ownership, and absence of prohibited activities. By treating crypto investments like traditional assets and understanding their value changes as part of the investment risk, Muslims can explore the crypto market confidently. And, by regularly calculating and paying zakat, you can ensure that your investment grows ethically and remains compliant with Islamic law.

As we navigate the digital age, it’s empowering to know that with careful choices, cryptocurrency can be a halal investment–one that supports our faith, secures our future, and fulfills our religious obligations. Let’s embrace this modern opportunity thoughtfully and responsibly.

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The United Arab Emirates Dirham Stablecoin: A New Era for Charity Donations in the Muslim World

In today’s rapidly advancing digital world, the United Arab Emirates has made a groundbreaking move that could shape the future of donations in the Muslim community. By partnering with Tether, the UAE is set to launch a stablecoin pegged to its national currency, the United Arab Emirates Dirham (AED). This news brings immense potential for charities like ours, as it paves the way for a more secure, transparent, and efficient way of giving.

At Our Islamic Charity, we’re always striving to make it easier for our generous supporters to donate, especially as technology provides us with new tools. The UAE Dirham stablecoin stands as a promising solution that could make crypto donations not only more accessible but also safer for all. Let’s delve into the potential of this currency, its benefits for our charitable mission, and how it aligns with the principles of Islamic giving.

Why a Dirham Stablecoin Matters to Charities

The launch of a dirham stablecoin is not just a financial development–it represents a powerful opportunity to reshape how we give. At present, traditional donation channels often involve high transaction fees, lengthy processing times, and currency conversion challenges. A stablecoin, however, is designed to provide price stability by linking to a reserve asset, which in this case is the AED.

Imagine being able to send a donation with a simple click, using a secure digital currency that mirrors the dirham’s value without the complications of traditional banking. This stablecoin would empower our friends and supporters in the UAE to make contributions in their own currency, boosting their connection to our cause and reducing the complexities we typically face in cross-border donations. With the dirham stablecoin, we could channel donations into real impact faster, helping us reach more people in need while maximizing every dirham given.

Benefits for the Muslim Community

The stability and transparency offered by the AED stablecoin align well with the values that Muslims hold dear. While cryptocurrency offers the allure of fast, global transactions, many of our brothers and sisters have hesitated due to concerns around volatility and unpredictability. However, the dirham stablecoin provides a dependable option by maintaining a 1:1 ratio with the AED, alleviating fears of value loss and encouraging greater confidence in digital donations.

Through this initiative, Muslims around the world can participate more easily in charitable giving. For those unfamiliar with crypto, stablecoins like the AED introduce a middle ground between traditional currency and the potential of blockchain technology. This innovation not only fosters financial inclusivity but also respects the trust that’s so vital to Islamic principles. By offering a stable, transparent, and user-friendly way to donate, we’re creating more inclusive channels that honor the Islamic tradition of helping those in need.

How the AED Stablecoin Can Simplify Zakat and Sadaqah

With the AED stablecoin, we envision a future where giving your zakat or making a sadaqah contribution can be as easy as sending a message. Blockchain technology adds a layer of security by recording each transaction on a public ledger, which makes it transparent and traceable. This transparency gives our donors peace of mind, knowing that their contributions are reaching their intended purpose without unnecessary fees or delays.

Stablecoins, like the AED, can facilitate the payment of zakat in real-time, allowing our community to fulfill this essential obligation effortlessly. By donating through the dirham stablecoin, supporters can make an immediate impact, whether it’s to provide food for the needy, education for children, or financial aid for struggling families. This efficiency in distributing funds not only amplifies the charity’s reach but also ensures that we uphold the responsibility of zakat and sadaqah with dignity and respect for those who receive them.

Embracing a New Era in Islamic Giving

As we step into this new era of digital finance, we’re excited about the role that the UAE’s dirham stablecoin can play in transforming charitable giving for the better. This initiative opens up a world of possibilities, from simplifying international donations to creating a stronger, safer connection with donors. The AED stablecoin is more than just a currency; it’s a bridge that brings us closer to our donors, creating a community that’s bound by compassion and driven by shared values.

