"Practice Regular Charity" Thru Payroll Deduction

Zakat Calculator

To calculate your Zakat from earned income, total up your net income after deductions,

 subtract the Nisab (which is the value of 85 grams of gold), then multiply that amount

 by .025 (2.5%). This can be paid once yearly, or divided over the number of

 paychecks you receive in a year, then arranged thru your employer for automatic

 deduction every payday.



  Weight in GMSPrice/GmEstimated ValueZakat Payable
1ZAKAT ON GOLD    
 24 Carat Gold/Jewelry  .00                    -  
 22 Carat Gold/Jewelery  .00                    -  
 18 Carat Gold/Jewelry  .00                    -  
 Other Gold Valuables.  (Pls insert the Current Estimated Value)                       -  
      
2ZAKAT ON PRECIOUS STONES    
 Calculate the nett Market Value of the Precious stones like Diamonds, Rubies, Etc. and add them to the Estimated Value Column                       -  
      
3ZAKAT ON SILVER    
 Include Household Silver Utensils, Artefacts, and Jewelery.  For Utensils, usually the silver is 90% pure so take 90% of the total weight  .00                    -  
      
4ZAKAT ON CASH IN HAND /BANK  Actual Value 
 Cash in Hand                       -  
 Cash in Bank in Savings Accounts                       -  
 Cash in Bank in Current Accounts                       -  
 Cash held in Fixed Deposits                       -  
      
5ZAKAT ON LOANS / INVESTMENTS/ FUNDS/ SHARES, ETC  Actual Value 
 Loans Receivable from Friends and Relatives                       -  
 Investment in Govt Bonds                       -  
 Provident Fund Contribution to date.                       -  
 Insurance Premiums including bonus up to date                       -  
 Value of Shares (stocks) including Dividends. Take their market value on the date of calculation                       -  
 Government Security Deposits, ADRs, etc                       -  
 Investment in Private Chits, Funds, etc                       -  
 Other Sources of Wealth                       -  
      
6ZAKAT ON LANDED PROPERTY  Estimate Value 
 Landed Property held as an Investment / Business (Estimate the current Maket Value)                       -  
      
7ZAKAT ON BUSINESS    
 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    
 TOTAL VALUE OF STOCK  .00                    -  
      
8ZAKAT ON SHARE IN PARTNERSHIP FIRMS    
 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)    
 NETT TOTAL WORTH CALCULATED  .00                    -  
      
9ZAKAT ON AGRICULTURAL PRODUCE  Value of Produce 
 Produce Dependent on Rain Water - @ 10% of product (crop) in Value or Kind                       -  
 Produce totally dependent on Artificial Irrigation like Canal, Tank, Borewell, etc. - @ 5% of Produce (crop) in Value or in Kind                       -  
 Produce dependent Partially on Rain Water and Partially on Artificial Irrigation - 7.5% of the Produce Value or in Kind                       -  
      
10ZAKAT ON ANIMALS & POULTRY & FISH FARMING  Total Value 
 Animals/ Birds more than 6 months Old -  @ 1 Animal or Bird PER 40 either in Kind or Value of the same.                       -  
      
11GENERAL LIABILITIES - You need to deduct your direct Payables or Liabilities which are not deducted above    
 Loans taken from from Friends / Relatives    
 Loans Taken from Banks / Institutions    
 Income Tax / Wealth Tax Payable    
 TOTAL LIABILITIES  .00.00
      
 TOTAL ZAKAT PAYABLE   .00
      



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