18Mar 2019
Monday

Zakat House received KD 93.186m from firms in past 3 financial years

Updated : Monday, 11 March 2019, 06:00:52 PM
The minister stressed that Zakat on the shareholding companies is calculated at 1% of the annual net profit
Editorial Staff
By Editorial Staff
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KUWAIT CITY(IAMINKUWAIT): Minister of Finance Nayef Al-Hajraf said the Zakat House has received 93.186 million dinars ‘zakat’ from companies during the past three fi nancial years, reports Annahar daily.

He said this in response to a parliamentary question that Zakat House has disbursed about 21 million dinars while about 72 million went to the state treasury.

However, the fi gures presented by the minister reveals a fl uctuation in the sum of Zakat, which was about 34 million in 2016 and declined the following year to about 27 million, and then rose to about 31 million in the following year. The minister stressed that Zakat on the shareholding companies is calculated at 1% of the annual net profit from the fi nancial statement approved by the audit offices.

Courtesy  :arabtimesonline.com

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