Fintech & Faith: How Zakat Giving Is Evolving
Okay so, Ramadan is almost here, and you want to give your zakat. Traditionally, you might have handed cash to a local mosque or trusted an organization to distribute it. But today? You’re opening an app, calculating your zakat in seconds, and with a single tap, your donation is funding a family in need, a school in a refugee camp, or even a medical procedure halfway across the world.
Read More: Restaurants Taking Crypto Payments in Dubai
Ramadan is the month of giving, and zakat—one of Islam’s five pillars—has always been at its heart. But how we give is evolving. As fintech innovation sweeps the Gulf, charity is no longer just about physical donations. Instead, it’s about AI-driven platforms, real-time tracking, blockchain transparency, and peer-to-peer giving models that make zakat more accessible, seamless, and impactful than ever before.
This shift isn’t just about convenience—it’s about redefining generosity in the modern world. What does charity look like when it’s powered by fintech? Can digital platforms truly enhance the transparency and effectiveness of zakat?And how are Gulf-based businesses leading the way in revolutionizing Ramadan giving?
Let’s break down how zakat has stepped into the digital age—and why this might be the future of charity as we know it.
Read More: What is Zakat in Islam? How to Calculate It?
Digital Zakat Platforms: One-Tap Giving
Instead of traditional bank transfers, Gulf residents are using app-based platforms that automate and track zakat contributions.
- Top Platforms: GlobalSadaqah, LaunchGood, and Tawakkalna Services allow users to calculate, allocate, and donate zakat instantly.
- AI-Powered Giving: Platforms like Misk Foundation’s charity arm use AI to match donors with causes they care about.
Crypto & Blockchain: The Future of Zakat?
Believe it or not, crypto zakat is a real and growing trend.
- Penny Appeal & Muslim Coin now accept Bitcoin, Ethereum, and stablecoins as zakat donations.
- Blockchain for Transparency: Some Gulf-based fintech startups use blockchain to track donations in real-time, ensuring funds reach the right hands.
Ramadan’s spirit of giving isn’t changing—how we give is. And in the digital age, zakat is just a swipe, tap, or crypto transaction away.
Read More: Things To Do With Your Family in Ramadan
Join our FREE WhatsApp news channel and stay up to date about events happening in the GCC.
This article was previously published on UAE Moments. To see the original article, click here