Click here to Pay Zakah with Crypto(*)
* See Zakah disclaimer below
Click here to Pay Zakah with Crypto(*)
* See Zakah disclaimer below
* Zakah Disclaimer: As crypto currency can be volatile, ISB will disburse the amount of zakah equivalent to the value of crypto currency at the time the transaction is settled and received on ISB's end. The donor should track the transaction till the transfer is complete to ensure the crypto value transferred covers the individual's zakah obligation.
Example: Donor sends $1,000 for zakah and the donor's Crypto exchange puts a security hold/delay on the transaction; by the time the transaction is cleared and ISB receives the donation, the value of the crypto currency goes down and ISB receives $950. Therefore, ISB will be responsible for distributing $950. It is recommended to the donor to track the transaction till it settles and pay any gap in their zakah obligation, if one exists.
If the inverse happens and the value goes up, ISB will disburse the higher value received at the time of transaction settlement.