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Friday, 24 January 2014

Zakat payment by firms almost doubles in 2013

The number of companies that has paid their annual Zakat (obligatory Islamic alms ) to the Zakat Fund has almost doubled in 2013, compared to the 2012 figures.

Dr Mohamed bin Khalifa al-Kubaisi, head of Zakat services section at the Zakat Fund, said yesterday that the number of companies that contributed the Zakat was 57 in 2012 and the number has jumped to 103 in 2013 when the Fund launched its free service for calculating the Zakat due on companies.     

The Fund honoured companies that paid huge amounts of Zakat at a programme yesterday. These were approved as Zakat giving companies and some others were also thanked for facilitating the collection of Zakat and promoting its importance among the local community.

Dr al-Kubaisi stressed the need to promote the practice of Zakat in all segments of the society. He also said that there was a proposal to ask ministries to deduct one, two or three days wages from the annual salaries of willing employees and the same forwarded to the Zakat Fund.

He said that it is still an idea under study and it would be perfectly a voluntary process with no obligations whatever.

(Gulf Times / 23 Jan 2014)
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