This year, MVR 5,500 per person has been distributed as Zakat al-Mal
The Maldives Zakat House has distributed a total of MVR 13.1 million in Zakat al-Mal to 2,384 individuals registered as poor or needy this year. According to the agency, this marks the first time the per capita distribution of Zakat al-Mal in the Maldives has exceeded MVR 5,000. Zakat al-Mal is an obligatory payment of 2.5 percent on wealth held for one lunar year, provided it meets the minimum threshold known as Nisab.
The Ministry of Islamic Affairs accepting Fitr Zakat. (File Photo). | zakat house
The Maldives Zakat House has announced that 5,500 MVR per person has been distributed as Zakat al-Mal this year.
The Maldives Zakat House has announced that Zakat al-Mal distributions have been processed for a total of 2,384 individuals registered on the national registry of the poor and needy as of the 1st of Dhul Hijjah 1447.
This amounts to a total of MVR 13,112,000 (thirteen million, one hundred and twelve thousand).
The Maldives Zakat House has stated that the per capita distribution amount for this year has increased compared to the previous year. According to the agency, this marks the first time in the Maldives that the distribution of Zakat al-Mal has exceeded 5,000 MVR per person.
The Nisab for *Zakat al-Mal* is the minimum threshold of wealth an individual must possess for the payment of Zakat to become obligatory. As one of the pillars of Islam, Zakat must be paid if an individual’s holdings meet or exceed this threshold and have remained in their possession for one full Hijri year. In accordance with Sharia principles, the obligatory payment is calculated as one-fortieth, or 2.5 percent, of the total wealth.
