Zakat Calculator

Weight in Tola 1 ZAKAT ON GOLD 24 Carat Gold/Jewelry 22 Carat Gold/Jewelery 18 Carat Gold/Jewelry Other Gold Valuables. (Pls insert the Current Estimated Value) 2 ZAKAT ON PRECIOUS STONES Calculate the nett Market Value of the Precious stones like Diamonds, Rubies, Etc. and add them to the Estimated Value Column
You will need to find out the market price as of today and insert the same in Price/Gm

(Use Only WHITE cells to fill Values. Please refer to the Appendix Sheet for more explana

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 4 ZAKAT ON CASH IN HAND /BANK Cash in Hand Cash in Bank in Savings Accounts Cash in Bank in Current Accounts Cash held in Fixed Deposits

Please find out the value of Silver per Gm and insert it in Price/Gm Column

List out your entire sources of wealth. ZAKAT ON LOANS / INVESTMENTS/ FUNDS/ SHARES, ETC

Even money receivable given as a loan to someone is to be calculated for zakat purposes

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 6 ZAKAT ON LANDED PROPERTY Landed Property held as an Investment / Business (Estimate the current Maket Value) 7 ZAKAT 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

ZAKAT ON SHARE IN PARTNERSHIP FIRMS Capital Balance as per Last balance Sheet Loans Advanced by you to the Firm as of Date
If your company as a whole pays zakat then you need not calculate personal zakat. If not then you have to see your personal share in the firm and pay zakat on that percentage.

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 9 ZAKAT ON AGRICULTURAL 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 10 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.

The calculation Fish Farming and Poultry Birds is a little bit complicated. Pls contact your Local Aalim for the right calculations.

11 GENERAL 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

TOTAL ZAKAT PAYABLE

t Calculator
Price in Tola Estimated Value .00 .00 .00 Zakat Payable These are just notional Values, please check current market price and insert it here These are just notional Values, These just notional Values, please are check current market please check current market price and insert it here price and insert it here

er to the Appendix Sheet for more explanations on Each Section)

These are just notional Values, please check current market price and insert it here

.00

Actual Value -

Actual Value Estimate Value -

.00

.00 Value of Produce

Total Value

.00

.00

.00

Dear Brothers & Sisters,

Alhamdulillah, the month of Ramadhan has been be pillars of Islam, mandatory on all muslims who are of eligible (and not his income), which has remained with him/her for one

It is difficult to calculate the completion of one yea overcome this difficulty, a practical method is to fix a date (e calculate Zakat, thereon.

The attached spreadsheet is a humble attempt at maki and sisters who are fortunate to be worthy of paying Zakat. may be brought to my notice immdtly by email at ajameel@ Allah give us all the rewards of both worlds. Aameen.

Details of Each Section to be used Sprea

1

Zakat should be calculated at 2.5% of the market va Ramadhan). Most Ulema favour the Market Value prevailing a

A Reduction of 2% from the weight of Jewellery can be al KUNDAN Jewellery.

2

There is some contention on whether these are to be con then they calculate towards your wealth, and it is on the wealt One may calculate the saleable value of Items at hand on the
3

Zakat is to be paid on Silver in Pure form or Jewell crockery, cutlery made of silver at 2.5% of the prevailing mark
4

Zakat should be paid at 2.5% on all cash balance and b technically should be in the bank for one year. Usually it requirements.

You may make your best judgement and the best way is
5

Zakat is payable by you on loans you have given to you may deduct Loans Payable by you to arrive at the nett presen

Appendix: Explanations To be used in conjunction with the Spreadsheet on Zakat Calculator

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Zakat is payable on all Govt Bonds, Public Sector Bon Funds, Govt Bills receivables, etc.

Appendix: Explanations To be used in conjunction with the Spreadsheet on Zakat Calculator

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Zakat is not payable on personal residential House even i Also Zakat is not applicable on Property given on rent irrespec

However if your intention of holding properties is to se payable on the Market Value. Also, if your intention of hold business then you need to pay Zakat on that Property Value
7

This is for Business Persons only. No matter what busin The stock must be valued at its Landed Cost Price. If you have the same towards calculations.

Deduct the Amounts due to your suppliers and deduc be calculated on scrap value or its saleable value. Damaged s

Be honest in the calculations, as ZAKAT is an INSURAN than Him.

There is no Zakat on Factory Buildings or any kind of (i.e. finished goods value). Please refer to a competent Moulv
8

Zakat can be paid EITHER by the firm OR separately calculate his share, he should take the amount standing to h estimated share of profit till the date zakat is calculated.

This can only be estimated as it is difficult to ca

9

Zakat is payable on all Agricultural produce includin grains at the harvest time itself. The passing of One year doe on the same land per year, then Zakat has to be paid as many The formula for Zakat calculation on Agriculture is as follows:

On crops dependent purely on rain water it will be 1 Canal Water, Tank Water, Borewell and Open wells, the Zakat and partly on other water, the Zakat applicable would be 7.5%
10

On all grazing animals like goats, shee, camel, cows for every 40 animals owned. However you may wish to give ca

Please consult your local Scholar or Maulvi or Im Fiqh if you would like to have first hand confirmation of the sit
Appendix: Explanations To be used in conjunction with the Spreadsheet on Zakat Calculator

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11

If you have any pending tax payable to the govt, as o before arriving at the net worth. If you have taken any lo deducted the same from any of the above sections, then you is a sure way of protecting ones wealth if Zakat has been paid

FOOTNOTE: Please note that Interest in any form is Haram and strictly prohi Interests from any body or institution.

