Zakat Calculator

ZAKAT ON GOLD(2.5%)
24 carat Gold/Jewelry
22 carat Gold/Jewelry
18 carat Gold/Jewelry
Other estimated gold valuables.(please insert the current estimated value)

Zakat payable on gold

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

Zakat payable:

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 payable:

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 payable:

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

Zakat payable:

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 payable:

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:

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

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

NETT TOTAL WORTH CALCULATED

ZAKAT ON ANIMALS & POULTRY & FISH FARMING(2.5%)
Animals/ Birds more than 6 months Old - @ 1 Animal or Bird PER 40 either in Kind or Value thereof.

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. HOME & CAR Loans are not to be deducted
Personal Loans/ Debts which are to be paid back
Income Tax / Wealth Tax Payable (which is due and already counted towards your wealth)

Total liabilities:

TOTAL ZAKAT PAYABLE:

You can pay your Zakat to OBHIZATRIK Foundation.


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