How to get Zakat-Verified

Getting your Zakat campaign verified is easy! All you have to do is select ‘Yes, this campaign is Zakat eligible’ (as shown below) when creating your campaign. Once your campaign is live, Shaykh Joe Bradford will verify the eligibility of your campaign. If considered eligible, your campaign will be added to the Zakat verified page and a Zakat verification badge will be placed on your campaign page.

Only those campaigns considered Zakat eligible by Shaykh Joe Bradford will be added to the Zakat verified page.

It generally takes upto 4 business days to verify a Zakat campaign.

This Ramadan your verified Zakat campaign can receive thousands of dollars in boosts! Top campaigns with the most number of unique donors on 23rd, 25th, and 27th of Ramadan have the chance to win.

Contest dates:
Ramadan 23 (May 16) – 3 prizes $3000, $2000, $1000
Ramadan 25 (May 18) – 3 prizes $3000, $2000, $1000
Ramadan 27 (May 20) – 5 prizes $3000, $2000, $1500, $1000, $500

Winners will be announced at approximately 7 PM EST on each contest day. Numbers of entries will be counted between 7 PM EST on the day prior to contest day and 7 PM EST on the day of contest. (e.g.: Ramadan 23 (May 16) entries will be counted between May 15, 7 PM EST and May 16, 7 PM EST)

LaunchGood is conducting various giveaways throughout Ramadan. If your campaign places in multiple giveaways on the same day, you will receive only 1 boost from the one with greater value. Only individual campaigns are qualified for the giveaway - no collection of campaigns or teams.

Zakat calculation can sometimes get confusing and we don’t want anyone to be unsure about their Zakat. If you have Zakat related questions, you can get your questions answered by our scholarly partner Joe Bradford. You can also use our Zakat calculator to make Zakat calculation quick and easy!

Ask away! Reach out to our Zakat manager at zainab@launchgood.com. We’d love to hear from LaunchGooders all over the world!

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. Example: If both you and your children have separate savings of $1000 or more for one year, you must pay Zakat on both accounts, not just yours. $25 for your savings, and $25 for your child’s.

The following are liable for Zakat:
1. Gold & Silver
2. Paper currency held in cash or in the bank
3. Tradable assets owned by your business
4. Crops and herded animals.

Calculate your balance sheet, on-hand savings, various current accounts, and marketable securities. If the total is more than the Nisab for an entire year at any given month, you must pay Zakat on it. Example: You see that your bank account shows a balance of 1500 USD from Ramadan of last year until Ramadan of this year. You pay 2.5% on 1500 = $37.50 USD.

The nisab for silver (as of 4/21/2020) is $303.914 USD. For calculating cash, savings, and tradable assets, the Nisab for SILVER is always used, not the one for gold.

You can use our Zakat calculator to make Zakat calculation quick and easy! Zakat calculation can sometimes get confusing and we don’t want anyone to be unsure about their Zakat.

If you have Zakat related questions you can get them answered by our scholarly partner Joe Bradford.

If you can collect at any time (i.e. it is good debt) then yes you must calculate that into your Zakat as above. If they are refusing to pay (i.e. it is bad debt) or are unable to pay you because of financial distress, then you do not pay it at this time.

If it is more than the Nisab and has been owed for more than a year, you pay Zakat for one year only once you collect.

If it is less than the Nisab, then you add that money to your savings and wait for the next time you pay zakat.

You do not pay Zakat on your 401k, your IRA, or any account to which you do not have access until you cash out without penalty. At that time you pay Zakat for one year.

You do not have to pay Zakat on any personal assets or capital assets. Zakat is only due on surplus wealth that is over the Nisab for a year or more.

Zakat is to be given to eight categories of people designated in Surah Taubah 9:60: (1) The destitute, (2) The poor, (3) those collecting and distributing Zakat, (4) those whose hearts need softening, (5) in manumission, (6) in paying off debts, (7) in God’s path, (8) and helping the travelling who are stranded.

A man cannot pay zakat to his wife, because he is obligated to provide for his wife; anyone you are obligated to maintain financially then you may not give them your Zakat. This includes your wife, your children, and your parents. Your siblings, cousins, uncles and aunts can receive your Zakat. Your wife however is not obligated to maintain you financially, she may give you from her Zakat ONLY if you are needy and included in one of the above eight categories.

Yes, you must pay Zakat on it, regardless of whether it is for adornment/decoration, you wear it or not, or if it was inherited. ANY gold or silver you have, if it is more than Nisab, Zakat must be paid on it.

If you have 95 grams of gold or more, then you are liable to pay Zakat on that gold. If you have 595 grams of silver or more, then you are liable to pay Zakat on that silver.

Yes, you may pay your zakat for next year in advance along with this year. However, if your earnings and savings change so that you owe more, you will have to pay the difference later.

You should look back to your balance statements and estimate your liability for the past years, then pay for those years.

Zakat-al-Fitr is paid in expiation for the sins and mistakes we commit during Ramadan. It is paid as 2.5 kilos or 5 pounds of wheat, dates, rice, etc. You may pay the cash value of rice if you like.

Ask away! You can send your questions to our scholarly partner, Shaykh Joe Bradford.