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April 14th, 2024

Resilience and Flexibility in Life, Love, and Money

Relationships come in all shapes and sizes. Even how we deal with our money is a type of relationship. Every interaction contains an opportunity to either strengthen or weaken a relationship, whether its with your spouse, your co-worker, your business partners, or even your own self. By consciously looking for and responding to bids, you can cultivate the psychological flexibility needed to build thriving partnerships in all areas of life.
April 7th, 2024

Zakat al-Fitr Rulings

Zakat al-Fitr is an obligatory duty upon every Muslim, and it is the charity of the body that purifies the fasting person from indecent talk and vain discourse. It expresses the Muslim’s gratitude for Allah’s blessings in allowing food and drink after they were prohibited during the days of Ramadan. It is a form of purification for the soul and body, just as there is a charity for wealth that purifies and increases it.
March 31st, 2024

Alone in Ramadan with My Thoughts

As we enter the last ten nights of Ramadan, I’ve decided I’ll share some person reflections. As these nights rolled in, I’ve been overwhelmed with a sense of disappointment. Not that I have much to be disappointed about in life. I have a good life, Al-Hamdulillah. But being honest with myself, this is how I feel. An inconspicuous amount of distress has overtaken me. As I think through what in my life is causing these feelings, I first do the regular; I think about other people, their problems, and all the normal projections that come along with such thoughts. Someone else HAS to be to blame.
March 24th, 2024

Can I Take A Tax Deduction on my Zakat & Charity?

Claiming a tax deduction for Zakat and Sadaqa is not only permissible but recommended. These deductions ensure that your charitable contributions are acknowledged in your financial planning, you keep more of your own wealth, and are able to allocate your resources in a way aligned with your values and societal benefit.
March 17th, 2024

Islamic Ethics in Giving & Taking: Being “Ḥalal” Extends Beyond Food

Earnings obtained by infringing on others’ rights or through dishonest means are considered “suḥt,” or filthy. Therefore, “Ḥalāl” embodies a comprehensive ethical framework that promotes integrity, fairness, and mutual respect in all transactions, ensuring a community thrives on the principles of compassion, solidarity, and ethical stewardship. This includes business, charity, crowdfunding, and other areas.
March 10th, 2024

Zakat On Retirement Accounts

The principles of paying Zakat on retirement accounts are underscored by a commitment to consistency across various asset types, distinguishing between fixed assets and current, liquid assets as well as access and expected benefit from those assets. This distinction is crucial, especially when considering shares held within retirement accounts, effectively making the account holder a long-term investor in various businesses.

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