Investments owned by a Sharia board separate from the Sharia Supervisory Board of GFH Financial Group:

You can refer to the following companies directly to find out the percentage of zakat for investing in them:

• Gulf Holding Company Office: +965 2224 39 93/+973 17 102 102

Note: The investor can adopt the amount of Zakat in the Zakat Guide for the fiscal year 2022,
if it is not available in the Zakat calculation table referred to above, as follows:

1. If the amount of Zakat for the fiscal year 2023 (which will be published immediately after obtaining the necessary data) is more than the amount of Zakat for the fiscal year 2022 (example: Zakat for the fiscal year 2022 is equal to 0.5 USD (per share) and Zakat for the fiscal year 2023 is equal to 0.75 USD (per share) after obtaining it, the investor must pay the difference amount of 0.5-0.75 = (0.25) immediately after obtaining the updated data).
2. If the amount of Zakat for the fiscal year 2022 is more than the amount of Zakat for the fiscal year 2023, (example: Zakat for the fiscal year 2022 is equal to 0.75 USD (per share) and Zakat for the fiscal year 2023 is equal to 0.5 USD (per share) After obtaining it, the investor must deduct the increase amount from the Zakat of the fiscal year 2024, which is 0.75-0.50 = 0.25 once the updated data is obtained).

The values are estimated based on our Zakah Guide for the year ending 31st December 2023, whereas it prescribes the exact value of Zakah due per share in each of our projects. All of the data entailed in the Zakah Guide was reviewed and accredited by our Sharia Supervisory Board.

To get the Zakah value in the local currency, please use the exchange rates against the dollar as shown in the Zakah Guide (Currency exchange rates against the dollar determined as of December 31, 2023).

You can download the Zakah Guide in the link below. Please note that paying Zakah shall be the sole responsibility of investors and shareholders.

Disclaimer:

The information contained in this website is for general information purposes only. GFH Financial Group B.S.C. has made every attempt to ensure the accuracy and reliability of the information provided on this website, including use of the zakah calculator. However, we cannot and do not guarantee the accuracy of the information on the website as well as the results that the zakah calculator generates. The website and zakah calculator is provided “as is” and no warranty, express or implied, is given as to its currency, accuracy or adequacy. To the fullest extent permitted by applicable law, GFH Financial Group B.S.C. disclaims any and all express or implied warranties and conditions. We accept no responsibility, and shall have no liability, for any loss or damage, including without limitation, indirect or consequential loss or damage, which may arise from using or relying on the information provided on this website, or the results generated by the zakah calculator. If you believe any information is inaccurate, please let us know by contacting us so that we may review the information and update it if appropriate (as we deem fit and in our absolute discretion).