£50 - Qurbani / Cow Share
£330 - Qurbani / Full Cow
£110 - Qurbani / Goat / Sheep
£75 - Ration / One Family
£150 - Ration / Two Families
£75 - Sponsoring / One Widow (1 Sewing Machine)
£150 - Sponsoring / Two Widows (2 Sewing Machines)
£160 - Livelihood / 1 Special Person
£350 - Livelihood / 2 Special Persons
£200 - Education / Monthly Support
£700 - Education / Per Annum Support (1 Student)
£1500 - Education / Per Annum Support (1 Year Fee)

Every able Muslim is obligated to tackle inequality by giving Zakat. Akhuwat can help you do it sustainably.

This Ramadan, power up your Zakat by donating to our Community Support Fund.

ABOUT ZAKAT

Zakat is an obligatory charity in Islam. It enables the distribution of surplus wealth to the needy. At Akhuwat, we believe Zakat has the power to eradicate world poverty if it were applied on a wide enough scale.

The term ‘Zakat’ in Arabic literally means to cleanse. As the third pillar of Islam, Zakat is a form of worship and a way for us to cleanse our wealth.

HOW ZAKAT WORKS

Paying Zakat is mandatory for all Muslims who have surplus wealth, which they aren’t using for their own basic needs. These surplus savings you have must be above a set minimum amount, called ‘Nisab.’ If it is, and if you’ve held these savings for a year, then you should be paying Zakat. Your Zakat is calculated on 2.5% of your savings, which the poor and needy have a right over.

WHAT IS THE VALUE OF NISAB

The value of Nisab is determined through today’s value of gold and silver.

  • 87.48 grams (3oz) is Nisab by the gold standard
  • 612.36 grams (21oz) is Nisab by the silver standard

WHAT KIND OF WEALTH IS ZAKAT PAYABLE ON

Zakat isn’t payable on personal assets like the home you live in or the car you drive. Neither is it payable on tools of trade, which allow you to earn a living. Assets that Zakat is payable on include:

  • Cash (in hand, in a bank account or lent to others)
  • Investments that provide income (such as shares etc.)
  • Pensions
  • Gold (such as jewellery and stocks)
  • Silver (such as jewellery and stocks)
  • Business stocks

WHO CAN RECEIVE ZAKAT

According to the Islamic rulings, Zakat may only be paid to Muslims.  There are eight types of people or causes we can give our Zakat to, namely:

  • The poor – people who have no wealth or income
  • The needy – people who have no assets and whose income doesn’t cover their basic needs
  • The traveller
  • People employed to administer Zakat funds
  • New Muslims
  • People in bondage
  • People in debt
  • To be spent in the cause of Allah (SWT)

WHAT AKHUWAT DOES WITH YOUR ZAKAT

Akhuwat turns your Zakat into Shariah-approved Community Support Fund advances for widows and needy families through our core programme. Our recipient families use the resources from the advances granted to gain a sustainable livelihood or to boost the one they already have. This lifts them out of poverty through their own hard work.

Akhuwat’s support is granted to worthy families strictly without additional charges, so our recipients only pay back the capital amount they’ve borrowed. No one makes a profit off their hard work, but them.

Next year, the widows and families who received your Zakat won’t be reliant on charity anymore. And when they pay us back, we’ll recycle their monthly instalments to help different families with new Community Support Fund advances. In this way, together, we’re helping to break the poverty cycle. The Zakat you give just once will keep on supporting the needy over and over again.

HOW TO CALCULATE ZAKAT

Most people are daunted by the process of calculating Zakat, but it’s actually quite straightforward. It’s even more straightforward with our Zakat Calculator. But if you’d rather do it yourself, here’s a breakdown of how:

First, you need to know the accurate price of gold/silver today to work out the monetary value of Nisab. So, if the Nisab by gold standard is 87.48; and if the price of gold was £30 per gram; then you could work out the value of Nisab as follows: 30 x 87.48 = 2,624.40.

That means that if you have £2,624.40 or more in assets/savings you are eligible to pay Zakat. The amount you’ll have to pay is 2.5% of your total savings (after a year’s worth of living expenses, and provided you’ve had that amount for a full year.)

As per these prices, the Zakat you’d have to pay would be £65.61.

Please note that the calculation above is just an example of how to work out your Zakat, and you shouldn’t take it as an up-to-date representation of current gold prices. If you’re still unsure about how to calculate your Zakat or are worried you might get it wrong, please use our Zakat Calculator.

Akhuwat UK Trust
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