Zakat Expert

NZF now accepting Zakat via Bitcoin and Ethereum

Bitcoin wallet address is:

bc1qvm20dcpy2dclyxx7y2qjude87qmw7eakgsslvh

NZF Crypto Zakat

Ethereum wallet address is:

0xF1eD0A2ce13044b473e0186Caf72ff2257AC2805

Thank you for your support!

 

Zakat is an ancient tradition but the way you give it doesn’t have to be.   

We’re bringing the 21st century believer one step closer to helping our brothers and sisters in need by leveraging the latest technology. 

If you have Zakat due on your Crypto holdings you can now pay it directly into our Bitcoin or Ethereum walletOr, if you want to pay your full Zakat amount in the form of Crypto, you can do that too.

You can also givSadaqah in the form Bitcoin and Ethereum.  

Try it today – give Zakat in Bitcoin and Ethereum.

Is Zakat due on Crypto currencies?

According to our understanding, Crypto currencies are Zakatable. One may pay 2.5% of their Crypto holdings as Zakat or alternatively, pay 2.5% Zakat in one’s domestic currency equivalent to the value of 2.5% of one’s Crypto holdings.

To learn more about why Zakat is due on Crypto currencies click below

Knowledge Bank – Zakat on Crypto Currencies

Know

How can I let NZF know my donation preferences?

Fill in the Giving Form if you are giving using Crypto. In the giving form, you can let us know how you’re giving, when you gave or are giving, what you are giving (e.g. Zakat or Sadaqah), where you’d like your Zakat to go, the amount you are giving, whether we can claim gift aid, and how we can get in touch with you to thank you. We’ll email you a printable copy of your completed form.

If you can’t fill in the giving form for any reason, email giversupport@nzf.org.uk to let us know

  • how you’re giving (bank transfer or cheque), and -if paying by bank transfer- bank reference,
  • when you gave or are giving,
  • what you are giving (e.g Zakat or Sadaqah),
  • the amount you are giving,
  • whether we can claim gift aid, and your name so we can get in touch with you to thank you.

Unless we hear otherwise, we’ll apply the ‘let NZF decide’ preferences for where your Zakat goes.

Giving Form

Are Bitcoin and Ethereum donations anonymous?

Yes, they work the same as a cash donation in that anyone can send them to us without providing their details. However, to tell us how you’d like us to use your donation eg. Zakat, Sadaqah etc. then please do so using our Giving Form.

Giving Form

Is it safe and secure to donate Bitcoin and Ethereum to NZF?

Yes, we’ve selected a provider that we believe offers the best level of protection for our Bitcoin in a hosted ‘wallet’ using two-factor authentication and AES encryption.

As with all online transactions you should take care when entering your information and follow reasonable security measure with your personal information.

A unique feature of the Crypto currencies is that all transactions where funds move from one wallet to another are publicly visible in a public ledger that forms the basis of the Crypto system – called the blockchain.

At present we have chosen to receive Bitcoin and Ethereum donations directly as a pilot scheme. Once the infrastructure and providers in the field mature, and, assuming there is demand, we will review integrating Crypto into our standard donation pages.

Worried that the value may be different at the time we convert it? 

We aim to convert your Crypto payment into Sterling (GBP) within five working days. In this time, the value of your payment may fluctuate up and down. The amount of Zakat we distribute in GBP will be based on the value of your payment at the time we convert it.

Don’t worry. When we receive your Zakat payment, we take receipt on behalf of the beneficiaries. This receipt signifies your Zakat obligation being discharged. 

To learn more about when your duty to pay Zakat is discharged click below

Knowledge Bank – When is my duty to pay Zakat discharged?

What is the easiest way to pay Zakat on Crypto?

When you pay your Zakat on your Crypto holding, you can pay your 2.5% using Crypto, just like you would when you pay in Sterling for any Sterling you have. So if you hold 1 BTC, your Zakat liability is 0.025 BTC.

This is the easiest and most cost-efficient way of paying your Zakat on Crypto currencies.

How can I ask a question about giving in Crypto?

If you have any questions about how to give using Bitcoin or Ethereum, please contact Rizwan at rizwan@nzf.org.uk

Bring Zakat to life where you live

 

Give now Calculate