Have cryptocurrency? Pay zakat via Blockchain

Blossom's Zakat via Blockchain service is totally free to use during the month of Ramadan.
Donations will be used to help the poor in Central Java and Sumatra.

 

 

 

 

To donate, email:
info@blossomfinance.com

 

Press release: Muslims Can Now Pay Zakat in Cryptocurrency

Who is it for?

Those with zakat-eligible cryptocurrency holdings.
If your net wealth held for at least one year exceeds the nisab and includes cryptocurrency, you can pay the cryptocurrency portion of your zakat directly via the Blockchain.

If you do not currently have zakat-eligible cryptocurrency, then we do not reccomend using the service.

How to Calculate Zakat Owed

Zakat is 2.5% of your liquid assets held for at least one year. For any cryptocurrency held for one year or more, you owe 2.5% of your total holdings.

For example: if you bought 1 BTC more than one year ago, you owe 0.025 BTC in zakat.

Does Blossom charge a fee?

No, Blossom does earn any money from zakat. 100% of the funds will be sent to zakat organizations to be distributed among those in extreme poverty, less exchange fees incurred to change the money to Rupiah (note that Blossom does not make any money on exchange fees).

How does it work?

1. Blockchain Transfer

Blossom will provide a designated wallet address held at our exchange partner in Indonesia.

2. Converted to Rupiah

We'll convert your funds to Indonesian Rupiah at our exchange parter in Indonesia.

3. Sent Zakat Organizations

We'll remit the funds by bank transfer directly to well run zakat organizations in Sumatra and Central Java, Indonesia.

4. Use and Impact Reports

We'll send you a full impact report from our partners in Indonesia, plus all receipts for remittences.

Can I choose how the money is used?

Yes. If you prefer to focus on, for example, widows, children, orphans, etc.. just let us know and we can instruct our partners accordingly. We'll try to meet any request, limited only by the capacity of our partners. 

How to Pay Zakat

Send an email to: info@blossomfinance.com

Subject: "Zakat Payment Request"

Indicate in your email:

  • Type of cryptocurrency
  • Amount of your zakat payment
  • Desired use (if applicable)

 

 

 

Get in Touch

United States

55 E 3rd Ave
San Mateo, CA 94401

Indonesia

Level 38, Tower A, Kota Kasablanka
Jl. Casablanca Raya Kav. 88 Jakarta 12870

Important Legal Info

Blossom is a trademark of Blossom Labs, Inc. a U.S. Delaware Corporation.
For inquiries, contact info@blossomfinance.com or call (800) 487-4122.

1. Blossom Investments are not guaranteed or insured, and investors may lose some or all of the principal invested. Blossom is not a financial advisor and statements appearing on Blossom's website and communications from Blossom do not constituate financial advice.

2. Historical Returns are not intended as a promise of future results. Blossom Investments are not insured or guaranteed and investors may have negative returns. Individual portfolio results may be impacted by, among other things, the size and diversity of the portfolio, the exposure to any single Note, Beneficiary or group of Notes or Beneficiaries, as well as macroeconomic conditions.

3. Actual results may differ materially from projected and/or historical returns. Blossom Investments are not guaranteed or insured, and investors may lose some or all of the principal invested. Individual portfolio results may be impacted by, among other things, the size and diversity of the portfolio, exposure to any single Note, Beneficiary, or group of Notes or Beneficiary, as well as macroeconomic conditions.

4.  US Residents must qualify as accredited investor under Regulation D of the Securities Act of 1933.

Use of this site is governed by the following policies: