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Sunday 3 April 2016

Zakat Calculation on Personal Asset

Zakat calculation: A sample for calculation
Personal asset:
1) Valuable Ornaments: (Gold, Silver)                                                =
2) Bank Deposit: Fixed, Savings, Current Account,
     DPS, special Savings                                                                      =
3) Share certificate, Savings certificate, Bond,
     Insurance, Provident Fund                                                             =  
4) Foreign Currency, F/C Account, Bond, Traveler Check                =
5) Stored Goods                                                                                  =
6) Deposit as a Guarantee which will be returned back                     =
7) Loan which you have given someone                                             =
8) Cash in hand                                                                                     
9) Advance you have- paid                                                                   =    
                    Total Zakatworthy value of the asset                              =

                    Then multiply 2.50% of the value.

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