By Professor Habib Ahmed, Director of Research and Development Figures cited for the potential global zakat pool from different sources vary widely from US$ 200 billion to US$ 1 trillion. Given the wide range of potential estimates, a question arises how these figures are arrived at. The problem to estimate
By Shuaib Mansoori, Regional Development Manager, National Zakat Foundation Canada A cornerstone of Islam is empathy for the poor and the vulnerable. The Qur’an contains hundreds of verses in which God instructs believers to be merciful, kind, generous, gentle, and live by ideals that shun exploitation of all types which
. By Azim Kidwai, Chair and Executive Director “Of their goods, take zakat, so that you might purify and sanctify them.” (9:103, Qur’an) This is a wonderful verse from the Quran, as it gives a window into the more spiritual dimension of the third pillar of Islam. Zakat is often
By Imad el-Fadili, CEO of Nationaal Zakat Fonds “Be the leader you wish you had”. “True leaders don’t create followers; they create more leaders.” These quotes sound familiar, right? Most probably you have also been jumping from one leadership seminar to the other and reading dusty
by Mufti Faraz Adam Zakat as a System Every guidance in Islam is full of benefits. The primary benefit of the revealed guidance is to connect us with Allah. The guidance is to show mankind the straight and direct path to be Godly, to be aware of the
We are delighted to announce that our director of governance, Dr Ibrar Majid, has been awarded an MBE in the Queens Birthday Honours 2020 for services to healthcare. A consultant paediatric orthopaedic surgeon by profession, Dr Ibrar has been instrumental at developing good governance in Zakat practice and management previously
This report outlines the juristic precedence in determining proxies for the Zakatable assets held in pension funds as well as the findings and the recommendations for Muslim pension fund members in the United Kingdom for calculating their Zakat liability. A four-month project in determining reasonable proxies for the various types
Zakat is the third of five core pillars of Islam and by Quranic ranking, is next after Prayer in importance. It has been interlinked with Prayer 28 times in the Quran. Zakat functions and is calculated in a similar manner to a wealth tax, but it is so much more
According to today’s report in The Guardian, a third of the world is in lockdown in the fight against COVID-19. The experts’ advice is self-isolation, lockdowns and complete social distancing. Hospital staff are doing a tremendous job on the frontline and deserve all the praise and support. Governments are injecting
By Mufti Faraz Adam The proponents of blockchain technology project that it could account for as much as 10% of global GDP by 2025. Whilst much of the focus for Blockchain has been on payment systems for commercial use, clearance, settlement, securities trading, the potential benefits of blockchain for social
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