whatsapp

UAE: Zakat Calculation Simplified for Companies with New Digital Platform

  • 0
  • 1023
/media/gulf_articles_2_sAHPb2H.webp © Image Copyrights Title

Dubai : Ahead of Ramadan 2025, Awqaf has introduced a first-of-its-kind digital platform designed to assist corporate companies in accurately calculating and paying their zakat. The Emirates Digital Program, launched under the campaign titled “My Zakat is a Blessing for My Business”, provides a fully automated service that streamlines the process for various commercial, industrial, and service-related businesses.

Automated Zakat Calculation

The platform ensures zakat calculations align with approved accounting and Sharia principles, incorporating company financial statements for precise assessments. The initiative is part of the UAE’s broader strategy to raise awareness about zakat and facilitate corporate compliance.

Key Features of the Emirates Digital Program

Dr. Omar Habtoor Al-Darai, Chairman of the General Authority for Islamic Affairs, Endowments, and Zakat (Awqaf), highlighted the initiative’s role in serving society while enhancing zakat management.

Available on the Zakat Fund Management website (www.zakatfund.ae) and the Zakat application, the digital platform offers multiple features, including:

  • Company Registration: Businesses can register more than one entity for zakat calculation.

  • Secure Digital Login: A user-friendly interface ensuring smooth accessibility.

  • Archival and Retrieval Features: Users can save, modify, and retrieve past zakat calculations with ease.

The new platform is expected to enhance transparency and efficiency in zakat management, allowing businesses across the UAE to fulfill their obligations seamlessly. As part of Awqaf’s ongoing efforts, this digital transformation marks a significant step in leveraging technology to support Islamic financial practices.

Related Posts
© AI-Powered Self-Driving Delivery Cars Begin Pilot Run in Abu Dhabi

AI-Powered Self-Driving Delivery Cars Begin Pilot Run in Abu Dhabi

Abu Dhabi has launched a new pilot program introducing autonomous e-commerce delivery vehicles on its streets, marking a major step in the emirate’s push toward a next-generation smart mobility ecosys...

  • 110
© Millions More Eligible for Personal Loans as UAE Drops Dh5,000 Salary Rule

Millions More Eligible for Personal Loans as UAE Drops Dh5,000 Salary Rule

Millions of UAE residents, especially lower-income workers, will now qualify for personal loans after the country officially removed the Dh5,000 minimum salary requirement that governed approvals for ...

  • 118
© Sheikh Hamdan Reviews UAE-Made Calidus B-250 Aircraft at Dubai Airshow 2025

Sheikh Hamdan Reviews UAE-Made Calidus B-250 Aircraft at Dubai Airshow 2025

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence, inspected the UAE-built Calidus B-250 aircraft at the 19th Dubai Airshow 2025, highlighting the cou...

  • 120
© UAE Central Bank Removes Minimum Salary Requirement for Personal Loans

UAE Central Bank Removes Minimum Salary Requirement for Personal Loans

The Central Bank of the UAE (CBUAE) has directed all banks to scrap the long-standing minimum salary requirement for personal loans, a threshold that was typically set at Dh5,000 across most instituti...

  • 154
© Oil Falls as Russia’s Novorossiysk Port Resumes Operations

Oil Falls as Russia’s Novorossiysk Port Resumes Operations

Oil prices declined on Monday after signs that Russia’s Novorossiysk Port on the Black Sea had resumed activity following a brief suspension caused by a Ukrainian strike last week....

  • 137
© Abu Dhabi Property Market Surges to Dh94 Billion, Poised to Reshape 2026 Prices

Abu Dhabi Property Market Surges to Dh94 Billion, Poised to Reshape 2026 Prices

Abu Dhabi’s property market is closing 2025 on a strong note, with real estate transactions reaching Dh94 billion in the first nine months of the year, a 43.3% increase compared to the same period in ...

  • 114
© Dubai Investments Profit Soars 59% to Dh1.09 Billion on Real Estate and Manufacturing Growth

Dubai Investments Profit Soars 59% to Dh1.09 Billion on Real Estate and Manufacturing Growth

Dubai Investments has posted one of its best financial performances in recent years, recording a profit before tax of Dh1.09 billion for the first nine months of 2025 — a 59% increase compared with th...

  • 145
© Warren Buffett’s Berkshire Hathaway Invests $4.3 Billion in Alphabet

Warren Buffett’s Berkshire Hathaway Invests $4.3 Billion in Alphabet

Berkshire Hathaway, led by Warren Buffett, has revealed a new $4.3 billion stake in Alphabet, the parent company of Google. The move, disclosed in a regulatory filing for the third quarter, makes Alph...

