Zakat Al Fitr – The Basics
Written by Barakah Capital Founder – Bilal Dannoun Understanding Zakat Al-Fitr: The Second Zakat As the crescent moon heralds the end of Ramadan, Muslims worldwide prepare to celebrate Eid Al-Fitr, not just as a festival of breaking the fast, but also as a time of giving through Zakat Al-Fitr. This charitable act is a purification […]
Zakat on Gold and Silver Jewellery: A Comprehensive Guide
Zakat, one of the five pillars of Islam, is a compulsory act of charity that plays a crucial role in the redistribution of wealth and the alleviation of poverty within the Muslim community. This article aims to demystify the rules surrounding Zakat on gold and silver jewelry, providing clear guidelines and example calculations to help […]
Zakat on Cash For Beginners
Understanding Zakat: Sharing Your Treasure Zakat is akin to sharing a piece of your treasure with those who need it most. When your treasure chest (or savings) becomes really full, Islam instructs you to take a little bit out and give it to people who might not have enough. This act of giving not only […]
Crafting Your Best Ramadan through Visualization
Ramadan Message by Founder and CEO of Barakah Capital – Sheikh Bilal Dannoun Ramadan is a month of profound spirituality and self-improvement. To make the most of this blessed month, whether you’re reading this in anticipation or during Ramadan, visualizing your spiritual journey can be incredibly powerful. Here’s how to envision making this your best […]
Prohibition of Riba (Usury and Interest)
Prohibition of Riba (Usury and Interest)by Bilal Dannoun As the Founder and CEO of Barakah Capital, my commitment to guiding our community towards ethical financial practices is paramount. A critical aspect of this guidance is addressing Riba, or interest-based transactions. Despite its clear prohibition in Islam, the casual approach some adopt towards riba is deeply […]
Navigating Wealth and Finance: A Guide for the Modern Muslim
In the complex landscape of modern finance, Muslims face the challenge of ensuring their financial activities align with Islamic principles. The sophistication of today’s financial systems demands a nuanced understanding of managing finances in a way that is both economically advantageous and spiritually compliant. At Barakah Capital, we are dedicated to guiding our community towards […]
Zakat on Capital For Trade and Their Returns: Insights for Barakah Capital Investors
Introduction to Zakat In the realm of Islamic finance, Zakat stands as a cornerstone, promoting the fair distribution of wealth and reinforcing the bonds of community among Muslims. For investors at Barakah Capital, grasping the nuances of Zakat on both invested capital and the returns on investment (ROI) is crucial for fulfilling this religious obligation […]