Inshallah, this development will not only bring more convenience to our supporters but also strengthen the impact we can achieve together. By embracing these advancements, we aim to uphold the Islamic principles of transparency, honesty, and care for those in need. May this new chapter in charity serve as a testament to the power of faith, unity, and innovation in the pursuit of goodness. Together, we can make a lasting difference, honoring the beauty of giving in Islam, and inspiring hope across the world.

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It Is Our Duty to Help Flood-Affected Valencia: Together, We Can Make a Difference

In the face of adversity, our humanity binds us closer. As we witness the devastating floods in Valencia, Spain in 2024, we are reminded that helping each other is more than an act of kindness–it is a duty that unites us all as children of Adam and Eve. Regardless of our backgrounds, beliefs, or borders, we share a profound responsibility to stand beside those in need, especially during times of crisis.

With a Muslim population of around 2.5 million across Spain and approximately 100,000 in Valencia alone, our Muslim brothers and sisters are directly affected by these floods. But this is not just a challenge for one community; it is a moment for all of us to come together, with open hands and open hearts.

As “Our Islamic Charity,” we are honored to provide crucial support to the people of Valencia. With the help of crypto donors like you, we have already started sending essential relief items, but our mission is far from over. In this article, we’ll walk you through the significance of these efforts, the impact of your support, and the steps we are taking to uplift those affected by this calamity.

United by Faith and Humanity: Our Shared Responsibility

In times of distress, Islam teaches us to act with compassion and empathy. The Quran reminds us that we are all children of Adam, responsible for each other’s welfare: “And We have certainly honored the children of Adam…” (Quran 17:70). This verse calls us to remember that no matter our nationality or creed, we are united in our humanity.

Our team at Our Islamic Charity believes that giving is an expression of faith, a reminder that we are here to support each other in times of need. Your donations for floods in Valencia enable us to extend this value beyond our borders, showing solidarity with our global family.

In Valencia, this flood has left countless families displaced and in need of shelter, warmth, and comfort. By working together, we can make a tangible difference in their lives, offering them relief and hope for a better tomorrow.

Emergency Aid Delivered: Meeting Immediate Needs with Compassion

Through our initial relief efforts, we have managed to distribute essential items to flood survivors in Valencia, thanks to your contributions. Our support package included life-sustaining essentials such as:

  • Drinking Water and Canned Food: When water sources are contaminated and food is scarce, these basic items become invaluable. Our team prioritized clean drinking water and ready-to-eat canned food, ensuring that families have access to safe nutrition in these trying times.
  • Hygiene Packs for Women: Understanding the specific needs of women, we provided hygiene kits tailored for their comfort and dignity. In times of crisis, personal hygiene can often be overlooked, but it is crucial to maintaining health and morale.
  • Warm Clothes and Baby Packs: For mothers and babies, we prepared special packs including warm clothes and other essentials to protect them from the cold and maintain their well-being. These packages aim to bring warmth and comfort, especially to those most vulnerable.

As our small local team works tirelessly in Valencia, they embody our commitment to provide relief with respect and compassion. These efforts would not be possible without the generosity of crypto donors who understand the urgency of this mission.

Your Crypto Donations: Powering Our Continued Humanitarian Efforts

Our work in Valencia is far from over. While we have made strides in providing initial relief, there is much more to be done to ensure long-term support for those affected. With your help, we aim to strengthen our presence in the region, establishing temporary shelters and offering continued assistance as the community rebuilds.

By choosing to donate in crypto, you empower us with a secure, transparent, and efficient method of funding that reaches the people who need it most. Crypto donations allow us to respond quickly, ensuring that aid reaches communities without delay. This speed and security in giving mean we can make an immediate impact, amplifying the power of every donation.

Supporting Valencia’s recovery is not just about restoring what was lost; it’s about rebuilding lives, restoring hope, and nurturing resilience. As you donate, you stand with us in our mission to serve humanity, to bring relief to those in crisis, and to share the blessings we are fortunate to have. You can donate to Valencia Spain Flood from here with Bitcoin or Ethereum and other cryptocurrencies.

