The Zakat, Tax, and Customs Authority (ZATCA) has urged zakatpayers to “voluntarily" make their zakat through the ZAKATY Mobile Application or through the Zakaty website (zakaty.gov.sa).
ZATCA stated that the service allows individuals to make their zakat through safe payment methods approved by banks, such as SADAD and Apple Pay services, in a way that ensures fast and flexible service.
ZATCA confirmed that all amounts received through the service were directed to Social Security beneficiaries registered with the Ministry of Human Resources and Social Development. ZAKATY allows Zakatpayers to select the eligible Social Security beneficiaries.
Moreover, ZATCA stated that the service allows individuals to calculate the different types of due zakat, including cash, gold and silver, stocks, investment funds, real estate selected for trade, and others. The service also issues invoices for each transaction. 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 the ZAKATY service is connected to international gold and silver prices.
In addition, it is also possible to obtain stock prices and investment funds with a simple click on the stock or fund name after completing the connection process with Tadawul.
Notably, the ZAKATY saw a huge and growing use, as the total amounts directed to Social Security beneficiaries since the service's launch exceeded SAR 700 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.