Appendix: Explanations To be used in conjunction with the Spreadsheet on Zakat Calculator

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hers & Sisters,

amdulillah, the month of Ramadhan has been bestowed upon us by Allah. ZAKAT is one of the five fundament m, mandatory on all muslims who are of eligible wealth. Zakat is due from and payable by a person on his weal ncome), which has remained with him/her for one Islamic year.

difficult to calculate the completion of one year on each item of wealth, because purchase dates may vary. s difficulty, a practical method is to fix a date (e.g. 1st of Ramadhan), compute your total wealth on that date an at, thereon.

tached spreadsheet is a humble attempt at making the calculation process simple and consolidated, for all brothe ho are fortunate to be worthy of paying Zakat. If there are any errors, its purely due to my incomprehension an ght to my notice immdtly by email at ajameel@yahoo.com. Please remember me in your supplications and m all the rewards of both worlds. Aameen.

rs Brother in Islam, Arif Jameel.

etails of Each Section to be used in conjunction with the Calculation Spreadsheet.

at on Pure Gold and Gold Jewellery

should be calculated at 2.5% of the market value as on the date of valuation (In our case we consider 1st Most Ulema favour the Market Value prevailing as on the date of Calculation and not the purchase price.

tion of 2% from the weight of Jewellery can be allowed towards studded stones jewellery & 25% from the weight ellery.

at on Precious and Semi-Precious Stones

some contention on whether these are to be considered for valuation. In my humble opinion if they have a valu culate towards your wealth, and it is on the wealth that Zakat is mandatory.

ulate the saleable value of Items at hand on the date of Zakat Calculation.

at on Silver.

at is to be paid on Silver in Pure form or Jewellery, Utensils, Decorative items and all household items includin ery made of silver at 2.5% of the prevailing market rates.

at on Cash and Bank Balances

should be paid at 2.5% on all cash balance and bank balances in your savings, current or FD accounts. The amou hould be in the bank for one year. Usually it happens that the balance keeps on changing as per person .

ay make your best judgement and the best way is to pay on remaining amount on the day of calculation

at on Loans Given, Funds, etc

is payable by you on loans you have given to your friends and relatives. It should be treated as Cash in Hand. Yo oans Payable by you to arrive at the nett present value of your wealth.

Appendix: Explanations To be used in conjunction with the Spreadsheet on Zakat Calculator

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t is payable on all Govt Bonds, Public Sector Bond, paid-up Insurance premiums, your paid-up portion of Provide Bills receivables, etc.

Appendix: Explanations To be used in conjunction with the Spreadsheet on Zakat Calculator

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at on Landed Property

not payable on personal residential House even if you have more than one and meant for residential purpose only not applicable on Property given on rent irrespective of how many. However Zakat is payable on the rental incom

r if your intention of holding properties is to sell at a future date for a profit or as an investment, then Zakat he Market Value. Also, if your intention of holding properties changes in the current year, I.e. from self use n you need to pay Zakat on that Property Value

at on Business:

for Business Persons only. No matter what business you are into, you've got to pay Zakat on all STOCK-IN-TRADE st be valued at its Landed Cost Price. If you have any bills receivable (sales given on credit) then you need to ad ards calculations.

ct the Amounts due to your suppliers and deduct the loans on stock on the date of calculation. Dead Stock shou on scrap value or its saleable value. Damaged stock should also be valued at its scrap value.

nest in the calculations, as ZAKAT is an INSURANCE on your STOCK directly from ALLAH and who better an insur

e is no Zakat on Factory Buildings or any kind of machinery, but there is zakat on products produced in the facto goods value). Please refer to a competent Moulvi or a scholar who can shed more light on your specific issues.

at on Partnership Firms.

t can be paid EITHER by the firm OR separately by the owners. If the firm is not paying, and the partner wants share, he should take the amount standing to his capital and loan account as per the last balance sheet. Add h are of profit till the date zakat is calculated. This can only be estimated as it is difficult to calculate the exact profit or loss between an accounting year.

at on Agricultural Product

at is payable on all Agricultural produce including fruits, commercially grown flowers, vegetables and all types harvest time itself. The passing of One year does not apply for agrultural produce. If there are two or more cro and per year, then Zakat has to be paid as many times on the crop, irrespective of the time.

or Zakat calculation on Agriculture is as follows:

crops dependent purely on rain water it will be 10% of produce, On crops not irrigated through rain water but u Tank Water, Borewell and Open wells, the Zakat is 5% of the produce. For Crops dependent partly on Rain Wat other water, the Zakat applicable would be 7.5% of produce.

at on Animals

all grazing animals like goats, shee, camel, cows, broiler chickens, the consensus Zakat payable is one animal/bi animals owned. However you may wish to give cash in lieu of the animal/bird itself.

Please consult your local Scholar or Maulvi or Imaam who can guide you to the right direction, or refer to books ould like to have first hand confirmation of the situation.
Appendix: Explanations To be used in conjunction with the Spreadsheet on Zakat Calculator

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bilities Deductions

have any pending tax payable to the govt, as of the date of Zakat Calculation, then the same may be deducte ng at the net worth. If you have taken any loans from any person or institution, and if you have not alrea same from any of the above sections, then you can deduct your Payables over here. Please be truthful, as Zak of protecting ones wealth if Zakat has been paid on it regularly and fully.

ease note that Interest in any form is Haram and strictly prohibited. So please stay away from taking Loans on Interests AND Collection of y body or institution.

Appendix: Explanations To be used in conjunction with the Spreadsheet on Zakat Calculator

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