Guideline of the colors used in this calculator:
Added to your zakat payable
Deducted from your zakat payable
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ZAKAT ON
GOLD |
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Wt in gms |
Price |
Value |
Zakat |
24 Carat Gold/Jewelry |
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22 Carat Gold/Jewelery |
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18 Carat Gold/Jewelry |
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Other Gold Valuables. (Pls insert
the Current Estimated Value) |
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ZAKAT ON
PRECIOUS STONES |
Calculate the net Market Value of
the Precious stones like Diamonds, Rubies, Etc.
and add them to the Estimated Value Column |
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ZAKAT ON
SILVER |
Include Household Silver Utensils, Artefacts,
and Jewelery. For Utensils, usually the silver
is 90% pure so take 90% of the total weight |
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ZAKAT
ON CASH IN HAND /BANK |
Cash in Hand |
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Cash in Bank in Savings Accounts |
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Cash in Bank in Current Accounts |
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Cash held in Fixed
Deposits |
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ZAKAT ON
LOANS / INVESTMENTS/ FUNDS/ SHARES, ETC |
Loans Receivable from
Friends and Relatives |
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Investment in Govt
Bonds |
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Provident Fund Contribution
to date. |
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Insurance Premiums
including bonus up to date |
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Value of Shares (stocks)
including Dividends.
Take their market value on the date of calculation |
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Government Security
Deposits, ADRs, etc |
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Investment in Private
Chits, Funds, etc |
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Other Sources of Wealth |
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ZAKAT ON
LANDED PROPERTY |
Landed Property held
as an Investment / Business (Estimate the current
Maket Value) |
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ZAKAT
ON BUSINESS |
Value of Saleable
Stock |
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Value of Damaged /
Dead Stock |
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Amount Receivable
from Credit Sales |
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LESS: Amount Payable
to Suppliers (Credit taken from suppliers for
stocking goods) |
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LESS: Bad Debts |
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TOTAL VALUE OF STOCK |
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ZAKAT ON
SHARE IN PARTNERSHIP FIRMS |
Capital Balance as
per Last balance Sheet |
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Loans Advanced by
you to the Firm as of Date |
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LESS: Withdrawals
made by you during the current Year. |
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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) |
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NET TOTAL WORTH CALCULATED |
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ZAKAT ON
AGRICULTURAL PRODUCE |
Produce Dependent
on Rain Water - @ 10% of product (crop) in Value
or Kind |
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Produce totally dependent
on Artificial Irrigation like Canal, Tank, Borewell,
etc. - @ 5% of Produce (crop) in Value or in Kind |
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Produce dependent
Partially on Rain Water and Partially on Artificial
Irrigation - 7.5% of the Produce Value or in Kind |
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ZAKAT ON
ANIMALS & POULTRY & FISH FARMING |
Animals/ Birds more
than 6 months Old - @ 1 Animal or Bird PER 40
either in Kind or Value of the same. |
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GENERAL
LIABILITIES - You need to deduct your direct Payables
or Liabilities which are not deducted above |
Loans taken from from
Friends / Relatives |
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Loans Taken from Banks
/ Institutions |
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Income Tax / Wealth
Tax Payable |
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TOTAL LIABILITIES |
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TOTAL ZAKAT PAYABLE |
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