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 |
|
|
