Zakat Simpanan Deduction Service

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Zakat Simpanan
Deduction Service

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Zakat refers to purifying one’s wealth by giving a part of it to the needy or less fortunate. Zakat is one of the five pillars of Islam and it is compulsory for Muslims who meet the conditions.

Zakat on savings (Zakat Simpanan) is a type of Zakat property that Muslims are required to pay after meeting the completed period (haul) and threshold amount (nisab).

Zakat refers to purifying one’s wealth by giving a part of it to the needy or less fortunate. Zakat is one of the five pillars of Islam and it is compulsory for Muslims who meet the conditions.

Zakat on savings (Zakat Simpanan) is a type of Zakat property that Muslims are required to pay after meeting the completed period (haul) and threshold amount (nisab).

Shariah Compliant

Based on Shariah concept of Wakalah

Hassle Free

Automatic deduction on yearly basis from Current and/or Savings Account/-i (CASA/-i)

Extensive Branch Network

With our extensive network or branches nationwide, we are almost wherever you need us

Registration

Visit any nearest AFFIN BANK/AFFIN ISLAMIC branch for registration of Zakat Simpanan Deduction Service.

Type of Accountholder

Muslims
Individual / Primary Accountholder

Eligible Products:

AFFIN Current Account/-i
AFFIN Saving Account/-i
AFFIN ISLAMIC Term Deposit-i (AITD-i)
AFFIN Fixed Deposit (FD)

Zakat Agencies (Pusat Pungutan Zakat)

Pusat Pungutan Zakat – Majlis Agama Islam Wilayah Persekutuan (PPZ – MAIWP)
Pusat Urus Zakat Pulau Pinang
Jabatan Zakat Negeri Kedah Darul Aman

AFFIN Current Account/-i, Saving Account/-i, FD and AITD-i are protected by Perbadanan Insurans Deposit Malaysia up to RM250,000 for each depositor.

Eligibility & Requirements