INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE Fatwa Council sets value of Zakat for Ramadan at AED25

The UAE Fatwa Council has set minimum values for Zakat, iftar meals, and atonement for not fasting during the previous Ramadan, among other things. Emirates News Agency
  • Within this fatwa, the council set the value of iftar meal at a minimum of AED15
  • This amount can be paid to the registered charities which provide iftar meals

The UAE Fatwa Council has set at AED25 ($6.81) the unified value of Zakat Al-Fitr (Eid Al Fitr charity), official sources have said.

Meanwhile, the Fidyah, the amount to be given in food or cash to the poor by those who are not able to fast owing to old age or illness, has been set at AED15 ($4.08).

The Kaffarah, or the atonement for violations of Ramadan fasts, is likewise set by the council at AED900 ($245.06), which is the value of food given to 60 poor individuals.

This came in a general fatwa issued by the council on Wednesday, March 23.

Within this fatwa, the council set the value of iftar meal at a minimum of AED15 ($4.08).

This amount can be paid to the registered charities which provide iftar meals.

The council also set at AED15 ($4.08) the value of food to be paid as Kaffarah for missing a day during Ramadan.

It is to be paid by heirs of individuals who had died without making up for missing days of fasting during Ramadan.

This amount of food should be given to poor people, said the council.

For those who delayed making up the missed fasting days from last Ramadan without a valid reason, the council set the value of food to be given to poor people at AED15 ($4.08) for each day.

Those who committed a mistake that does not spoil their fasting will have to feed six poor individuals, totaling AED90 ($24.51) as the value of food to be distributed to six persons.

Under the chairmanship of Abdallah bin Bayyah, the UAE Fatwa Council has addressed all fatwa centers and departments as well as all charities nationwide on the new rules.