Project Details

AL-IMDAAD RADIO LIVE 24/7

South Africa

20 Mar 2023

HELP US CONTINUE TO SUPPORT EDUCATION IN SOUTH AFRICA FROM EARLY CHILDHOOD PHASE, RIGHT UNTIL TERTIARY LEVEL. DONATE NOW, MAKE A DIFFERENCE

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Background
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The Al-Imdaad Foundation’s education projects in South Africa have been ongoing for many years now and in that period the foundation has been able to support students and learners across educational levels from the early childhood development phase right until tertiary education. Through a number of projects which range from the establishment of specialised early childhood development centres, the provision of stationery and school bags, the furnishing of crèches and the provision of bursaries to students in a wide range of faculties and campuses, the Al-Imdaad Foundation is making an impact on the education of South Africans. Our education projects ensure that the neediest South Africans are not denied the luxury of an education due to the deprivation they experience. Our ECD centres are located strategically to ensure that disadvantaged communities are able to benefit from their activities. Similarly, during annual Back-2-School stationery drives every effort is made to ensure that the neediest students at schools in disadvantaged areas are targeted. Our bursaries also go to the most deserving students and we strive to make it possible for students who display a good academic performance to study in the faculty area of their choosing despite the financial constraints they may face.

Anonymous Receipts

Anonymous Receipts if enabled will show "Anonymous" as your name on your receipts . If you do not want your name to be shown on your receipts , enable Anonymous Receipts.If you do want your name to be shown on your receipts select "No" for Anonymous receipts .

Debit Order Terms and Conditions

I / We hereby request, "instruct" and authorise you to draw against my / our account with the above mentioned bank stipulated amount. I / We understand that all such withdrawals from my / our bank account by you shall be treated as though they had been signed by me / us personally.

We understand that the withdrawals hereby authorise will be processed by computer through a system known as the ACB Magnet Tape Service and I / We also understand that details of each withdrawal will be printed on my bank statement or on acompanying voucher.

This authority may be cancelled by me / us by giving you thirty days notice in writing. I / We shall not be entitled to any amounts, which you have withdrawn in terms of the above transaction while authority was in force.

Calender Usage and Infomation

If one knows the Islamic Date of when your Zakaat is due.Click the Islamic Calender Date to find the Spot Price of Gold and Silver for that Day, otherwise use the Gregorian Calendar.

Once you have clicked on either Calender the opposite Calender will show the converted Date.

Please Note the Calenders is only able to fetch prices for past Dates.

Rates and Nisaab Value

Nisaab : Is based on the Silver Value per gram multiplied by 612.36 grams.

Gold and Silver

Zakaat on Jewellery and precious metal coins is based on the weight of gold/silver- Simply enter the appropriate weights

Zakaat on KrugerRands (fixed weight) is based on the number of coins in possession.

Money

Zakaat should be paid on 2.5% of all cash and bank balances standing in your favour. Where practical reduce the amount by interest accrued.

Investments

Zakaat is payable on the current market price of all investments and shares.Where practical reduce the amount by interest accrued.

Some of the items listed under 'Select Investment Type' are impermissable as they are essentially interest bearing instuments.

The payment of zakaat on the items mentioned do not legitimise or clense them

It is better to avoid trading in or holding (impermissable) assets.

Business

Include all Trade Debtors: Do not deduct bad debts in this section

Use the current market price to determine the appropiate value for your inventory

It might be more practical to work out a value based on the wholesale price assuming all the stock were to be sold in one single transaction on a willing buyer/seller basis

Professional or service orientated businesses e.g. lawyers, doctors, plumbers etc. should not capture monies owing to them for services rendered. The ‘Debtors Section’ should be used for this.

Polices

For conventional (non-Sharia compliant policies) first establish the premiums paid to date and the current value of the policy (whether accessible or not) and pay on the lesser amount as only that portion that equals your contributions (i.e. premiums) is halal. In other words, reduce current value by the amount of interest accrued.

For Sharia compliant policies pay Zakaat on the current value of the policy (whether accessible or not).

Zakaat is payable on all monies owing to you if you have a reasonable expectation that such monies are secure (will be paid).

Partnership

This section is to be filled in by people in a partnership type arrangement. Do not use this section for shares on a stock exchange. If there is no balance sheet or if its not current then the net-worth of the company could be equated to the value all share holders are prepared to sell the company for in its entirety, i.e. including stock, fixtures, fittings, motor vehicles etc.

Debtors

Zakaat is payable on all monies owing to you if you have a reasonable expectation that such monies are secure.

Liabilities

You may deduct monies owed by you to others (including institutions). Deduct only what is due and payable today and not future (long-term) debts. Be carefull not to deduct debts already captured in the previous sections.