SeekersGuidance Confirms that 100% of Zakat & Charity Goes to Support Deserving Scholars and Students Around the World
In the Name of Allah, Merciful and Compassionate
In light of some recent questioning of the disbursement of the Islamic Scholars Fund (ISF) in 2019, SeekersGuidance would like to clarify that 100% of the funds – Zakat & Charity–Collected by the Islamic Scholars Fund are disbursed to Eligible Scholars and Students on a regular monthly basis.
How Does the Islamic Scholars Fund Work?
The following is a clarification from our Finance Coordinator, Faizan Rehman [CPA]:
Clarification from the SeekersGuidance Finance Coordinator: 100% of Islamic Scholars Fund Contributions
Go To Eligible Scholars and Students
We can confirm that SeekersGuidance Inc is a US-registered 501(c)3 and our accounts are publicly disclosed along with our annual IRS filings.
In Fiscal 2019 we raised over US$400,000 for the Islamic Scholars Fund and all of these were disbursed.
We also confirm that 100% of the funds collected by SeekersGuidance for the Islamic Scholars Fund were disbursed to approved and eligible scholars or students of knowledge–less credit card processing charges.
We also have appointed an independent external accounting firm, C&A Financials, who is led by professional CPAs; they review our financial statements before filing to the IRS.
Our 2019 Financials will soon be available to all after IRS filings. If there are any queries, please don’t hesitate to email me at: [email protected].
We can also put you in contact with our external accountant.
Faizan Rehman, CPA, BSc(Hon)
Seekers Guidance Inc.
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