Do NOT give zakat this Ramadan before reading this report:
"This report focuses on 17 organizations that collect international zakat, reporting a total revenue of $924 million. Of that amount, $493 million does not exist; it is phantom revenue resulting from a discredited accounting tool. This move, which I term hisab-hacking, is used by many Muslim organizations to deceive Muslim donors. Through hisab-hacking, mediocre or even scammy “zakat Madoff” charities come to appear like lean philanthropy superstars."
@ezyrider What do you make of META move the last 15months? Homeboy threw away $40B, but netted way more personally and is riding high. Give credit where it’s due yk?
@moizali This exists — Chinese thirst for luxury created a bunch of small forwarders operating out of no sales tax states. Even Alibaba’s Caniao setup a LLC in Oregon for cross-boarder commerce