“It is the duty of a Muslim who has anything to bequest not to let two nights pass without writing a will about it.” (Sahih al-Bukhari)
It’s a quick and simple process to make a Will and it’s relatively inexpensive too! Making a tax efficient Will can save on the amount of Inheritance Tax your family may have to pay after you die. In the event of dying intestate, your family will have to apply to the courts to administer your estate – a far more lengthy and costly process than if you had written a Will. It gives you the opportunity to help those less fortunate By leaving a gift in your Will to a charitable cause – it helps not only the beneficiaries, but can help you too – for sadaqa jariya (ongoing charity) is an action that continues to be rewarded after death.
Before making a Will it is a good idea to make a list of everything that you own. This is known as your ‘estate‘ and includes your home and its contents, your car and your savings – less your debts, such as unpaid dowry (mahr) and Zakah.
If the value of your assets is already or likely to be more than $533,682, you will need to consider Inheritance Tax avoidance strategies. Where potentially large estates are involved and therefore inheritance tax liability could be considerable, steps should be taken to avoid it. There are various ways of doing this, including: making inter vivas gifts, preferably seven years before death and making a bequest of up to a third of the estate to a charity (gifts to charities registered in the UK do not attract inheritance tax).
Once you have made your Will and it has been signed and witnessed, store it in a safe place or with your solicitor or a trustworthy relative or friend. Make sure that your executor(s) are informed where the original Will is being kept and keep a photocopy for your own records.
“If a human dies, then his good deeds stop except for three: a Sadaqa Jariah (continuous charity), a beneficial knowledge, or a righteous child who prays for him.” – Sahih Muslim
Your Sadaqa Jariah could help many deserving people change their lives for good. And, in retune you continue getting the reward as long as the poor people continue benefits from your donation through good education, medical aid and livelihood programs.
We at Alkhidmat Foundation Pakistan strongly believe in helping people earn a decent living and become financially independent and self-sufficient, instead of providing them perpetual assistance. Then they don’t have to be provided with charity for food, medicines, shelter, clothing etc.
This self-employment philosophy is derived from the following incident during the time of the Prophet Muhammad (peace be upon him):
A man of the Ansar came to the Prophet (saw) and begged from him. The Prophet (saw) asked him if he has anything in his house? He replied: Yes, a piece of cloth, a part of which we wear and a part of which we spread (on the ground), and a wooden bowl from which we drink water. The Prophet (saw) asked him to bring those items to him and helped him sell for two dirhams. He (saw) asked the Ansari to buy food with one dirham, buy an axe with the second dirham and go and gather firewood and sell it. The man went away, and gathered firewood and sold it. When he had earned ten dirhams, he came to the prophet and told him that he had bought a garment with some of them and food with his earnings the others. (Abu Dawud, Hadith 1637)
This incident illustrates an important distinction between simply providing relief as opposed to making someone self-sufficient. Relief is generally a short term solution to a long term problem. Self-employment through economic and social change is a long-term solution, which is why Al-Khidmat Foundation Pakistan focuses on projects that promote self-employment.
Five chickens and one rooster, or a flock of 25 chicks, are given to a family (feeding supplies are also provided). It costs $82 to start a small poultry farm.
Goats are given to the poor in rural areas for milk and goat farming. It costs $246 for a pair of goats for a family to get started.
Poor families and individuals are provided assistance in the form of push-carts and supplies for selling vegetables or other items as street vendors, or cash is given for setting up retail shops. Also under this project, tools and equipment are given for various professions for starting businesses.
It costs $106 for a sewing machine for a woman, $246 for a push-cart and supplies to start a street vending business, and approximately $328 – $821 to set up a retail shop and varied costs for tools based on each profession.
All Regions of Pakistan where Alkhidmat Foundation Pakistan implements its projects depend on agricultural economies. Over 60% of their populations consists of farmers.
Alkhidmat Foundation Pakistan helps farmers in economically depressed areas by providing one or more of the following items:
Interest Money (Riba) can help us save lives
Any transaction or loan where the payment of an additional amount on the principal is made conditional to the advance of such a loan is called riba. The most common form of riba these days is interest, whether that paid on bank accounts or loans. Interest is strictly forbidden in Islam and to accept or deal in it is a major sin.
“That which you give as interest to increase the peoples’ wealth increases not with Allah; but that which you give in charity, seeking the goodwill of Allah, multiples manifold.” (Surah al-Rum, verse 39)
“And for their taking interest even though it was forbidden for them, and their wrongful appropriation of other peoples’ property. We have prepared a grievous punishment for those among them who reject faith.” (Surah al-Nisa’, verse 161)
“O believers, take not doubled and redoubled interest, and fear Allah that you may prosper. Fear the fire which has been prepared for those who reject faith, and obey Allah and the Prophet so that you may receive mercy.” (Surah Aal-Imran, verses 130-2)
The Prophet cursed the receiver and the payer of interest, the one who records it and the two witnesses to the transaction and said: They are all alike [in guilt].
From Abdallah ibn Hanzalah:
The Prophet, said: ‘A dirham of riba which a man receives knowingly is worse than committing adultery thirty-six times.’
From Abu Hurayrah:
The Prophet said: ‘Riba has seventy segments, the least serious being equivalent to a man committing adultery with his own mother.
Quote from the translation of the book ‘Riba and Bank Interest’ by Yusuf al-Qardawi, Institute of Policy Studies, Islamabad, Pakistan
‘To forego interest from the deposits in banks practicing usury, even out of Taqwa, is still not right; doing so is much more sinful than taking it because with it non-Muslims establish and run organizations for furtherance of their un-Islamic objectives.’
The Islamic Shari’a Council, London, UK, May 2002
‘Interest money, according to the most careful opinion, is good for any charitable purpose (including educational fees for poor students). Apart from building the mosques or printing the Qur’an’.