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 ZATCA Encourages Individuals to Give Zakat "Voluntary" via ZAKATY

Zakat, Tax and Customs Authority (ZATCA) encouraged individuals to pay their Zakat “voluntary" via “ZAKATY" App for smart phones or via service website (zakaty.gov.sa) where this service provides the ability to calculate the payable Zakat of various type. This Zakat includes money, gold, silver, stocks, investment funds, lands, real estate acquired for trade, etc. In addition, it provides the function of Zakat date reminders, and calculates gold Zakat as per its purity through a specific logarithm, as ZAKATY is connected to the global rates of gold and silver.

In this regard, ZATCA's Official Spokesperson, Humoud Alharbi, clarified that all amounts provided through ZAKATY were used by the beneficiaries who are registered in the Social Insurance at the Ministry of Human Resources and Social Development. The Zakat is directed to the selected categories through the App and Website.

He added that the service is available continuously via ZAKATY for smart phones and the Website to enable individuals to calculate and pay zakat through the safe and reliable methods of payment in the banks via SADAD, Apple Pay, MADA and other methods ensuring the speed and reliability of paying zakat to those who are eligible, with the possibility of selecting the eligible categories registered in the Social Insurance. The most prominent categories are represented in families most in need of housing, families of divorced women, families of prisoners and other eligible categories, confirming that service is supervised by specialists in Zakat jurisprudence and calculation.

Furthermore, the Official Spokesperson clarified that the beneficiary is allowed to know the prices of stocks, investment funds and debt instruments by clicking on the stock or fund's name. This function was applied after ZATCA has completed the link with Tadawul, clarifying that ZAKATY allows calculating zakat with different currencies, provided that the currency of payment is SAR.



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Last Update: 26 Mar 2024 04:03 PM Saudi Arabia Time