Your Zakaat will educate one more Child

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1 Your Zakaat will educate one more Child

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4 Message from the Chairman...1 About Zakaat Progress in bursaries....6 Success stories. 10 Prison Projects Maone Vocational Training Centre Planned Budget for 2016/ Appreciation...15 Organogram...16 OFFICE STAFF Director: Muhammad Osman Administrator: Emma Tepani Bursary & Finance Officer: Daudi Pias Islamic Zakaat Fund-Malawi

5 ZAAAT-Best tool for Community Life-Changing A message from founder and chairman of Islamic Zakaat Fund, assam Okhai. Islamic Zakaat Fund provides life-changing opportunities for Muslim individuals through education in one of the World s Poorest countries, Malawi. We are a charitable organization with a simple idea of providing an education-fees funding to those in dire need through necessary zakaat funds that need to be given out, by those that follow the Islamic faith. Our vision is to enable individuals to escape the trap of poverty by providing an education to turn them from Zakaat recipients to Zakaat payers. Though the majority of our donations are from individuals suitable for zakat, we respect, and we reach out to people of all faiths and none through sadqah (charity). Our work is simplified and straight forward, we receive your zakat and use it for education purpose ONLY. In the 2015/2016 academic year, with donors support, we have managed to support 1,226 students of which about 76% (925) are supported locally in secondary schools and colleges. We have 301 students who study abroad in different friends such as Medicine, Nursing, Pharmacy, Dentistry, Engineering, Education, Law, Agriculture Production Science, Minerals & Petroleum Science, Laboratory Sciences, Pure Science, Computer Science and Economics, and many more. These students failed to get a chance for selection into public Universities in Malawi, hence given an opportunity to transform their lives abroad. Those of us with the Islamic faith well know that Zakaat itself is a form of worship which purifies wealth. The result of the 2.5% of charity may perhaps not always seem tangible. However, by educating the youth these little acts of worship produce life changing results. For every act of worship through Zakaat that makes IZF possible, I thank you with all my heart. Happy Reading, assam Okhai 1

6 WHAT IS ZAAT? Zakat is a compulsory act of worship that requires Muslims who own wealth at or over a certain threshold (called the Nisãb) to donate a portion of their qualifying wealth, typically 2.5%, to eligible recipients. It is a right the poor have over the rich. WHO PAYS ZAAT? Those required to pay Zakat must be: 1) Adult (have reached puberty) 2) Muslim (Zakat is not paid by non- Muslims) 3) Sane 4) In possession of the Nisãb (Please note the three schools of thought other than the Hanafi school The Nisaabwas set by the Prophet Muhammad (peace be upon him) at a rate equivalent to grams of gold and grams of silver, equating to approximately WHY ZAAT? consider Zakat payable on qualifying wealth owned by the insane and children) 240,000 (May, 2016). See "How do I calculate my Zakat?" to know which Nisaabto use for your Zakat calculation. Linguistically, Zakat carries meanings of purification and growth. The significance of this pillar is such that in the Qur'ãn it is mentioned 28 times in conjunction with the observation of Salāt, the obligatory prayer Islam encourages employment, entrepreneurial activity, trade and the equitable distribution of wealth. In order for commerce to benefit society, Islam imposes several obligations on those involved in wealth creation. Amongst these is the obligation of Zakat, the third of five pillars of Islam. Scholars infer that the giving of WHEN IS ZAAAT PAID? Your Zakat year starts on the date your wealth first equaled or exceeded the Nisãb. Zakat is then payable after one lunar year has passed and every year thereafter on that date. Paying Zakat in Ramadhan is not necessary although giving charity in this month yields greater rewards. Zakat has both an outer and an inner dimension. The inner dimension suppresses the ego, quelling tendencies such as selfishness and miserliness. The outer dimension involves the purification of a Muslim s wealth 2

