MUSCAT: The new service provides investors with a reference for calculating Zakat on eligible investments in accordance with Shariah principles and standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
MSX said the service is designed to make Zakat calculations clearer and easier for investors, including by providing information on applicable Zakat amounts and purification amounts for Shariah-compliant investments.
Investors can access the Zakat Calculator through the e-services available on the MSX official website.
The exchange has also made available a list of Shariah-compliant companies, along with relevant Zakat and purification amounts, to assist investors in determining their obligations.