Calculation of Legal Zakat

Aligning with religious and legal rules

Zakat is an obligatory payment coining from the rules of Islam religion. It is highly required to establish a clear understanding of the payment terms within contract and accounts to ensure there is no doubtfulness in the payments rendered in line with the laws.

We handle the scenarios by:

• Preparing the Zakat declarations.
• Reviewing the detailed tables related to this declaration, which are considered an integral part of it.
• Submitting the above declaration along with the financial statements to the General Authority of Zakat and Tax (GAZT).
• Obtaining the final and recorded Zakat certificate.
• Extraction of release letters and letters of facilitation.
• Following-up with the relevant sectors of Authority to discuss regarding the customer’s Zakat position and collect all the letters issued by the authority in this regard.
• Assisting in ongoing specialized required actions for Zakat and tax matters, that includes keeping the client updated on the latest developments and in the General Authority of Zakat and Tax (GAZT).