Muslims give lot of charity – billions every Ramadan. But are we giving the right charities? How do 100% donation policies actually work?
In this documentary we dig into all these big questions with a help of CEOs from Islamic Relief, NZF, and Penny Appeal USA.
If you need to give zakat – use our admin-free, comprehensive zakat calculator that allows you to donate to multiple charities all at once: https://www.islamicfinanceguru.com/smart-zakat
TIMESTAMPS
00:00 – Introduction
01:49 – What’s the Problem with Overhead Fees?
02:39 – Arguments for Overhead Fees
02:45 – Allah allows admin fees
05:01 – Hire the best people
08:13 – You need proper infrastructure to deliver charity at scale
10:07 – The back-office stuff that is actually important
10:45 – Aren’t 100% donation policies still better?
15:53 – where can the Islamic charity sector improve?
17:00 – Prompt on-time filings with the charity commission
17:35 – third party providers need to be neutral
18:35 – Small charities shouldn’t reinvent wheel
19:34 – What charities should really be spending on
21:04 – Final thoughts
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Who are we:
We are two Oxford grads who have studied Islamic finance both at uni and classically for over 6 years. We quit our corporate law jobs to go full-time on IFG in 2020. We are on a mission to help 25% of the world’s population with their personal finances.
Islamic Finance Guru (IFG) is an Islamic finance comparison and analysis site that helps people with their investment, personal finance and entrepreneurial journeys.
We do this for one reason: to make our community better-off. We want to take Muslims from being among the poorest in society to the richest. We think that this is the most effective way to deal with problems like discrimination, under-representation and poverty. For more about the team visit: https://www.islamicfinanceguru.com/about-us
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Our most popular videos:
How to invest like the 1%: https://youtu.be/_pCz4UbXN7c
Is Share Investing Haram or Halal? https://youtu.be/yirUYqnf7mc
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Get in Touch:
If you’d like to talk or have any questions or requests, we’d love to hear from you. Tweeting @IFguru directly will be the quickest way to get a response, but if your question is more complex, feel free to drop us a line on our Forum http://forum.islamicfinanceguru.com/ – we and the muftis on the forum try our respond to everyone!
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