Money in Ramadan

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Allah says in the holy Quran – “Allah will destroy Riba (interest) and will give increase for Sadaqat (deeds of charity, alms, etc.) And Allah likes not the disbelievers, sinners”. (Surah 2 Al-Baqara 276)

So this gives focus to 2 areas;

Charity/Zakat: In the month of Ramadan we tend to give huge energy and emphasis to doing deeds and giving in charity.  And it’s the month many of us calculate and give our Zakat.  Zakat is an obligatory worship so it is crucial we understand, calculate and distribute it correctly.  And really the onus is on ourselves to self-educate about this pillar.  Zakat is not straightforward – one needs to spend time studying it.  Here are some online sources and talk which I am giving.

  • Zakat.org :  As well as the website, they have a booklet you can download.  This is the best resource in the English language I have found on Zakat.  They adopt a madhab neutral approach.  Their book is mainly based on FIQH AL ZAKAH (VOLUME I & II) – DR. YUSUF AL QARDAWI ( a 700 page volume).
  • nzf.org.uk :  An excellent website, with lots of resources – videos, Q & A etc. based on Hanafi madhab.
  • Zakat Education Workshop:   Insha’Allah a comprehensive talk I am giving on Zakat tomorrow.  The talk is mainly based on a. with some elements of b.        

Avoiding Riba/Interest: We should be doing our maximum to avoid interest in all our financial affairs.  Make the right intention and make a start in Ramadan.  Some key action points:

 May everyone have a rewarding and blessed end of Ramadan.