Terms
Terms and regulation
How to pay zakat on assets and commercial goods
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To pay Zakat in a legally permissible manner, after completing one year of business operations, you must follow the following steps:
Assets
Inventory:
- All merchandise in warehouses at their current value;
- Add all cash and bank assets;
- Determine the debts you hope to repay this year and add them to the account.
Liabilities
- A list of all debts you hope to repay this business year. To determine your Zakat obligation, perform the following calculation:
Calculate Total Assets - Total Liabilities
According to the decision of the Supreme Fatwa Authority of the Ministry of Islamic Affairs and Endowments, the minimum amount of paper currency for the year 2025 is 646,000 Djiboutian francs. Anyone who owns this amount and has had one year of operation on it has reached the minimum amount of Zakat, and must pay the Zakat due, which is equivalent to 2.5% of the total amount.
DIWAN AZ-ZAKAT is an institution responsible for promoting the values of participation and solidarity among all residents of Djibouti. Its responsibility includes one of the basic pillars of our noble religion Az-zakat, the third pillar of Islam, and also considering it an act of generosity and a duty for those who are able to possess the required quorum and a right of the poor and needy. This blessed work aims to revive the ritual of zakat and achieve its social goals among Muslims. On the other hand, the orphan care program is considered one of the most important programs and basic activities of the Diwan. This program contributes to building a cohesive society by following the rules and provisions of Islam, which are based on mercy and solidarity, which God Almighty has enjoined upon His servants 2
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