MYZAKAT LIMITED

What MYZAKAT LIMITED does

MyZakat Limited is a UK-incorporated, privately held technology company (Company Reg. No. 16228366) headquartered in London that operates an AI-powered mobile platform for calculating and distributing Zakat and Sadaqah, the obligatory annual Islamic charitable giving. The platform is delivered via native iOS and Android apps (App ID com.aqntech.zakatai) and a companion website at myzakat.ai, and targets individual Muslim donors globally, with a stated user base of 1,000+ worldwide. Core functionality comprises an AI-guided step-by-step Zakat calculator covering savings, gold, investments, property, debts, and business assets; an automated Nisab tracker pulling live gold and silver prices; a directory of pre-vetted Shariah-compliant charities; and integrated donation processing via Stripe and Apple Pay.

The underlying technology combines natural-language Q&A (with periodic human expert review for Shariah compliance) with deterministic financial calculation logic and real-time precious-metal price feeds; payments are processed through Stripe with PCI-DSS-compliant encryption and no card data stored on MyZakat's infrastructure. The company is GDPR- and CCPA-compliant, encrypting data at rest and in transit. The founding team comprises seven named individuals including Co-Founder & CTO Abdul Wahid, Co-Founder & COO Salman Farsi, a Shariah Advisor (Shaykh Mahmoud), Head of Partnerships (Tozommul Ali), Social Media Manager (Hamza Ahmad), Fintech Advisor (Ruhul Amin), and Senior Developer (Jasulan Bishayev).

The business model is freemium with no subscription or platform fee; the company explicitly does not take a cut of donations. Revenue, to the extent any is retained, derives from a spread on Stripe payment processing fees (published Stripe UK card rate is 1.4% + £0.20; MyZakat states fees of 2.4% + £0.20 UK, 3.9% + £0.20 European, and 4.4% + £0.20 non-European), with donations routed directly to charity partners (ELM, Gift Foundation, Lonely Orphans). GTM is product-led and direct-to-consumer: self-serve mobile download, organic social across Facebook, X, Instagram and TikTok, app-store optimisation, and SEO-led blog content, with no institutional investors or funding rounds disclosed.

Name

MYZAKAT LIMITED

Legal name

MyZakat Limited

Website

https://myzakat.ai

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

MyZakat Limited is a UK-based, privately held company that operates an AI-powered mobile and web platform enabling individual Muslim donors globally to calculate their Zakat, track real-time nisab thresholds, and donate to pre-vetted Shariah-compliant charities via Stripe and Apple Pay.

Ownership category

akta.pro rank

Product category

Islamic Donation Software

NAICS

Trusts, Estates, and Agency Accounts (525920)

SIC

Finance Services (6199)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industry

Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)

Keywords

• Zakat calculation software
• Islamic charitable giving
• Religious donation platform
• AI finance assistant
• Mobile payment application

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Payment Processing Fees: Company does not take a cut of donations. Revenue generated through payment processing fees charged by payment providers: 1.4% + 20p for UK cards, 2.5% + 20p for European cards, and 3% + 20p for cards from other regions. The fees are charged by Stripe payment gateway and passed through to cover transaction costs.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

MyZakat provides an AI-powered mobile and web platform that helps individual Muslims calculate their annual Zakat obligations across multiple asset classes (cash, gold, silver, investments, property, debts, business assets), automatically tracks real-time nisab thresholds based on live gold and silver market prices, and routes donations to a curated network of pre-vetted Shariah-compliant charities with secure Stripe and Apple Pay payment processing. The service combines machine-learning-driven conversational guidance with expert human Shariah review to ensure accuracy and religious compliance.

Product overview

MyZakat is a unified AI-powered mobile platform for Zakat calculation and charitable giving, comprising the MyZakat App (iOS/Android), an integrated AI Zakat Calculator, a Charity Donation Platform connecting users to vetted recipients, and a Nisab Tracker feature. The platform leverages AI to simplify complex Islamic financial calculations while providing secure payment processing through Stripe and Apple Pay integrations.

Differentiator

Problem solved

Functional benefit

Products and services

• MyZakat Mobile App
• AI Zakat Calculator
• Charity Donation Platform

Quantifiable outcome

• 100% of donations go directly to charities (company does not take a cut)
• +1 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• ELMminorGTM or Marketing PartnerCharity partner featured on the website. ELM is one of the pre-vetted charities available for Zakat distribution through the MyZakat platform.
• Gift FoundationminorGTM or Marketing PartnerCharity partner featured on the website. Gift Foundation is one of the pre-vetted charities available for Zakat distribution through the MyZakat platform.
• Lonely OrphansminorGTM or Marketing PartnerCharity partner featured on the website. Lonely Orphans is one of the pre-vetted charities available for Zakat distribution through the MyZakat platform.
• StripecoreTechnology or IntegrationPayment gateway partner processing all donations. Stripe handles payment processing with bank-grade encryption (2.4-4.4% + £0.20 fee depending on card region). Stripe tokens are used for secure payment processing without storing card details.
• Apple PaycoreTechnology or IntegrationIntegrated digital wallet payment option. Transactions are encrypted and processed securely via Apple Pay. Company complies with PCI-DSS standards for payment data.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xx.com/myzakatai
• Facebookfacebook.com/myzakatai
• Instagraminstagram.com/myzakat.ai
• TikToktiktok.com/@myzakatai
• LinkedInlinkedin.com/company/myzakat

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MYZAKAT LIMITED