TYC Finance: ALI

Recently, TYC Finance introduced the first-ever Zakat calculator in the Greater China region on its company website ([https://www.tycfinance.com/calculator](https://www.tycfinance.com/calculator)). This bilingual tool aims to help Muslim users conveniently calculate and fulfill their Zakat obligations while also serving as an educational platform for the general public to understand Islamic Zakat culture.

Zakat, one of the Five Pillars of Islam, means “purification” or “growth” and is a religious duty that requires eligible Muslims to donate a portion of their wealth annually to purify their assets and souls. According to Islamic jurisprudence, when a Muslim's net wealth exceeds a certain minimum threshold—known as Nisab—continuously over an Islamic lunar year, they are required to pay Zakat. The Nisab threshold is typically calculated based on the value of gold or silver. For example, when calculated based on the value of gold, Nisab is equivalent to 3 ounces of gold (87.48 grams) or its cash value; when based on silver, it is 21 ounces of silver (612.36 grams) or its cash value.

The Zakat calculator launched by TYC Finance is the first of its kind in the Greater China region by a financial institution, marking a significant innovation. It not only fills the gap in this area but also provides a highly efficient and convenient calculation platform for the Muslim community. The calculator covers a wide range of asset types, including gold, silver, cash, stocks, business inventory, agricultural products, and livestock, and provides corresponding calculation methods and tax rate explanations based on the characteristics of different assets. For example, the tax rate for cash and bank deposits is 2.5%; for investment assets such as stocks and funds, the tax rate is also 2.5%; and for real estate held for investment or business purposes, Zakat is calculated at 2.5% of its market value. 

Another highlight of the calculator is its educational and informative nature. It not only provides a calculation tool for Muslim users but also offers a window for non-Muslim users to understand Islamic Zakat culture. With its bilingual interface, users can more easily understand the definition, calculation methods, and religious significance of Zakat. Trusty Finance has clearly stated that the launch of this calculator aims to popularize the concept and help users better understand the religious and cultural background of Zakat, without any commercial purposes.

When launching this Zakat calculator, Trusty Finance emphasized its educational and referential nature. The tool is for personal reference only and does not constitute a binding religious ruling (fatwa) or financial advice. Due to the diversity of asset structures and religious practices, TYC Finance suggests that users, when calculating their personal Zakat amounts or using this form, should understand the requirements and rules of Islamic Zakat from multiple sources and, if necessary, consult qualified Islamic scholars and experts. In addition, the calculator also specifically reminds users that interest (Riba) is strictly forbidden in Islamic jurisprudence. Therefore, the tool does not accept declarations of interest income nor assist users in calculating Zakat for interest income.

TYC Finance's innovative initiative not only demonstrates its respect and support for religious beliefs but also shows the positive role of technology in religious practice. Through this Zakat calculator, Muslim users can more conveniently and accurately calculate and fulfill their religious obligations. At the same time, it also provides the public with a platform to understand Islamic culture, promoting exchanges and understanding between different cultures.