ZAKAT CALCULATOR

ZAKAT ON GOLD (2.5%)

24 Carat Gold/Jewelry



22 Carat Gold/Jewelery



18 Carat Gold/Jewelry



Other Gold Valuables. (Pls. insert the Current Estimated Value)


ZAKAT ON PRECIOUS STONES (2.5%) (Refer Important Notes at the end of this sheet for details of this category )

Calculate the Net Market Value of Precious stones like Diamonds, Rubies, etc. and add them to the Estimated Value Column (Please consult an Aalim)


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



ZAKAT ON CASH IN HAND/BANK (2.5%)

Cash in Hand


Cash in Savings Accounts

Cash in Current Accounts

Cash held in Fixed Deposits

ZAKAT ON INVESTMENT IN SHARES/BONDS/ MUTUAL FUNDS/ADVANCES/SECURITY DEPOSITS, ETC. (2.5%)

Loans Receivable from Friends and Relatives / Security Deposits / Advances


Investment in Govt Bonds, PSU Bonds, Corporate Bonds


Insurance Premiums paid including bonus up to date


Value of Shares/Bonds/Mutual Funds. Take the market value on Zakat Due Date


Government Security Deposits, ADRs, etc


Investment in Private Chits, Funds, etc


Postal Savings/Deposits


Other Sources of Wealth


ZAKAT ON LAND PROPERTY (2.5%)

Property held as an Investment / Business (Estimate the current Market Value)


Plots of land held for sale (Market value on Zakat Due Date)


ZAKAT ON BUSINESS (2.5%)

Value of Saleable Stock


Value of Damaged/Dead Stock


Amount Receivable from Credit Sales


Amount Payable to Suppliers (Credit taken from suppliers for stocking goods)


Bad Debts




ZAKAT ON SHARE IN PARTNERSHIP FIRMS (2.5%)

Capital, Reserves and Surplus as per last balance Sheet (your share)


Your Loan to the Firm as on Zakat Due 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)




ZAKAT ON AGRICULTURAL PRODUCE (10%, 7.5%, 5%)

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


ZAKAT ON ANIMALS (Sheeps,Goats, Cows, Buffaloes & Camels)

Sheep, lamb, goat (40-120: 1 animal, 121-200: 2 animals, 201-300: 3 animals)


Cows & Buffaloes (30-39: 1 calf of 1 year, 40-59: 1 animal of min. 2 years, 60-69: 2 calves of 1 year)


DEDUCTIONS - You need to deduct your liabilities - Usage of the loan should have been on Zakatable Wealth only.

Loans taken from Friends / Relatives


Loans Taken from Banks / Institutions (Loan taken for residential property only)


Zakat paid in advance during the year




TOTAL ZAKAT PAYABLE
0.00