Together, We Can Light the Path to Recovery

The call to help our brothers and sisters in Valencia transcends geographical boundaries, reminding us that we are part of a shared world. In the Quran, Allah says:

“Whoever saves one–it is as if he had saved mankind entirely” (Quran 5:32).

This verse resonates deeply, especially during times like these, urging us to act and make a difference where we can.

Our Islamic Charity is committed to continuing this journey of aid and compassion, reaching out to those affected in Valencia and beyond. By donating to our cause, you become part of this mission. You become a source of hope, a beacon of kindness, and a testament to the power of unity.

Let us stand together, embracing our role as stewards of mercy and compassion. Let us rebuild Valencia, one act of kindness at a time.

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Baalbek, Lebanon: Crisis and Displacement Amid Conflict in 2024

As our team at Our Islamic Charity responds to ongoing crises, our hearts and efforts are drawn to Baalbek, Lebanon–a city under severe strain due to recent conflict. Families have been torn from their homes, and the war’s toll is visible across this ancient, once-vibrant city. Many of the displaced are vulnerable women and children, struggling to find safety and basic resources as they’re forced to the Lebanese-Syrian border in search of refuge.

With the approaching winter, our work is only becoming more urgent. Together, let’s delve into the current crisis facing Baalbek and how we, as a united ummah, can provide meaningful, impactful support to those affected.

The Crisis in Baalbek: Conflict and Displacement

The city of Baalbek, a historic landmark and cultural center, has recently been thrust into turmoil. Bombings and ongoing skirmishes have led to significant destruction of infrastructure, leaving many homes and essential buildings in ruins. As a result, families are fleeing northward toward Lebanon’s border with Syria, where they face grueling conditions and inadequate shelter.

For many, the journey is filled with hardship. Women and children, the most vulnerable, are bearing the heaviest burdens. The cold autumn nights are fast turning into harsh winter conditions, and those who have managed to escape face chilling temperatures with little to no access to heating equipment, warm clothing, or sufficient shelter. Tents are few, and the limited heating sources like oil and diesel are nearly impossible to acquire due to the danger and complexity of transport.

The Urgent Needs: Food, Water, and Shelter

Securing basic resources has proven difficult under these circumstances. Our brothers and sisters lack the simplest yet most essential items: clean drinking water, dry food, and other necessities to make their temporary shelter survivable. Providing even the basics for cooking–such as potatoes, onions, and tomatoes–is hindered by long and often restrictive inspections along transport routes. Our charity is working to deliver durable food items like beans and dry grains that can withstand the journey, insha’Allah, but we must be prepared for long wait times and limited quantities.

Without sufficient clean water, health risks rise, especially among children and the elderly. The harsh weather, combined with a lack of sanitation, increases the risk of illness. Our aim is to ensure that every family has at least the bare essentials to cook, stay warm, and remain safe from preventable diseases.

How You Can Help: Crypto Donations for Baalbek

We at Our Islamic Charity believe that every bit of help makes a profound difference, and your support can directly impact these lives. For those who wish to contribute, we are accepting crypto donations, a secure and efficient way to deliver aid amidst these complex circumstances. Crypto donations allow us to quickly convert funds into vital supplies and distribute them where they’re needed most. By donating, you become part of a resilient network of support for our brothers and sisters in Baalbek in Lebanon.

Every donation, whether large or small, fuels our mission to bring relief to those enduring unimaginable hardship. Your contributions help us stand beside the people of Baalbek, provide warmth and nourishment, and, ultimately, affirm our collective humanity and commitment to charity as guided by our deen.

Standing Together as an Ummah

The plight of Baalbek’s people is a reminder of our duty to support each other through trials. The Quran and Hadith encourage us to give charity, especially to those suffering from war and displacement.

The Prophet Muhammad (peace be upon him) taught that we are like one body; if one part suffers, all parts feel the pain.

Together, as an ummah, we can help our brothers and sisters overcome this difficult period. Let us remain steadfast in our commitment to provide relief and comfort to those in need, demonstrating our shared faith and compassion.

In these times of hardship, may Allah bless our efforts and grant ease to the people of Baalbek. We pray for their protection and strength and remain committed to standing by them. Join us in this mission, and let’s work together to bring light and hope to those in darkness.

 

 

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