You can give all of your zakat to one person as long as he/she is eligible. You may also divide up your zakat and pay it to several people, as long as they are eligible under one of the eight categories.
Can I give Zakat to several people? Read More »
As freshman commence their journeys, sophomores return for another year, juniors pray they can make it to senior year and seniors struggle with senioritis, it’s time for all of us to take a step back and learn so that gaining education doesn’t cost us the rest of our lives.
Ten Tips for Muslims with Student Debt Read More »
Notice that when Allah speaks about business in the Quran
That the only time he’s made it permissible for us to take wealth from someone else
is through the act of trade
Video: Financial Independence and Ethical Business – IOK Khutbah Read More »
Each one of us dreams of being wealthy, having a nest egg, and being secure for the rest of our lives. One way to build that wealth is to invest. Remember, dreams are good, but preparation is better. The journey of a thousand miles starts with a few steps, so if you want to start on the path to financial security, youll need a plan. When building an investment strategy, keep these five things in mind:
Building an Investment Strategy: 4 simple steps to get you started Read More »
Let’s look at the issues at hand above based on the two questions presented:
How much Zakat is paid on business partnerships and investments?
Is my retirement account (such as 401k, IRA, or similar) liable for Zakat?
There is general agreement that Zakat is not to be given to anyone who is fighting against Islam and Muslims; this is a point that does not need much elaboration. As for others who are non-combatant, and do not show enmity towards Islam and Muslims then medieval scholars differed as to whether such a person can be given Zakat.
Can Zakat be given to Non-Muslims? Read More »
Who has to pay Zakat?
Zakat is due on the wealth of any Muslim, young or old, male or female, that is held in savings for one calendar year and is more than the Nisab.
20 Questions on Zakat: A quick and easy guide to understanding Zakat Read More »
If you are saying “I’m in college and broke!” You’re not alone. Remember, financial planning is still relevant to you, even if you are just getting by. Here’s 7 tips to help you plan your finances while studying.
Financial Planning Tips for College Students Read More »
There are three popular opinions about paying Zakat on Jewelry. One that states it is never paid, another that differentiates between that worn for adornment versus that held for value, and the third that states any jewelry is liable for Zakat as long as it reaches Nisab. The more correct of these three opinions is the third, that Zakat is always paid without exception on any gold or silver that is in possession for one year or more.
Zakat on Gold and Silver Jewelry Read More »
Joe Bradford interview with MuslimWealthClub, a group that focuses on teaching others dropshipping and other sustainable models of sale.
My interview with MuslimWealthClub Read More »
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