|Weight in Grams||Price/Gm||Estimated Value||Zakat Payable|
|1||ZAKAT ON GOLD (2.5%)|
|1a||24 Carat Gold/Jewelry|
|1b||22 Carat Gold/Jewelry|
|1c||18 Carat Gold/Jewelry|
|1d||Other Gold Valuables. (Pls insert the Current Estimated Value)|
|2||ZAKAT ON PRECIOUS STONES (2.5%) (Please refer to notes)|
|Calculate the nett Market Value of the Precious stones like Diamonds, Rubies, Etc. and add them to the Estimated Value Column if they are purchased for commercial purpose.|
|3||ZAKAT ON SILVER (2.5%)|
|Include Household Silver Utensils, Artefacts, and Jewelery. For Utensils, usually the silver is 90% pure so take 90% of the total weight|
|4||ZAKAT ON CASH IN HAND /BANK (2.5%)||Actual Value|
|4a||Cash in Hand|
|4b||Cash in Bank in Savings Accounts|
|4c||Cash in Bank in Current Accounts|
|4d||Cash held in Fixed Deposits|
|5||ZAKAT ON LOANS / INVESTMENTS/ FUNDS/ SHARES, ETC (2.5%)||Actual Value|
|5a||Loans Receivable from Friends and Relatives|
|5b||Investment in Govt Bonds/ Mutual Funds/ etc|
|5c||Optional Provident Fund balance|
|5d||Cash Value of Takaful Policies|
|5e||Value of Shares (stocks) including Dividends. Take their market value on the date of calculation|
|5f||Government Security Deposits, ADRs, etc|
|5g||Investment in Private Chits, Funds, etc|
|5h||Investment in Cars Business etc.|
|6||ZAKAT ON LANDED PROPERTY (2.5%)||Estimate Value|
|6a||Landed Property held as an Investment / Business (Estimate the current Maket Value)|
|6b||Zakat on Rentals Coming from Property (Any amount remaining after Deducting for all expenses)|
|7||ZAKAT ON BUSINESS (2.5%) ---------- (STOCK-IN-TRADE)|
|7a||Value of Saleable Stock|
|7b||Value of Damaged / Dead Stock|
|7c||Amount Receivable from Credit Sales|
|7d||LESS: Amount Payable to Suppliers (Credit taken from suppliers for stocking goods)|
|7e||LESS: Bad Debts|
|TOTAL VALUE OF STOCK ( 7a+7b+7C-7d-7e)|
|8||ZAKAT ON SHARE IN PARTNERSHIP FIRMS (2.5%)|
|8a||Capital Balance as per Last balance Sheet|
|8b||Loans Advanced by you to the Firm as of Date|
|8c||LESS: Withdrawals made by you during the current Year.|
|8d||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)|
|NETT TOTAL WORTH CALCULATED|
|11||GENERAL LIABILITIES - You need to deduct your direct Payables or Liabilities which have not been deducted earlier - Usage of the loan should have been on Zakatable Wealth only.|
|11a||Loans/ Debts which are to be paid back|
|11c||Income Tax / Wealth Tax Payable (which is already counted towards your wealth)|
|TOTAL ZAKAT PAYABLE|
IMPORTANT: PLEASE READ BELOW SUMMARY FOR INSTRUCTIONS & NOTES:
Zakat should be calculated at 2.5% of the market value as on the date of valuation (Lunar date). Most Ulema favour the Market Value prevailing as on the date of Calculation and not the purchase price.
If these precious stones were purchased for commercial purpose (as an inventory), only then the market value of these precious stones will be considered while calculating zakat.
One may calculate the Saleable Value of Items-at-hand on the date of Zakat Calculation.
Zakat is to be paid on Silver in Pure form or Jewellery, Utensils, Decorative items and all household items including crockery, cutlery made of silver at 2.5% of the prevailing market rates.
Zakat should be paid at 2.5% on 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.
You may make your best judgement and the best way is to pay on remaining amount on the day of calculation
Zakat is payable by you on loans you have given to your friends and relatives. It should be treated as Cash in Hand. You may deduct Loans Payable by you to arrive at the nett present value of your wealth. However, if you are in doubt, on the return of your money, then you may not calculate it as your wealth. But you can add it to your wealth retrospectively, if and when your receive your money.
Zakat is payable on all Govt Bonds, Public Sector Bond, Cash value of Takaful policies, your paid-up portion of BC/Committee (Bachat/voluntary contribution) which is not yet received, Govt Bills receivables, etc. Pls remember you need to be aware of what the sharia says about Insurance and other types of investments. It is outside of the scope of this Zakath Calculator.
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 which is remain till the date of Zakat.
However if your intention of holding properties is to sell at a future date for a profit or as an investment, then Zakat is payable on the Market Value of the property on Zakat date.
Your paid-up portion of BC/Committee (Bachat/voluntary contribution) which is not yet received
This Zakah Calculator is uploaded for the benefit of our customers in order to calculate their Zakah for the year. However, it is suggested that the Zakah calculation shall be further presented to a Sharia Scholar for his review/feedback.