7 WHO RECEIVES ZAAAT? The Qur an (Chapter 9, verse 60) specifies eight categories for the distribution of Zakat: 1) The poor 2) The needy 3) Those employed to administer Zakat 4) Those whose hearts are to be reconciled 5) Those in slavery 6) Those in debt 7) In the way of Allah 8) The destitute traveller Poor and needy Zakat recipients are defined as those whose Zakatable assets are valued below the Nisaablevel EXAMPLE 1 SOMEONE WHO IS ENTITLED TO RECEIVE ZAAT. Mai Upile is a poor widow and owns only 70,000 worth of Zakatable assets and hence is not liable to pay Zakat. She does, however own her own house in Ndirande, where, in addition to owning basic necessity items, she owns some surplus items, which are never used, such as a second sofa set, and also some cooking utensils. The market value of these surplus items comes to 100,000, and when added to her Zakatable assets, comes to a total of 170,000. Given this total figure is less than the Nisāb level, Mai Upile can receive Zakat. and also whose surplus non-zakatable assets are valued below the Nisaablevel. Surplus assets are defined as any non-zakãtable asset that is never used. Someone whose surplus assets are valued above the Nisaablevel, and who EXAMPLE 2 SOMEONE WHO NEITHER HAS TO PAY NOR CAN RECEIVE ZAAT. Mr. Basikolo has valued his Zakatable assets at also has Zakãtable assets valued below the Nisaablevel neither pays nor receives Zakãt. 200, 000 hence is not liable to pay Zakat. Mr. Basikolo also owns his own home within which he has many unused, surplus items whose value easily exceeds the Nisāb threshold. Mr. Basikolo is therefore not liable to neither receive nor pay Zakat. WHEN SHOULD ZAAT BE DISTRIBUTED? Zakat should be disbursed as soon as possible. At the very latest Zakat should be distributed one year after the due date. Visit Us for any enquires, we will help you Adopted from National Zakat Foundation-U 3

8 Do you own a business? Do you have cash or a banking account or shares? Do you own any rented property? Do you own gold / silver jewellery? If You Answered Yes to Any of these questions You may be liable to Pay Zakat. Here is a Guide for You! The calculator below allows you to work through your Zakat calculation step by step. PART A: It s about your Zakaatable Assets PART C: It s about Final Calculation 1 CASH AND LIQUID INVESTMENTS Cash and liquid investments are fully subject to Zakat. You should include cash in all your bank accounts, in your wallet and under you mattress! My total Cash is... PART B: It s about all your Liabilities 4 PROPERTY AND OTHER FIXED ASSETS The house in which you live is not subject to Zakat. If a property or other fixed asset has been purchased with the express intent to resale, then the entire value of the property/asset is subject to Zakat. Any rental income from properties owned should be added to one s cash balance for Zakat purposes. The total value of my Zakatable property and other fixed assets is. 2 GOLD AND SILVER Gold and silver, in whichever form (jewellery, coin, ingot etc.) are subject to Zakat. If you own personal use items made from a mixture of metals, these are only liable to Zakat if half or more of the metal is gold or silver. You can ascertain the current value of your gold/silver by consulting your local jeweller My Gold value is.. My Silver value is. 3 SHARES, STOCS AND EQUITY If shares are purchased with intention for resale then the entire holding is subject to Zakat. Any dividends received should be added to one s cash balance for Zakat purposes The total value of my shares, Stock and equity investments is... 5 PENSION Zakat is payable in full on pensions received after retirement. For money set aside for pensions prior to retirement, Zakat is only payable if the pension assets are being invested on behalf of the pension holder. If no such investment is being made, then Zakat is not payable. The total value of my pension is.. 6 DEBTS OWED TO YOU Zakat is payable on strong debts, i.e. money that is owed to you that you are confident will be paid. The total amount of money I have lent to others that I am confident will be repaid is 4

9 BUSINESS ASSETS 7 Business assets are subject to Zakat. These include cash, finished goods, work in progress, raw materials and strong debts. All business assets should be valued at their current market price. The total value of cash in my business is... The total value of finished goods for sale is... The total value of work in progress and raw materials is... The total value of strong debts is If your net assets equal or exceed the Nisaab then Zakat is due at 2.5% of your total net assets. MY TOTAL ZAATABLE ASSETS ARE ( ).. My Zakat Due PERSONAL LIABILITIES Certain liabilities can be deducted from your Zakatable assets before calculating how much Zakat you owe. These include outstanding or overdue living expenses such as a rent payment or utility bill, as well as debts. My outstanding or overdue basic living expenses add up to.. My personal debts add up to Any other expected expenditure add up to 8 ONLY 2.5% BUSINESS LIABILITIES 9 The total value of rent, bills and salaries outstanding or overdue is.. The total value of outstanding short-term commercial loans is.. The next year s portion of the long-term debt in the business is. The total value of goods purchased on credit is. MYTOTAL DEDUCTIONS ARE MY NET ASSETS ARE - = So do I have to pay Zakat or Not? Remember you only pay Zakat if your net assets equal or exceed the Nisaabthreshold. Zakat is then payable after one lunar year. Remember that the Nisaabis either grams of gold or grams of silver. To ascertain the current monetary equivalent of the Nisãb limit, it is necessary to establish the market rate for a gram of gold and silver. As at May 2016, Nisaabis 240,000. 5

