Zakaty E-Service Achieves Milestone With Transfers Topping SAR 664 Million

The Zakat, Tax, and Customs Authority (ZATCA) has recently announced a significant milestone for its Zakaty e-service, with the total zakat funds transferred reaching over 664 million Saudi riyals. This innovative service facilitates direct zakat contributions to various categories of social insurance beneficiaries, as registered with the Ministry of Human Resources and Social Development. Through the Zakaty mobile application or website, individuals can effortlessly calculate their zakat and proceed with secure payments using trusted methods such as SADAD, Apple Pay, and Mada.

ZATCA's commitment to providing reliable and efficient payment options is evident in the swift and flexible transfer of zakat funds to those in need. The service not only simplifies the zakat calculation process for various types of assets, including money, gold, silver, stocks, investment funds, and real estate intended for business use but also offers a specialized tool for calculating zakat on gold based on its purity level. This feature benefits from real-time global gold and silver prices that are updated daily.

One of the unique aspects of the Zakaty service is its ability to empower zakat payers to support specific categories of social insurance beneficiaries. This includes families in need of housing, families of divorced women, and families of prisoners. Such targeted assistance ensures that zakat contributions are directed towards those who need them most.

Furthermore, ZATCA underscores the rigorous supervision of the Zakaty service by experts in zakat jurisprudence and calculation. This ensures that all contributions are calculated accurately and reach their intended recipients efficiently. The service also includes a helpful reminder feature for zakat due dates, ensuring that users can fulfill their obligations timely.

The Zakaty e-service stands as a testament to ZATCA's dedication to leveraging technology for social good. By making zakat calculation and payment more accessible and secure, ZATCA is enhancing the way individuals contribute to societal welfare in Saudi Arabia.

With inputs from SPA