Calculation of Zakath

AN EXAMPLE OF CALCULATION OF ZAKAAT
A Muslim normally has the following assets and liabilities at the end of the year.
Assets
1. House – Total with Household Goods 120 000.00
2. Motor Vehicle 20 000.00
3. Jewellery (Silver and Gold) 5 000.00
4. Precious stones 5 000.00
5. Fixtures and Fittings 20 000.00
6. Stock in trade 75 000.00
7. Debtors – people owing him money 10 000.00
8. Shares in Public companies 5 000.00
9. Immovable properties 5 000.00
10. Other savings – cash, investments,, endownments, retirement annuties 20 000.00
Total 530 000.00
Liabilities
Bond on house (40 000 Total) yearly payments 9 600.00
Overdraft end of year 20 000.00
Creditors – you owing people 20 000.00
Higher purchase – Cars and furnitures (Total 15 000.00) yearly payment 7 200.00
Total 56 800.00
Zakaatable assets
Jewellery – Gold and silver 5 000.00
Cash 20 000.00
Stock in Trade 75 000.00
Shares 5 000.00
Debtors 10 000.00
Total 115 000.00
Less liabilities 56 800.00
2.5% of this amount 58 200.00
Table of Zakaat for sheep and goats
No. of Sheep or Goats 40 – 120, 121- 200, 210 - 400, Over 400
Zakaat (One year old) One, Two, Three, Four
One – 1 year old animals per every hundred thereafter.
Table of Zakaat for cattle
No. of Heads of cattle 30 – 39, 40 – 59, 60 – 69, 70
Zakaat 1 animal – 1 year old, 1 animal – 2 year old, 2 animals – 1 year old,

2 one year old- One 2 year old
Thereafter adding one – 1 year old animal for every thirty animals, and adding one – 2 year old animal for every forty animals.
Horses
One fortieth amount of the total value of the horses owned which are over and above those used by the owner for riding, hauling or farming.
Zakaat is payable only on the ownership of animals grazing on the farms. Animals which do not graze but are fed in closed stables, cowsheds or pens and such enclosures are exempt from the payment of Zakaat.
Animals which are underaged are totally exempt from the payment of Zakaat. Nor is there Zakaat on the ownership of such animals which are used for riding, for farming and/or for any other purpose connected with the earning of a living or recreation.

Table of Zakaat for Camels
The Nisaab is 5
There is no Zakaat if the number is less than five
NUMBER ZAKAAT
1 year old 2 year old 3 year old 4 year old
5 – 9 1 goat
10 – 14 2 goats
15 – 19 3 goats
20 – 24 4 goats
25 – 35 1 camel
36 – 45 1 camel
46 – 60 1 camel
61 – 75 1 camel
76 – 90 2 camels
91 – 120 2 camels
125 – 129 1 goat plus 2 camels
130 – 134 2 goats plus 2 camels
135 – 139 3 goats plus 2 camels
140 – 144 4 goats plus 2 camels
145 – 149 1 camel plus 2 camels
150 – 154 3 camels
155 – 159 1 goat plus 3 camels
160 – 164 2 goats plus 3 camels
165 – 169 3 goats plus 3 camels
170 – 174 4 goats plus 3 camels
175 – 185 1 camel plus 3 camels
186 – 195 1 camel 3 camels
196 – 200 4 camels

Info By:

SADIQ.M from Darulsafa Home.

darulsafa@gmail.com