ZAKAT CALCULATION SESSIONS ON FACEBOOK LIVE
📊 Still need to calculate your Zakat but just don't know where to start?
This weekend, the National Zakat Foundation have 3 Zakat Workshops and Q&As where you can be better informed about accurate Zakat calculation.
⏰Fri 9th Jun @ 7pm
Zakat Calculation + Q&As by Mufti Faraz Adam
⏰Sat 10th Jun @ 7pm
Zakat Calculation + Q&As by Mufti Billal Omarjee
⏰ Sun 11th Jun @ 6pm
Zakat Made Easy with Shaykh Abid Khan
Send your questions via SMS to +447875662909
or on the day!
Share this message! 💌
📊 Still need to calculate your Zakat but just don't know where to start?
This weekend, the National Zakat Foundation have 3 Zakat Workshops and Q&As where you can be better informed about accurate Zakat calculation.
⏰Fri 9th Jun @ 7pm
Zakat Calculation + Q&As by Mufti Faraz Adam
⏰Sat 10th Jun @ 7pm
Zakat Calculation + Q&As by Mufti Billal Omarjee
⏰ Sun 11th Jun @ 6pm
Zakat Made Easy with Shaykh Abid Khan
Send your questions via SMS to +447875662909
or on the day!
Share this message! 💌
📊 Today’s silver #Nisab is £259.33p based on the silver price of £0.42 per gram. These figures are updated daily on the National Zakat Foundation website: www.nzf.org.uk/nisab
NZF
Live Nisab Rates
Check today's Nisab rates for gold and silver. Nisab values are updated daily. Find out exactly what the Nisab covers and who these rates apply to.
⏳Starting in just over two hours time on https://www.facebook.com/NZF.org.uk/
A transcript of a recent speech delivered by Iqbal Nasim, Chief Executive of National Zakat Foundation, on Saturday 20th January 2018 at a one day conference organised by the Muslim Council of Britain, entitled, ‘Our Mosques Our Future’:
https://www.nzf.org.uk/blog/how-salat-and-zakat-can-transform-our-situation/
Read | Reflect | Share
https://www.nzf.org.uk/blog/how-salat-and-zakat-can-transform-our-situation/
Read | Reflect | Share
National Zakat Foundation Blog
How Salat and Zakat can transform our situation – National Zakat...
#citizenship #debt #iqbalnasim
*Muslims urged to spend Zakat charitable giving in the UK*
Kaya Burgess, Religious Affairs Correspondent, The Times
https://www.thetimes.co.uk/article/muslims-urged-to-spend-zakat-charitable-giving-in-the-uk-7772c9lm8
The East London Mosque boosted donations by £10,000 after installing contactless terminals
Hundreds of millions of pounds donated by Muslims each year as part of their religious duty should be spent in the UK rather than on overseas aid, mosque leaders have been told.
One of the five central tenets of Islam is Zakat. It calls on Muslims to donate 2.5 per cent of their wealth to help the needy. Iqbal Nasim, chief executive of the National Zakat Foundation, said British Muslims gave up to £300 million in Zakat each year. He said that more than 98 per cent was donated for overseas aid but Islam taught that zakat should support the donor’s local community.
The first big conference in Britain for mosques to share expertise on how to improve governance, outreach and security was held in London on Saturday, run by the Muslim Council of Britain. It heard that many mosques were “not fit for purpose” and risked becoming “defunct” if they did not become more like community centres.
Several mosques have set up youth clubs, homeless services, football teams, cafés, toddler groups and advice centres but many were still run solely as places of prayer, said Ishtiaq Ahmed, co-founder of the Bradford Council of Mosques, Britain’s oldest, set up in 1981.
Funding was part of the problem, he said. “[There are] Islamic charities in the UK which get millions in funds raised from UK donors. With a few exceptions, investment in the UK is not a priority for them.”
The National Zakat Foundation focuses spending in the UK and helped to distribute funds to Grenfell victims. Mr Nasim said that too little Zakat money was donated to local causes. He said this had contributed to severe problems within Muslim communities in Britain, including above-average levels of unemployment, poverty and health difficulties. Mr Nasim said Muslims could still donate separately to overseas aid but Zakat was different.
