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Strategic Planning: A Must for Masjids by Ihsan Bagby

Posted by on Feb 20, 2016 in Blog, Finances | 1 comment

  When was the last time that your masjid did strategic planning?   Never?  5 years ago?  A masjid should do strategic planning at least every five years.  Strategic planning is absolutely necessary because periodically any organization needs to step back and re-assess itself and re-formulate its direction and priorities.  The Prophet Muhammad (saaws) said, “Allah loves, when one of you does something, that it is done with excellence.”  Excellence for a masjid entails good planning.  The beginning of the year is a good time to consider arranging to do strategic planning for your masjid.  To get a firmer grasp of strategic planning and its intricacies, everyone is recommended to read Dr. Rafik Beekun’s Strategic Planning and Implementation for Islamic Organizations. The best way to go about strategic planning is to hire a Muslim facilitator, who is outside your community,...

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Almost Half of Masjids Do Not Invest Their Saved Money

Posted by on Sep 29, 2014 in Blog, Finances | 0 comments

The 2013 Needs Assessment of ISNA/NAIT Mosques* found that almost half (43%) of masjids did not invest the money that they had set aside as a building fund or as a contingency fund. In other words almost half of masjids saved money and then kept it in a checking account—benefiting the bank but not benefiting themselves. There is no reason to keep saved money in a checking account and not invest it in recognized Islamic institutions that have a track record of securing the investments of Muslims. One-third of masjids, according to the Needs Assessment did invest their money: 41% of these masjids invested in the Islamic Center Cooperative Fund of NAIT (North American Islamic Trust) and 34% invested in AMANA. The other 25% invested in more large-term investments like real estate, typically houses around the masjid.  Both NAIT...

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Fatwa on the Permissibility of Using Zakah for Building a Masjid in North America

Posted by on Sep 29, 2014 in Blog, Finances | 2 comments

Fatwa issued by Dr. Muzammil Siddiqi Question: Can I pay my Zakat money towards the building of masajids, schools, hospitals, etc.? We live in North America and we have no governments supporting our Islamic projects (such as masajid and schools) and maintaining our identity in the west. Answer: Praise be to Allah. In the Qur’an, Allah Almighty has mentioned 8 categories of people who can receive Zakat. Allah Almighty says: “Alms are for the poor and the needy, and those employed to administer the (funds); for those whose hearts have been (recently) reconciled (to the truth); for those in bondage and in debt; in the cause of Allah; and for the wayfarer: (thus is it) ordained by Allah, and Allah is full of knowledge and wisdom.” (At-Tawbah :60) The expression “in the cause of Allah” or fi Sabil Allah...

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What Type of Clergy Get the Highest Salaries? (Imams get the lowest salary—by far)

Posted by on Sep 29, 2014 in Blog, Finances | 1 comment

By Brian Palmer  (from Slate.com) The Supreme Court ruled unanimously on Wednesday that religious organizations are largely exempt from anti-discrimination laws in their hiring and firing decisions. For those who are thinking of getting into the God business, which religion offers its clergy the best pay? Judaism. The American Jewish newspaper Forward conducted a survey in 2010 comparing salaries for rabbis, protestant ministers, and Roman Catholic priests. The rabbis came out on top by a wide margin, with an average annual haul of approximately $140,000, including a tax-free housing allowance. Christian clerics earn more than $100,000 less than rabbis, on average, with Catholic priests making even less.* There are a couple of reasons why: Christian congregations tend to be smaller than their Jewish counterparts and often have multiple pastors. Also, rabbis typically spend more years in training than Christian...

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Models for Building a Masjid Budget

Posted by on Sep 28, 2014 in Blog, Finances | 0 comments

Masjids must plan. Part of that planning is developing an annual budget. For those masjids that use the calendar year, it is time to get to work in producing a budget for next year. There are a variety of models for building a budget. However, no one model is necessarily right for any one masjid. Begin with last year’s budget. It is relatively easy to begin with last year’s budget. You simply compare previous budget figures with actual expenditures and make changes based on history and anticipated changes. The new budget results from known expenses for the coming year, such as salaries, and projected figures, such as utilities. Begin with budget requests. You ask some person or group responsible for every section of the budget to look ahead to the next year and prepare a budget based on anticipated...

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NAIT Gives Advice on Mosque Liability Insurance

Posted by on Aug 26, 2014 in Blog, Finances | 1 comment

Dear Brothers and Sisters AsSalaamu Alaykum wa Rahmatullah.  InshaAllah, this will find you in good spirits in service to the Muslim community. For some time, NAIT has been exploring the potential of facilitating a voluntary group property and casualty insurance program exclusively for the NAIT family of mosques, Islamic centers and schools.  Alhamdulillah, we are pleased to endorse Church Mutual Insurance Company of Merrill, Wisconsin as a prefered group insurance provider for mosques, Islamic centers and schools. For mosques, Islamic centers and schools that are entrusted to NAIT, a special group premium credit of 10% will be applied to your Church Mutual multi-peril insurance policy. You can reach Church Mutual at 800-554-2642; option 1. LKallal@ChurchMutual.com Church Mutual is the nation’s leading insurer of religious entities and their properties since 1897.  NAIT real estates are insured by Church Mutual, receiving excellent service at competitive rates, and have...

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