  • 149
© Asian Markets Slide as Tech Fears and Fed Rate Uncertainty Weigh on Sentiment; Oil Prices Rise

Asian Markets Slide as Tech Fears and Fed Rate Uncertainty Weigh on Sentiment; Oil Prices Rise

Asian markets fell sharply on Friday, mirroring overnight losses on Wall Street as investors grew increasingly cautious about a potential technology bubble and uncertainty over the U.S. Federal Reserv...

  • 173
© Dubai Gold Prices Surge to Dh506 as Global Uncertainty and U.S. Data Shock Boost Safe-Haven Demand

Dubai Gold Prices Surge to Dh506 as Global Uncertainty and U.S. Data Shock Boost Safe-Haven Demand

Dubai’s gold market extended its strong rally on Friday, with 24-carat gold reaching close to Dh506 per gram, marking one of the highest levels this month. The 22-carat variety traded around Dh468.75,...

  • 213
© Aramex Q3 Profit Holds Steady as Regional Logistics Drive Growth

Aramex Q3 Profit Holds Steady as Regional Logistics Drive Growth

Dubai — Aramex posted stable third-quarter earnings, supported by strong performance in its regional logistics and domestic express business despite weaker global trade volumes....

  • 173
© UAE Credit Scores to Recover Faster Under New System

UAE Credit Scores to Recover Faster Under New System

Dubai — UAE residents will soon see their credit scores improve faster after missed payments, as the Etihad Credit Bureau (ECB) prepares to launch Version 3 of the national credit score system before...

  • 175
© Punatsangchhu-II Hydropower Project Boosts Bhutan’s Power Capacity by 40%

Punatsangchhu-II Hydropower Project Boosts Bhutan’s Power Capacity by 40%

Thimphu — Bhutan marked a historic milestone in its energy sector on Tuesday as Prime Minister Narendra Modi and King Jigme Khesar Namgyel Wangchuck jointly inaugurated the 1,020-megawatt Punatsangch...

  • 184
© World’s Tallest Hotel, Ciel Dubai Marina, Opens on November 15

World’s Tallest Hotel, Ciel Dubai Marina, Opens on November 15

Dubai — Dubai will unveil the Ciel Dubai Marina on November 15, setting a new global record as the world’s tallest hotel at 377 metres. Developed by The First Group and operated under InterContinental...

  • 217
© Sony Hikes Profit Forecasts on Strong Gaming, Anime Sales

Sony Hikes Profit Forecasts on Strong Gaming, Anime Sales

Tokyo — Japanese entertainment and electronics group Sony raised its full-year revenue and profit forecasts on Tuesday, citing robust global demand for its PlayStation gaming division and the runaway ...

  • 207
© Kuwait Eyes Large-Scale Battery Storage to Ease Power Crisis

Kuwait Eyes Large-Scale Battery Storage to Ease Power Crisis

Kuwait City— Kuwait is negotiating plans for a major battery storage project with a discharge capacity of up to 1.5 gigawatts and total storage between 4 and 6 gigawatt-hours, as part of efforts to ta...

  • 229
© Nexperia Parent Shares Jump 6% as Beijing Signals Thaw With Netherlands

Nexperia Parent Shares Jump 6% as Beijing Signals Thaw With Netherlands

Shanghai — Shares of Wingtech Technology, the Chinese parent of Dutch chipmaker Nexperia, rose more than 6 per cent on Monday after Beijing signaled a possible easing of trade tensions with the Nether...

  • 151
© Talabat Margin Holds at 6.4% as Q3 Net Income Reaches $119 Million

Talabat Margin Holds at 6.4% as Q3 Net Income Reaches $119 Million

Dubai — Online food-delivery major Talabat reported a solid third quarter, posting a 31 per cent rise in net income to $119 million and reaffirming its upgraded full-year outlook as order volumes and ...

  • 211
© Parkin Posts 50% Profit Rise in Q3 2025, Lifts Full-Year Guidance

Parkin Posts 50% Profit Rise in Q3 2025, Lifts Full-Year Guidance

Dubai — Dubai’s largest paid-parking operator Parkin Company reported a 50 per cent jump in net profit to Dhs157 million for the third quarter of 2025, supported by strong revenue growth, record seaso...

  • 217
© IHC Posts Dhs19.5bn Profit for Jan–Sept, Denies Aldar Stake Sale

IHC Posts Dhs19.5bn Profit for Jan–Sept, Denies Aldar Stake Sale

Abu Dhabi — Abu Dhabi-based International Holding Company (IHC) reported a net profit of Dhs19.5 billion for the first nine months of 2025, up 8.3 per cent year-on-year, supported by higher revenue, o...

  • 167
Commnets 0
Leave A Comment