“Zakat is not charity,” he said. “It is more like a tax. It is supposed to be focused on the local areas where supporters live.”
The 2.5 per cent zakat rate is owed on wealth above a threshold, usually equivalent to 600g of silver, worth about £250. In 2016 an estimated £100 million was donated by British Muslims in the month of Ramadan alone.
Mr Nasim said Zakat was worth up to £500 million each year if full dues were paid. Spending this in the UK would transform Muslim communities, he said, alleviating poverty and promoting Islam.
Mr Ahmed told the “Our Mosques, Our Future” conference that more funding was needed for community projects. “Our mosques are by and large not fit for purpose,” he said. “We cannot allow them to become defunct.”
He told The Times: “Pastoral care is very important. Churches provide that and mosques need to think beyond just being a place of worship, in terms of being community hubs and catering for people’s needs.”
The Bradford Council of Mosques has set up two centres, with a sports hall, conference rooms and a café, and offering services for older people and those with learning disabilities. The Lewisham Islamic Centre runs a youth club, has two football teams and offers English lessons, mother and toddler groups and a gym.
• Mosques around the country are in talks to install contactless payment terminals after a successful scheme in London. The East London Mosque has raised more than £10,000 extra over six months after becoming the first in the country to install electronic donation points, placing four at the building’s exits, programmed to deduct £3 with one tap of a worshipper’s bank card.
Kaya Burgess, Religious Affairs Correspondent, The Times
https://www.thetimes.co.uk/article/muslims-urged-to-spend-zakat-charitable-giving-in-the-uk-7772c9lm8
The East London Mosque boosted donations by £10,000 after installing contactless terminals
Hundreds of millions of pounds donated by Muslims each year as part of their religious duty should be spent in the UK rather than on overseas aid, mosque leaders have been told.
One of the five central tenets of Islam is Zakat. It calls on Muslims to donate 2.5 per cent of their wealth to help the needy. Iqbal Nasim, chief executive of the National Zakat Foundation, said British Muslims gave up to £300 million in Zakat each year. He said that more than 98 per cent was donated for overseas aid but Islam taught that zakat should support the donor’s local community.
The first big conference in Britain for mosques to share expertise on how to improve governance, outreach and security was held in London on Saturday, run by the Muslim Council of Britain. It heard that many mosques were “not fit for purpose” and risked becoming “defunct” if they did not become more like community centres.
Several mosques have set up youth clubs, homeless services, football teams, cafés, toddler groups and advice centres but many were still run solely as places of prayer, said Ishtiaq Ahmed, co-founder of the Bradford Council of Mosques, Britain’s oldest, set up in 1981.
Funding was part of the problem, he said. “[There are] Islamic charities in the UK which get millions in funds raised from UK donors. With a few exceptions, investment in the UK is not a priority for them.”
The National Zakat Foundation focuses spending in the UK and helped to distribute funds to Grenfell victims. Mr Nasim said that too little Zakat money was donated to local causes. He said this had contributed to severe problems within Muslim communities in Britain, including above-average levels of unemployment, poverty and health difficulties. Mr Nasim said Muslims could still donate separately to overseas aid but Zakat was different.
“Zakat is not charity,” he said. “It is more like a tax. It is supposed to be focused on the local areas where supporters live.”
The 2.5 per cent zakat rate is owed on wealth above a threshold, usually equivalent to 600g of silver, worth about £250. In 2016 an estimated £100 million was donated by British Muslims in the month of Ramadan alone.
Mr Nasim said Zakat was worth up to £500 million each year if full dues were paid. Spending this in the UK would transform Muslim communities, he said, alleviating poverty and promoting Islam.
Mr Ahmed told the “Our Mosques, Our Future” conference that more funding was needed for community projects. “Our mosques are by and large not fit for purpose,” he said. “We cannot allow them to become defunct.”
He told The Times: “Pastoral care is very important. Churches provide that and mosques need to think beyond just being a place of worship, in terms of being community hubs and catering for people’s needs.”
