Implementing Regulations for Royal Decree No.(M/40)

Release Date:	1438-06-01
Release Tool:	Ministerial decision
Issuance Instrument Number:	2082
Validity:	Cancelled
Summary:	By AI The Minister of Finance issued a ministerial decision based on a decision from the Council of Ministers regarding the collection of zakat in accordance with the royal decree, assigning the General Panel of Zakat and Income the responsibility of collecting zakat according to new rules that encompass all obligated individuals and companies. Zakat is calculated as a percentage of the zakat base, with specifications on how to calculate it on the remaining funds after the passage of the lunar year. T...

Release Date:

1438-06-01

Release Tool:

Ministerial decision

Issuance Instrument Number:

2082

Validity:

Cancelled

Summary:

By AI

The Minister of Finance issued a ministerial decision based on a decision from the Council of Ministers regarding the collection of zakat in accordance with the royal decree, assigning the General Panel of Zakat and Income the responsibility of collecting zakat according to new rules that encompass all obligated individuals and companies. Zakat is calculated as a percentage of the zakat base, with specifications on how to calculate it on the remaining funds after the passage of the lunar year. T...