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Particulars

Weight In Grams

Price/Gm

Estimated Value

Zakat Payable

Zakat On Gold(2.5%)

Gold/Jewellery

 
 
 
 

ZAKAT ON PRECIOUS STONES (2.5%)

Calculate the nett Market Value of the Precious stones like Diamonds, Rubies, Etc. and add them to the Estimated Value Column.(Contentious subject. Refer Notes. Don’t Calculate if you disagree or are uncomfortable.)

 
 
 
 
 
 

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 Bank in Savings Accounts

Cash in Bank in Current Accounts

Cash held in Fixed Deposits

 
 
 
 

 

 

ZAKAT ON LOANS / INVESTMENTS/ FUNDS/ SHARES, ETC (2.5%)

Loans Receivable from Friends and Relatives

Investment in Govt Bonds

Provident Fund Contribution 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

 
 
 
 

 

 

ZAKAT ON LANDED PROPERTY (2.5%)

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

Zakat on Rentals Coming from Property (After Deducting for all expenses)

 
 
 
 

 

 

ZAKAT ON BUSINESS (2.5%) ----------(STOCK-IN-TRADE)

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 (7a+7b+7C-7d-7e)

 
 
 
 

 

 

ZAKAT ON SHARE IN PARTNERSHIP FIRMS (2.5%)

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

 
 
 
 

 

 

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.

Loans taken from from Friends / Relatives

Loans Taken from Banks / Institutions

Income Tax / Wealth Tax Payable

TOTAL LIABILITIES

 
 
 
 

 

 

TOTAL ZAKAT PAYABLE

 

 

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