News

Decline in Zakat-al-Mal collections in first half of year

The Maldives Inland Revenue Authority (MIRA) has reported a decline in the amount collected as Zakat-al-Mal in the first six months of this year.

According to the MIRA, the state collected MVR 50.8 million in Zakat-al-Mal from January to June this year. This included $3,055 in dollars. In comparison, the state received a total of MVR 51.3 million in as Zakat-al-Mal during the same period last year, including $1,570 in dollars.

Although the overall amount declined, collections in June increased from MVR 3.1 million last year to MVR 4.3 million this year.

Zakat-al-Mal collected by month:

January 2024 - MVR 3.4 million | January 2023 - MVR 5.1 million
February 2024 - MVR 5.8 million | February 2023 - MVR 5 million
March 2024 - MVR 14.1 million | January 2023 - MVR 11 million
April 2024 - MVR 13.7 million | April 2023 - MVR 22.3 million
May 2024 - MVR 9.1 million | May 2023 - MVR 4.5 million
June 2024 - MVR 4.3 million | June 2023 - MVR 3.1 million

Zakat-al-Mal was previously paid to the Islamic Affairs Ministry. However, in 2016, the collection of Zakat was transferred to MIRA. Zakat can be paid through MIRA’s online platforms and by physically visiting MIRA.