AL-MEMANI WORLD BANKING WINDOW COPYRIGHT 10/10/2008 renewed 10/10/2018 to expire 10/10/2028

MONDAY 1st AUG 2011 1st RAMADHAN 1432 HIJRI WILL BE THE DAY THE CURRENT ECONOMY WE KNOW FOR THE PAST FEW CENTURIES WILL COME TO AN END AND THE ONLY WAY FORWARD IS TO ADOPT THE ECONOMIC MODEL WHICH GOD GAVE TO US MORE THAN 1400 YEARS AGO Ramadan (Arabic: رمضان‎ Ramaḍān, Arabic pronunciation: [rɑmɑˈdˤɑːn]) (also Ramadhan, Ramadaan, Ramazan) is the ninth month of the Islamic calendar, which lasts 29 to 30 days. It is the Islamic month of fasting, in which participating Muslims refrain from eating and drinking[1] and is intended to teach Muslims about patience, humility, and spirituality. Muslims fast for the sake of God (Arabic: الله‎, trans: Allah) and to offer more prayer than usual. Compared to the solar calendar, the dates of Ramadan vary, moving backwards by about eleven days each year depending on the moon; thus, a person will have fasted every day of the calendar year in 34 years' time. Muslims believe Ramadan to be an auspicious month for the revelations of God to humankind, being the month in which the first verses of the Qur'an were revealed to the Islamic prophet, Muhammad.muslims also pay zakat in this holy month on what the own in worldly wealth to purify their wealth as in the following calculator Online Zakaat Calculator from I.T.A Publications http://www.central-mosque.com/fiqh/zcalc.htm STOP BEFORE PROCEEDING READ DETAILS ABOUT ZAKAT FIRST BY CLICKING HERE This calculator will show the ZAKAAT that is due on you. It should work with any currency i.e. Dollars, Pounds, Rupees etc. But please be consistent and use the same currency throughout! You Need to know the current Market price of Gold and/or Silver. Since these prices change often therefore we are unable to provide them for you. Please contact your local Jeweller. To obtain the value of your Gold or Silver Assets simply multiply the cash value by the weight. You can also check the Gold and Silver Prices on the Internet by visiting http://www.kitco.com/gold.live.html Please note that GOLD and SILVER prices are sometimes given in OUNCES and not GRAMS, to convert the prices into GRAMS simply divide the PRICE/OUNCE by 28.35! Check FIRST and then enter the price per gram. NOTE: You will be shown how the Calculations are done so you can do it Yourself (if you like) WARNING: You Must Follow the Procedure in the same manner as presented, don't skip steps! If you have no value to enter then leave the default "0.00". Calculate Zakaat Enter your Cash Assets (i.e. Cash Kept at Bank, home, etc.):Enter your Gold Assets (Please enter the value and Not the weight):Enter your Silver Assets (Please enter the value and Not the weight):Enter Credits (Money owed to you):Enter Rental Income earned by you (If any): Enter the value of Shares/Stocks/Bonds at current Market prices: Enter the value of Dividends received this year: Enter the Value of Business Stock (at hand paid for) at current Market prices: Enter the Value of Business Stock (in transit paid for) at current Market prices: Enter any other income (e.g. Provident Funds etc.): All Numbers will be added up to give you total Assets Your Total Assets: Enter Loans (Money you owe to others): Your Loans are subtracted from Your Total Assets to give your Net Balance This is Your Net Balance:Enter the Current Price of Gold (per Gram, Not per Ounce):This value is multiplied by 87.48 (Grams) to give you Gold Nisaab Enter the Current Price of Silver (per Gram, Not per Ounce):This value is multiplied by 612.36(Grams) to give you Silver Nisaab Nisaab for Gold:Nisaab for Silver:If your Net Balance is equal to or greater then either the Nisaab for Gold or Silver and you had this for 1 LUNAR YEAR (12 months, e.g. from LAST RAMADHAN to THIS RAMADHAN) then Zakaat is due. Zakat is ONLY due on the amount that you have had for a year! PLEASE BEAR IN MIND THAT THERE IS A HUGE DIFFERENCE BETWEEN THE GOLD & SILVER NISAAB WITH SILVER NISAAB BEING MUCH MUCH LOWER! ZAKAAT IS DUE IF YOU EXCEED THE LOWEST ONE OF EITHER OF THE TWO! If there is No Zakaat due, you can Exit the Procedure at this Point. Amount of Zakaat you PayIf Zakaat is due on you then Multiply the Total Assets by 0.025