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Subject: Do You Know How to Properly Calculate Your Zakat? PDF Print E-mail

 

September 27, 2007

 

As Salaamu Alaikum (Peace be upon You), 

The Prophet (peace be upon him) said: "Allah has enjoined upon rich Muslims a due to be taken from their properties corresponding to the needs of the poor among them. The poor will never suffer from starvation or lack of clothes unless the rich neglect their due. If they do, Allah will surely hold them accountable and punish them severely." (related by At-Tabarani in Al-'Aswat and as-Saghir). 


It is a fact that today Muslims all over the world are suffering from starvation, lack of proper education, shelter and clothing.  To find answer to these hard questions, perhaps we should ask ourselves:

1. If we really understand that Zakat is an obligatory charity - an act of worship - not a tax? 

2. In today's complex financial world, do we know how to correctly calculate Zakat on Stocks, Mutual Funds, Stock Options, Employee Stock Purchase Plan (ESPP), 401K, IRA, Life Insurance, Jewelry, etc.?

3. As a result, are we properly paying what is due upon us (Zakat)?

 

To find out more about how to Calculate Zakat on Stocks, Mutual Funds, ESPP, 401k, and other modern day financial options, please visit:

http://www.hidaya.org/zakat

 

Should you still have questions and need some help, e-mail us your questions at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or call us toll-free at (866) 244-3292.

 

To donate your Zakat online via electronic check or credit card, please visit:

https://donation.hidaya.org/donation.aspx?projectId=40

 

To view photos of Zakat Distribution during last Ramadan 1427 (September / October 2006), please visit:

http://www.hidaya.org/images/socialwelfare/zakat_distribution/

 

 

Sincerely,

Waseem Baloch

Office: (408) 244-3282

Toll free: (866) 244-3292

E-mail: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 

Hidaya Foundation is a US based non-profit 501(C)(3) charitable organization, with Tax ID # 77-0502583. Its mission is to implement charitable projects in economically depressed areas of the world.

 
 

Sitara-e-Isaar Awarded to Hidaya Foundation

Hidaya Foundation was awarded Sitara-i-Eisaar (Star of Sacrifice) by the Government of Pakistan, in recognition of the results-oriented relief efforts during the 2005 earthquake in Pakistan, during a special ceremony held at the Embassy of Pakistan in Washington, DC, on September 21, 2006.

 

Hidaya Foundation is a non-profit 501(c)(3) educational and charitable organization with FEIN 77-0502583. Your donations are tax deductible. Hidaya Foundation puts it’s best effort to utilizie the funds donated for a specific project, sometimes circumstances dictate we use funds otherwise.