The Bradford Council of Mosques has set up two centres, with a sports hall, conference rooms and a café, and offering services for older people and those with learning disabilities. The Lewisham Islamic Centre runs a youth club, has two football teams and offers English lessons, mother and toddler groups and a gym.
• Mosques around the country are in talks to install contactless payment terminals after a successful scheme in London. The East London Mosque has raised more than £10,000 extra over six months after becoming the first in the country to install electronic donation points, placing four at the building’s exits, programmed to deduct £3 with one tap of a worshipper’s bank card.
www.thetimes.co.uk
Muslims urged to spend zakat charitable giving in the UK
Hundreds of millions of pounds donated by Muslims each year as part of their religious duty should be spent in the UK rather than on overseas aid, mosque leaders have been told. One of the five...
'Is there a Zakat levy on one’s Bitcoin holdings? by Mufti Faraz Adam
https://www.nzf.org.uk/blog/is-there-a-zakat-levy-on-ones-bitcoin-holdings/
Courtesy of Darul Fiqh (www.darulfiqh.com)
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https://www.nzf.org.uk/blog/is-there-a-zakat-levy-on-ones-bitcoin-holdings/
Courtesy of Darul Fiqh (www.darulfiqh.com)
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NZF
Is there a Zakat levy on one’s Bitcoin holdings? - NZF
📜 BLOG: When Islam eradicated Poverty: Umar b. Abdul Aziz and Zakat
The woes of modern day Zakat are in stark contrast to the success of Umar bin Abdul-Aziz, who is oft-mentioned as an exemplar of Zakat success. Historical accounts show that there was a surplus of Zakat funds during his reign i.e. there was so little poverty, that Zakat eligible recipients were scant...
https://www.nzf.org.uk/blog/when-islam-eradicated-poverty-umar-b-abdul-aziz-zakat/
The woes of modern day Zakat are in stark contrast to the success of Umar bin Abdul-Aziz, who is oft-mentioned as an exemplar of Zakat success. Historical accounts show that there was a surplus of Zakat funds during his reign i.e. there was so little poverty, that Zakat eligible recipients were scant...
https://www.nzf.org.uk/blog/when-islam-eradicated-poverty-umar-b-abdul-aziz-zakat/
National Zakat Foundation Blog
When Islam eradicated Poverty: Umar b. Abdul Aziz & Zakat –...
The potential of Zakat as a source of poverty eradication is optimistic and positive. However, the gulf between theory and reality can often be significant. In South and South East Asia, this gulf...
Multi-dimensional: on the different uses of Zakat
https://www.nzf.org.uk/blog/multi-dimensional-on-the-different-uses-of-zakat/
Whilst walking down Whitechapel Road during Ramadan, it was hard not to notice the sheer number of adverts by Muslim charities, attracting Zakat payments. And almost without exception, the adverts featured a miserable but endearing child, dressed in rags, with large deer-like eyes, inviting warmth and sympathy from beholders.
In doing so, the link between Zakat and poverty alleviation is established - surely there is more to Zakat than what is being presented?
Read | Reflect | Share
https://www.nzf.org.uk/blog/multi-dimensional-on-the-different-uses-of-zakat/
Whilst walking down Whitechapel Road during Ramadan, it was hard not to notice the sheer number of adverts by Muslim charities, attracting Zakat payments. And almost without exception, the adverts featured a miserable but endearing child, dressed in rags, with large deer-like eyes, inviting warmth and sympathy from beholders.
In doing so, the link between Zakat and poverty alleviation is established - surely there is more to Zakat than what is being presented?
Read | Reflect | Share
Ramadan is the time when many people pay their Zakat, which also makes it the ideal time to brush up on your Zakat knowledge. To help you do just that, NZF will be delivering workshops throughout the country so that you can fulfil this obligation in the best possible way.
