Saudi Arabia Automates ‘Zakat al-Fitr’ to Maximize Economic, Social Impact

A team from Saudi Arabia’s Ministry of Commerce inspects rice sales outlets, one of the main commodities for Zakat al-Fitr. (SPA)
A team from Saudi Arabia’s Ministry of Commerce inspects rice sales outlets, one of the main commodities for Zakat al-Fitr. (SPA)
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Saudi Arabia Automates ‘Zakat al-Fitr’ to Maximize Economic, Social Impact

A team from Saudi Arabia’s Ministry of Commerce inspects rice sales outlets, one of the main commodities for Zakat al-Fitr. (SPA)
A team from Saudi Arabia’s Ministry of Commerce inspects rice sales outlets, one of the main commodities for Zakat al-Fitr. (SPA)

Saudi online platforms are making it easier for Muslims to pay Zakat al-Fitr as Islam’s holy month of fasting, Ramadan, wraps up.

This mandatory contribution of food or money before Eid al-Fitr prayers helps the needy and ensures fair distribution. Eid al-Fitr begins on Wednesday.

Experts speaking to Asharq Al-Awsat confirmed that these digital services meet people’s needs efficiently and securely, providing a trusted way to fulfill Zakat al-Fitr.

Dr. Mohammed bin Duleim Al-Qahtani, an economic analyst and academic at King Faisal University, highlighted Saudi Arabia’s move toward automating its operations, including charity distribution, via platforms like “Ehsan.”

This ensures speedy and fair delivery of Zakat al-Fitr to needy families.

Al-Qahtani stressed that government oversight of e-payments and local markets helps stabilize prices and ensures fair distribution of funds.

The analyst also noted that 80% of Saudis prefer electronic Zakat payments for its efficiency and fairness.

The average contribution is around SAR 21 per person, totaling about SAR 315 million ($84 million) annually, benefiting some 52,000 needy families.

Dr. Salem Bajaja, an academic at King Abdulaziz University, highlighted the government’s efforts through the Zakat, Tax, and Customs Authority to encourage timely and proper Zakat payments, including Zakat al-Fitr, using the Ehsan platform.

He noted that this ensures that Zakat reaches the right beneficiaries, as outlined in the holy Quran.

The Ehsan platform recently began digital collection of Zakat al-Fitr in April, ensuring its distribution to recipients across the Kingdom.

Zakat al-Fitr payments are part of the National Charity Campaign’s fourth edition, aiming to empower society and fulfill religious duties. Through the Ehsan platform, donors specify recipients and regions for distribution.

The Ehsan platform promotes humanitarian values and transparency in charitable work. It also aids non-profit organizations in resource development and facilitates donations.



Oil Prices Set to End Week over 3% Lower as Supply Risks Ease

FILE PHOTO: An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo
FILE PHOTO: An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo
TT

Oil Prices Set to End Week over 3% Lower as Supply Risks Ease

FILE PHOTO: An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo
FILE PHOTO: An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo

Oil prices fell on Friday, heading for a weekly drop of more than 3%, as concerns over supply risks from the Israel-Hezbollah conflict eased, alleviating earlier disruption fears.
Brent crude futures fell 55 cents, or 0.8%, to $72.73 a barrel by 0758 GMT. US West Texas Intermediate crude futures were at $69.52, down 20 cents, or 0.3%, compared with Wednesday's closing price.
On a weekly basis, Brent futures were down 3.3% and the U.S. WTI benchmark was trading 3.8% lower.
Israel and Lebanese armed group Hezbollah traded accusations on Thursday over alleged violations of their ceasefire that came into effect the day before. The deal had at first appeared to alleviate the potential for supply disruption from a broader conflict that had led to a risk premium for oil.
Oil supplies from the Middle East, though, have been largely unaffected during Israel's parallel conflicts with Hezbollah in Lebanon and Hamas in Gaza.
OPEC+, the Organization of the Petroleum Exporting Countries and allies including Russia, delayed its next policy meeting to Dec. 5 from Dec. 1 to avoid a scheduling conflict. OPEC+ is expected to further extend its production cuts at the meeting.
BMI, a unit of Fitch Solutions, downgraded its Brent price forecast on Friday to $76/bbl in 2025 from $78/bbl previously, citing a "bearish fundamental outlook, ongoing weakness in oil market sentiment and the downside pressure on prices we expect to accrue under Trump."
"Although we expect the OPEC+ group will opt to roll-over the existing cuts into the new year, this will not be sufficient to fully erase the production glut we forecast for next year," BMI analysts said in a note.
Also on Thursday, Russia struck Ukrainian energy facilities for the second time this month. ANZ analysts said the attack risked retaliation that could affect Russian oil supply.
Iran told a UN nuclear watchdog it would install more than 6,000 additional uranium-enriching centrifuges at its enrichment plants, a confidential report by the watchdog said on Thursday.
Analysts at Goldman Sachs have said Iranian supply could drop by as much as 1 million barrels per day in the first half of next year if Western powers tighten sanctions enforcement on its crude oil output.