DFM PJSC Zakat

We recognize that adhering to Islamic obligations of Zakat is important to personal investors, portfolio managers and brokers alike. Our Zakat calculator is based on the Net Assets Method and can be broken down as follows:

• The Zakat base is determined by subtracting short-term liabilities and non-controlling interest from total Zakat assets.
• Zakat Assets:
  Cash, cash equivalents, receivable ‘net of non-performing debts’, assets acquired for trading and finance assets, excluding provisions that have been formed in anticipation of a decline in value or to predict the failure to collect the amount of funding, LESS the related fixed assets.
• Liabilities:
  All accrued expenses during the period of financial position, the rights of the owners of the unrestricted investment accounts, the rights of the minority, the rights of the government, charities and human rights institutions and rights of non-profit organisations in case it doesn’t have a specific owner.