Zakaat


Zakaat means to purify,in Islam when a person gives zakaat she/he does not give charity but purifies oneself.A muslim should know the spirit of giving zakaat along with the guidelines.
Volume 3, Book 47, Number 764:Narrated Asma:
Allah's Apostle said, "Give (in charity) and do not give reluctantly lest Allah should give you in a limited amount; and do not withhold your money lest Allah should withhold it from you."
As we know that we should be foremost runners in giving zakaat,not to be seen of men but to seek the pleasure of Allah.
In my zakaat calculator my attempt has been to cover most articles on which zakaat is due,even though one must refer to people well known in the field about other articles not covered here or for the accuracy of this article.

Please fill in the boxes with the value of article described.
I)Zakaat on Gold

Type of GoldPrice(per gm)Wieght(gms)
1)24 carat
2)22 carat
3)18 carat
Other gold valubles (total value)

II)Zakaat on Silver
Include Household Silver Utensils, Artefacts, and Jewelery. For Utensils, usually the silver is 90% pure so take 90% of the total weight.


Wieght(gms)
Price(per gm)

III)Zakaat on Precious stones(disputed)
One may calculate the Saleable Value of Items-at-hand on the date of Zakat Calculation.


Value of precious stones

IV)Zakaat on Cash in Hand/Bank
Zakat should be paid all cash balance and bank balances in your savings, current or FD accounts. The amount technically should be in the bank for one year.Usually it happens that the balance keeps on changing as per personal requirements so the average amount may be taken.


Cash in hand
Avg.bank balance

V)Zakaat on Loans


Loans recievable

VI)Zakaat on Investments

Investment in Govt. bonds
Provident fund contribution to date
Insurance premiums(including bonus)
Market value of Shares(stocks)
Security deposits
Investments in chits & funds
Other Investments


VII)Zakaat on Property & Rents
Zakat is not payable on personal residential House even if you have more than one and meant for residential purpose only. Also Zakat is not applicable on the value of Property given on rent irrespective of how many. However Zakat is payable on the rental income itself after deducting the maintenance and other expenses.

Value of properties(not on lease)
Amount of Rent recieved from properties

VIII)Zakaat on Stock in Trade
This is for Business Persons only. No matter what business you are into, you've got to pay Zakat on all STOCK-IN-TRADE. The stock must be valued at its Landed Cost Price.Damaged stock & Dead Stock should be calculated on scrap value or its saleable value.


Value of Saleable Stock
Value of Damaged / Dead Stock
Amount Receivable from Credit Sales
LESS: Amount Payable to Suppliers (Credit taken from suppliers for stocking goods)
LESS: Bad Debts

IX)Zakaat on Share in partnership firm
Zakat can be paid EITHER by the firm OR separately by the owners. If the firm is not paying, then the partner has to pay on his share.


Capital Balance as per Last balance Sheet
Loans Advanced by you to the Firm as of Date
LESS: Withdrawals made by you during the current Year.
Accumulated Profit from the date of Balance Sheet to this Date (Estimate the Profit Value as it is difficult to get exact figures in the middle of Accounting Year)

X)Zakaat on Crops

Produce Dependent on Rain Water.
Produce totally dependent on Artificial Irrigation like Canal, Tank, Borewell, etc.
Produce dependent Partially on Rain Water and Partially on Artificial Irrigation.
XI)Zakaat on Animal/fish farming/poultry
On all grazing animals like goats, sheep, camel, cows, broiler chickens, the consensus Zakat payable is one animal/bird for every 40 animals owned. However you may wish to give cash in lieu of the animal/bird itself.

Estimated value of zakaat
XII)Zakaat on vehicles
Zakaat payble on vehicles not in use/excess or on rent.
Value of vehicles(not on lease)
Amount of Rent recieved from vehicles


XIII)Reduction of Liabilities

LESS:loans taken


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