1Second Edition | April 2020

Introduction to Zakat Payers Exempt from the Obligation of Zakat Collection The Implementing Regulation for Zakat Collection was issued pursuant to the Resolution of His Excellency the Minister of Finance No. (1007), dated 19 Sha‘ban 1445 AH (corresponding to 29 February 2024), and applies to fiscal years beginning on or after 1 January 2024. The Regulation incorporated previous statutory instruments that had previously been issued separately in independent ministerial resolutions, namely: the Rules for Exempting Charitable Associations, Non-Government Organizations, and Training Units from Zakat Collection; the Rules for Exempting Zakat payers Owned by Endowments from Zakat Collection; and the Conditions Governing Zakat Collection from State-Owned Companies. The Regulation also included conditions concerning the exemption of non-profit companies, as provided for in the Companies Law, from Zakat Collection. This Guideline addresses the categories of Zakat payers exempt from Zakat Collection, namely: 1. Companies wholly owned by the State 2. Endowments, companies, and institutions wholly owned by endowments 3. Charitable associations, non-government organizations, and training units 4. Non-profit companies 3.2 First: Wholly State-Owned Companies