• Media
  • News
  • The Amount of Zakat

The Amount of Zakat

Date : 26-04-2021

Esteemed Shareholders, the due amount of Zakat for Al Imtiaz Investment Group for the fiscal year 2020 is KD 0.000026 per share. The company will pay the Zakat dues on behalf of its shareholders and distribute it through charities and specialized organizations officially approved by the Ministry of Social Affairs and Labor in the State of Kuwait.

As for shareholders who own Al Imtiaz shares for speculation purpose, they have to calculate their Zakat dues which constitute 2.5% of their shares’ market value at the Zakat due date, minus the KD 0.000026 per share, which was accounted for by Al Imtiaz.