Request your free workshop here: http://www.zakatworkshops.com/bookings
Got a question? Call us on ☎️ 03333 123 123 (local rates) or send an email to ✉️workshops@nzf.org.uk
Request your free workshop here: http://www.zakatworkshops.com/bookings
Got a question? Call us on ☎️ 03333 123 123 (local rates) or send an email to ✉️workshops@nzf.org.uk
Check out @NZF_org_uk’s Tweet: https://twitter.com/NZF_org_uk/status/985948772462186496?s=09
Twitter
National Zakat Foundation
The meta-categories of #Zakat expenditure as outlined by #Allah. An obligation on us all! https://t.co/3hT1lhSYkX https://t.co/5jkiF7VdWb https://t.co/PVmYia8vqF https://t.co/byMqHSfpm9 @iqbal_nasim @Darulfiqh @farazadam2 @LiaquatZaman82 @AlKautharWorld …
[ARTICLE] Going from Post to Pillar
As a pillar of Islam, Zakat has enormous transformative potential. But it remains untapped and it’s about time we let it make a comeback. After all, our future depends on it.
Let's see how we can turn this around: www.nzf.org.uk/blog/from-post-to-pillar/
As a pillar of Islam, Zakat has enormous transformative potential. But it remains untapped and it’s about time we let it make a comeback. After all, our future depends on it.
Let's see how we can turn this around: www.nzf.org.uk/blog/from-post-to-pillar/
We are now LIVE with Iqbal Nasim, who tonight is giving a perspective at the Dutch Hall, Central London on the topic ‘Reviving the Forgotten Pillar - The Purpose of Power of Zakat’.
https://www.facebook.com/NZF.org.uk/videos/2008400152564621/
https://www.facebook.com/NZF.org.uk/videos/2008400152564621/
Facebook
National Zakat Foundation
We are now LIVE with Iqbal Nasim, who tonight is giving a perspective at the Dutch Hall, Central London on the topic ‘Reviving the Forgotten Pillar - The Purpose of Power of Zakat’.
*Today at 4pm on www.facebook.com/NZF.org.uk*
📊 Tune into our first online workshop where Imam Abid Khan will be going through the essentials of Zakat calculation.
Send an SMS during/before the broadcast to 07875 662 909 or send your questions in the comments section and we will do our best to answer them.
📊 Tune into our first online workshop where Imam Abid Khan will be going through the essentials of Zakat calculation.
Send an SMS during/before the broadcast to 07875 662 909 or send your questions in the comments section and we will do our best to answer them.
National Zakat Foundation’s (NZF) recommendation to Muslim shareholders.
Calculating the Zakatable value on shares has always been difficult. At NZF we offered a proxy figure of 40% to help people to calculate their Zakat.
Over the last year we audited this proxy by analysing the balance sheets of the FTSE100. Having undertaken this surgical approach we are now able to suggest this proxy figure to be 25%.
Meaning that if you have difficulty working out the Zakatable value of the shares you own, you can now use the proxy of 25%.
Below is a link to the scholarly report and methodology on how we arrived at this new proxy.
https://www.nzf.org.uk/blog/zakat-on-share-investments-determining-a-proxy-for-calculation/
This report outlines the juristic precedence determining a proxy for calculation of Zakat on share investments, the methodology, the findings and the recommendations for Muslim shareholders for calculating their Zakat liability.
If you have further questions, please contact the Zakat Hotline on 03333 123 123 or send us an email on zakatquery@nzf.org.uk
Calculating the Zakatable value on shares has always been difficult. At NZF we offered a proxy figure of 40% to help people to calculate their Zakat.
Over the last year we audited this proxy by analysing the balance sheets of the FTSE100. Having undertaken this surgical approach we are now able to suggest this proxy figure to be 25%.
Meaning that if you have difficulty working out the Zakatable value of the shares you own, you can now use the proxy of 25%.
Below is a link to the scholarly report and methodology on how we arrived at this new proxy.
https://www.nzf.org.uk/blog/zakat-on-share-investments-determining-a-proxy-for-calculation/
This report outlines the juristic precedence determining a proxy for calculation of Zakat on share investments, the methodology, the findings and the recommendations for Muslim shareholders for calculating their Zakat liability.
If you have further questions, please contact the Zakat Hotline on 03333 123 123 or send us an email on zakatquery@nzf.org.uk
National Zakat Foundation Blog
Zakat on share investments: determining a proxy for calculation –...
This report outlines the juristic precedence determining a proxy for calculation of Zakat on share investments, the methodology, the findings and the recommendations for Muslim shareholders for...