Bitcoin Zakat to Afghanistan

It’s no secret that I have my doubts about the validity of paper money. I just don’t see how a paper note printed by the Federal Reserve is any different from a paper note printed by Parker Brothers. This has an important effect on how I calculate my annual Zakat. Zakat is an annual charity given by Muslims, calculated as 2.5% of their surplus wealth, including certain commodities, like precious metals. The money should go to the poor, the hungry, the orphan, or the traveler as directly as poss … [Read more...]