10 132 students are writing their (MSCE) examinations in June 2016, we expect to continue supporting them at tertiary level upon passing. Secondary School level is the common primary step to build a student. IZF has been involving into supporting needy students at this level. Currently we sponsor 567 students in government & private Secondary Schools. Our donors, more needy applicants await your support! DONATE GENEROUSLY 6

11 We currently support 567 Sec Students FEMALE BENEFICIARIES INCREASED BY 20% Girls are the most victims in societies, We focused on girl-child education, hence increased the number of female sponsored students, We also believe that to educate a girl, you educate I thank IZF for supporting me since in Form 1, I am a best performing student here at Mama hadija Girls Academy, this is all possible due to the financial support I receive from IZF HAJIRA ANANJI, FORM 3 STUDENT the nation! 7

12 Total o Educating the Future Benefi WE NOW EDUCAT 108 students are currently studying in Tanzania at the University of Zanzibar and the University College of Education in Zanzibar 1206* youth annua 567 students are currently studying at various Secondary schools 358 in local colleges around Malawi Though most of the applicants meet the University of Malawi (UNIMA) & local colleges requirements of entry chances of admission are very little due to space. Thus arrangements have been made for these students to study abroad. 8

13 f 1,226 iaries E OVER *Thanks to the determination of our donors, the number of youth receiving aid from IZF increases annually Please visit for more information lly 155 students are currently studying in various fields at the International University of Africa in Sudan such as: Medicine, Nursing, Pharmacy, Dentistry, Engineering, Agriculture Production Science, Minerals & Petroleum Science, Laboratory Sciences, Pure Science, Computer Science and Economics Only 1% of Malawi s population goes to University 3 students are studying in Uganda in the fields of Law, Journalism and Business Studies 9

14 I graduated from International University of Africa in Sudan where I studied accounting, I worked with Bakhresa Grain and Milling Company in Blantyre in the accounts department, then later I am working as an Accountant at Assalam Complex, under Albaraka Charity Trust. I thank IZF for supporting me and my family. I do not take this for granted because it has really changed my life and the family as a whole says Jaffar whose family could hardly earn a living, but now with IZF support after his graduation, he is able to support family and relatives. Jafar Mustafa, An Accountant I have gone against my community belief, girls should not be allowed to advance in education than boys. It is empirically known that we have few female doctors in Malawi, especially muslim community. I cannot fully express how happy I am to be among the few doctors in Malawi, in particular female muslim medical practitioner. I thank Allah, as well as Islamic Zakaat Fund for supporting me throughout my study in Sudan. I also thank DWT and other donors who pay zakat to IZF to continue educating the needy ATITA, Aisha: 2015 IUA graduate 10

15 Yusuf Juma is a lawyer by profession. Apart from his usual work at G Associates Law Consultants, he presents a weekly program called Law and You on every Sunday afternoon which is broadcast live on Radio Islam where he explains some common legal issues affecting the public at large including the muslim ummah. Before I became a lawyer, I was a mere technician in the Public Service. I was offered an Islamic Zakaat Fund scholarship to study Law & Shariah at Zanzibar University in 2004 in the 5 th Batch. After graduating from the university with a Bachelors Degree in Law & Shariah, upper second class, I worked for several law firms in Blantyre before sitting for the Malawi Law Examinations (Bar Examinations) in 2010, I was admitted to practice law in the Supreme Court of Malawi, High Court of Malawi and all courts subordinate thereto, in 2011 he explains. IZF Scholarship has changed my life from an ordinary person to a middle class person recognised nationally. As an appreciation, I offer legal advice to the Muslim Community in Malawi generally on some legal issues through a weekly radio program on Radio Islam on every Sunday. I also offer free legal advice to less privileged Muslims on request. YUSUF JUMA a graduate from Zanzibar University under Islamic Zakaat Fund sponsorship 11

