Home Zakat Information 12.15 Severance Package
12.15. Severance Package
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Severance Package

 

Quite often, employers offer a severance package while laying off employees from the job. This package includes some monetary and some non-monetary benefits. Monetary compensation is Zakat-able if that money has not been spent at end of a person's Zakat year - thus he will pay Zakat thereon 2.5% of the amount. On the other hand, if he has used the money to buy a house, before the end of his Zakat year, no Zakat will be payable on that.

 

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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.

 Combined Federal Campaign

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