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A digest of news and opinion from the Maldives.

Ministry of Islamic Affairs

Ministry Increases Minimum Income for Zakat Al-Mal by 40 Percent

Ministry Increases Minimum Income for Zakat Al-Mal by 40 Percent

1 min read

The Ministry of Islamic Affairs has increased the minimum set amount of income or ‘Nisab’ that one must earn before having to pay Zakat Al-Mal. Nisab is considered the minimum amount that a Muslim must earn before they are obliged to pay zakat. From December 2019 to December 2020, the set Nisab amount for Zakat […]