zakat-global
Installation
SKILL.md
THE GLOBAL ZAKAT LANDSCAPE
Zakat is the obligatory Islamic alms payment — 2.5% of qualifying wealth above the nisab threshold, calculated on a lunar year basis (354 days). Its treatment for Islamic financial institutions varies significantly by jurisdiction.
JURISDICTION SUMMARY TABLE
| Jurisdiction | Mandatory? | Formula | Rate | Payer | Filing |
|---|---|---|---|---|---|
| Saudi Arabia | Mandatory (ZATCA) | ZATCA equity-based formula | 2.5% p.a. | IFI pays to ZATCA | Annual ZATCA return |
| Pakistan | Mandatory (deduction at source) | Deduction on savings accounts | 2.5% on qualifying accounts | Bank deducts as agent | 1st Ramadan each year |
| Bahrain | Voluntary (institutional) | AAOIFI GS9 / Hanafi | 2.5% p.a. | IFI may pay on behalf of shareholders | Annual disclosure |
| Malaysia | Voluntary | AAOIFI GS9 / Hanafi or Shafi'i | 2.5% p.a. | IFI voluntary; disclose | Annual disclosure |
| UAE | Voluntary | AAOIFI GS9 | 2.5% p.a. | IFI voluntary; disclose | Annual disclosure |
| UK | Not applicable | N/A | N/A | Individual obligation only | N/A |
| Nigeria | Voluntary | AAOIFI GS9 | 2.5% p.a. | Voluntary | Annual disclosure |