Maldives distributes record Zakat al-Mal ahead of new Hijri year
Eligible recipients receive $324 as Islamic ministry boosts zakat system, revises Nisab threshold, and streamlines aid distribution
MALE, Maldives (MNTV) — The Maldives has set a new benchmark in Islamic social welfare, distributing the highest-ever amount of Zakat al-Mal — the obligatory annual wealth tax in Islam — ahead of the new Hijri year.
According to the Ministry of Islamic Affairs, each eligible recipient received $324, surpassing last year’s payout of $259.
Zakat al-Mal, a form of zakat (almsgiving), is one of the five pillars of Islam. It requires financially able Muslims to give a portion of their accumulated wealth to specific categories of beneficiaries defined by Shari’ah (Islamic law).
As reported by local media, the Ministry said funds were transferred directly into the bank accounts of registered recipients — the first time disbursement was completed before May 28, reflecting enhanced efficiency and transparency.
The Maldives Zakat House noted a consistent rise in payouts over recent years: from Maldivian Rufiyaa 2,700 in 2021 to Maldivian Rufiyaa 5,000 ($324) in 2025. Officials say this upward trend strengthens the principle of economic justice that underpins zakat in Islamic teachings.
The Ministry also announced an updated Nisab — the minimum wealth threshold that determines Zakat al-Mal eligibility. Effective January 22, 2025, the Nisab has been revised to $570.83, down from $599.39, due to fluctuations in global silver prices.
The Maldives Monetary Authority calculates this value based on silver, while the Zakat House publishes it for public reference.
Scholars widely support the use of silver to determine the Nisab, as it benefits the poor by ensuring more individuals are eligible to give. According to Islamic principles, once a Muslim’s wealth reaches the Nisab and a lunar year passes, they are required to pay Zakat al-Mal — typically 2.5% of qualifying assets.
The Maldives Inland Revenue Authority (MIRA) has managed zakat collection since 2016, while the Zakat House oversees distribution. In addition to cash aid, the Zakat House also provides indirect assistance, including essential goods, medical support, and targeted relief for those facing hardship.
Officials stressed that registration for the national eligibility list remains open year-round and is reviewed biennially to ensure equitable distribution and prevent misuse.
The government’s continued enhancement of its zakat infrastructure reflects a broader effort to align Islamic social finance with modern governance while upholding the moral duty to care for society’s most vulnerable.
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