An Example of Calculation of Zakaat

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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