Zakat comes from the Arabic root "zakā – yazkū – zakātan", meaning growth, increase, and surplus. It is a mandatory charitable contribution in Islam, requiring Muslims to give a portion of their wealth (that has reached the nisab and haul thresholds) to eligible recipients as defined by Islamic law. As one of the Five Pillars of Islam, it ensures economic balance in the Muslim community.
The 134th Federal Territories Shariah Advisory Committee Meeting (Oct 26-27, 2021) determined that any digital asset certified as Shariah-compliant, holding value, and actively traded, is subject to business Zakat at a rate of 2.5%.
Use this formula:
(Digital Asset Units × Current Digital Asset Price) – Related costs × 2.5%
To simplify the process, use Sharlife’s Zakat on the Digital Asset platform to calculate your exact amount.
Yes! Sharlife supports Zakat payments in crypto, allowing you to fulfill your obligation while staying compliant with Shariah principles.
Sharlife is an official partner of PPZ-MAIWP. When you pay your Zakat through us, it is directly distributed to eligible asnaf via PPZ. You will also receive an email update on the distribution.