16 IZF for years now have engage in reaching prisoners to support their education. A part from secular studies, we offer them Islamic studies that is progressing well. This project is bringing more positive in changing their mind set, and are appreciating IZF efforts. With the help of Public Defender Advocates (PDA), a law firm owned by IZF beneficiary -Wame Mdala Pearson, through the donor funding from Euro Charity Trust and local donors, and the supervision from Islamic Zakaat Fund, 100 prisoners have been released from the following prisons throughout the Country: Chichiri Prison (Blantyre), Zomba Prison (Zomba), Bvumbwe Prison (Thyolo), Mulanje Prison (Mulanje), Domasi Prison (Zomba), and Mangochi Prison (Mangochi) I was supported by IZF prison project that I did my diploma in Business Management while I was at Chichiri Prison. When I get out, I am now at Zanzibar University studying a degree program in Business Management under Islamic Zakaat Fund sponsorship, thank you for not letting us down explains a happy Farook Mapweremwe WAME MDALA PEARSON a graduate from Islamic University In Uganda under Islamic Zakaat Fund sponsorship 12

17 IZF opened the doors to the Maone vocational Centre in 2010 with assistance from the Islamic Development Bank (IDB) and provides apprenticeship in plumbing, carpentry and bricklaying; Skills that will provide jobs for apprentices. TEVETA appreciate the quality of short courses being offered by MVTC. More students have been recruited by government body, TEVETA, to do courses at MVTC in additional to those recruited by MVTC management, this is great development. Donate! 50,000 to train a youth in 3 months course To solve the accommodation problem that has been faced at the Centre, the MVTC Board agreed to build hostels which are now at a good stage, PLEASE DONATE TO FACILITATE THE PROJECT. 13

18 ARE YOU A DONOR, [N NGO, A BUSSINESSPERSON, A GR[DUATE OR IZF BENEFICIARY, IT S NOW JOIN OTH- ER DONORS TO SUPPORT EDUCATION PROJECT THROUGH ISLAMIC Z[AAT FUND A SINGLE PENNY WILL REDUCE THE BUDGET, SUPPORT US TO EDUCATE MORE MALAWIANS 2016/2017 BUDGET INSTITUTION NAME Continuing New Total Annual Cost(USD) International University of Africa , Local Colleges , Islamic University in Uganda , Secondary Schools , Zanzibar University , Maone Vocational Training Centre , TOTAL ,245, To Donate to IZF Place a deposit In Malawi wacha: Account name Islamic Zakaat Fund Account number Bank Branch In Dollars Account Name Bank Name: Standard Bank Limbe Islamic Zakaat Fund Standard Bank Limbe Account Number Swift Code SBICMWMX PLEASE FOR- WARD COPY OF DEPOSIT TO RECEIVE A RECEIPT WITH A TAX EXEMPTION ATTACHED FOR YOU 14

19 Our Respected donors, We finally forward these words of appreciation to you for the continued support towards this fund. It would have been so much difficult for us to run this project that is helping so many needy Malawians to achieve their goals. We thank to Allah (SWT) for your continued donation supported many needy Malawian youth. We humbly ask you to continue supporting them in coming years. Our gratitude should go to Dedza Welfare Trust (DWT), U based charitable organization for their financial support towards final year Malawian students at International University of Africa; as well as Euro Charity Trust for supporting local students at Malawi College of Health Sciences. Our donors, once again we appreciate your continued support and may Allah (SWT) bless and reward you abundantly. THAN YOU DONORS, YOU HAVE MADE OUR DREAMS COME TRUE 15

20 IZF Members of the Board assam Okhai Chairman Babu Aziz Vice Chairman Gulam Seedat Secretary Ismail Lambat -Treasurer Aziz Vindhani-2 nd Treasurer MEMBERS Ahmed Bhana Iqbal Omar Aman unje Ibrahim Milazi Zubeir Y. Master Aameer Rashid Jakhura Moshin Aziz Mussa Mohammed Azim Ismail Aameer Rashid Jakhura Muhammad Osman 16

21 Female Nurses in final year at MCHS-Zomba Some IZF beneficiaries at Mama hadija Sec Sch 2015 Graduates at International University of Africa-Under IZF Sponsorship Some IZF beneficiaries at Assalam Boys Sec Sch Board members meeting sponsored Students 17

22 Have you paid your Zakaat yet? Purify your Wealth & Help Us Educate One more Child Find Us in: AGASON Building Next to Radio Islam P.O Box Limbe. Malawi Or Call (265) / / for Collection. Editor: Daudi Pias For feedback,