The Zakat, Tax, and Customs Authority (ZATCA) has urged zakat payers to "voluntarily" make their Zakat through the ZAKATY platform or through ZAKATY website (zakaty.gov.sa). ZAKATY allows individuals to make their Zakat through safe payment methods approved by banks, such as SADAD, Visa, and Apple Pay services, in a way that ensures fast and flexible service.
The Authority stated that the platform allows individuals to calculate the different types of due zakat, including cash, gold and silver, stocks, investment funds, real estate selected for trades and others.
In addition, the service offers a reminder feature for zakat dates. It also has a feature that allows the calculation of gold Zakat according to its purity levels through a certain algorithm, as ZAKATY is connected to international gold and silver prices. The platform has a feature of adding previous properties in the long calculator, in which the user can add previously saved zakat assets and check all the assets in the personal account.
The Authority also noted that stock and investment fund prices can be retrieved simply by selecting the name of the stock or fund, following the successful integration previously completed by the Authority with the Saudi Exchange (Tadawul).
Notably, ZAKATY saw a huge and growing use, as the total amounts directed to Social Security beneficiaries since the service's launch 9 years ago, have exceeded SAR 932 million. The service also saw an increase in the download rate of the ZAKATY app, as it is user-friendly, flexible, and fast, especially concerning the process of calculating and paying zakat, with fast and safe payment options.