{"id":10257,"date":"2018-05-31T17:12:25","date_gmt":"2018-05-31T17:12:25","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=10257"},"modified":"2018-05-31T17:12:44","modified_gmt":"2018-05-31T17:12:44","slug":"how-to-calculate-the-zakat","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/how-to-calculate-the-zakat\/","title":{"rendered":"How to calculate the Zakat"},"content":{"rendered":"

\n\tFatwa ID: 02523<\/strong><\/span><\/span><\/span>\n<\/p>\n

\n\tAnswered by: <\/strong>Maulana Muhammad Afzal Hussain<\/span><\/span><\/span>\n<\/p>\n

\n\tQuestion:<\/strong><\/span><\/span><\/span>\n<\/p>\n

\n\tCan anyone please explain how a Muslim should calculate Zakat, he is bound to pay? Please include all the factors, say, property, gold, income\/salary etc?<\/span><\/span><\/span>\n<\/p>\n

\n\tAnswer<\/strong><\/span><\/span><\/span>\n<\/p>\n

\n\tZakat, the giving of alms to the poor and needy, is one of the five pillars of Islam (Bukhari :8 Muslim:16)<\/span><\/span><\/span>\n<\/p>\n

\n\tThe author of Al-Hidayah said: ‘Zakat is obligatory for each free, sane and major Muslim when he owns the nisaab (minimum scale) through complete ownership and a year has passed over such ownership.’ [Al-Hidayah, Vol: 1, Chapter: The Obligation of Zakat]<\/span><\/span><\/span>\n<\/p>\n

\n\tThe individual must own a specific amount of wealth or savings (after living costs, expenses etc). This is referred to as Nisaab and is the threshold at which Zakat becomes payable. The amount of Zakat to be paid is 2.5% of Nisaab.<\/span><\/span><\/span>\n<\/p>\n

\n\tAllah said: "The alms are only for the Fuqara' (the poor), and Al-Masakin (the needy) and those employed to collect (the funds); and to attract the hearts of those who have been inclined (towards Islam); and to free the captives; and for those in debt; and for Allah's Cause, and for the wayfarer (a traveler who is cut off from everything); a duty imposed by Allah. And Allah is All-Knower, All-Wise." [Al-Quran 9:60]<\/span><\/span><\/span>\n<\/p>\n

\n\t"They ask you as to what they should spend. Say: Whatever wealth you spend, it is for the parents and the near of kin and the orphans and the needy and the wayfarer, and whatever good you do, Allah surely knows it." [Al-Quran 2:215]<\/span><\/span><\/span>\n<\/p>\n

\n\tZakat Calculation<\/span><\/span><\/span>\n<\/p>\n

\n\tStep 1: work out what you own<\/span><\/span><\/span>\n<\/p>\n

\n\tCash in hand £<\/span><\/span><\/span>\n<\/p>\n

\n\tCash in bank accounts £<\/span><\/span><\/span>\n<\/p>\n

\n\tValue of gold (current market value) £<\/span><\/span><\/span>\n<\/p>\n

\n\tValue of silver (current market value) £<\/span><\/span><\/span>\n<\/p>\n

\n\tAmount given out in loans (where the debtor is able and<\/span><\/span><\/span>\n<\/p>\n

\n\twilling to pay back the loan) £<\/span><\/span><\/span>\n<\/p>\n

\n\tCurrent value of shares £<\/span><\/span><\/span>\n<\/p>\n

\n\tValue of goods (property\/ cars\/ any business products and items) in stock for sale £<\/span><\/span><\/span>\n<\/p>\n

\n\tTotal assets £<\/span><\/span><\/span>\n<\/p>\n

\n\tStep 2: work out your outgoings from what you own<\/span><\/span><\/span>\n<\/p>\n

\n\tAmount owed in debt (short term loans or those payable<\/span><\/span><\/span>\n<\/p>\n

\n\twithin a year) £<\/span><\/span><\/span>\n<\/p>\n

\n\tExpenses (Tax, rent and other bills due immediately) £<\/span><\/span><\/span>\n<\/p>\n

\n\tTotal liabilities £<\/span><\/span><\/span>\n<\/p>\n

\n\tStep 3: Minus Total Liabilities from Total Assets and if the amount is more than the Nisaab then multiply by 0.025<\/span><\/span><\/span>\n<\/p>\n

\n\tTotal Assets £<\/span><\/span><\/span>\n<\/p>\n

\n\tTotal Liabilities £<\/span><\/span><\/span>\n<\/p>\n

\n\tTotal Zakat £<\/span><\/span><\/span>\n<\/p>\n

\n\tOnly Allah Knows Best<\/span><\/span><\/span>\n<\/p>\n

\n\tWritten by Maulana Muhammad Afzal Hussain   <\/span><\/span><\/span>\n<\/p>\n

\n\tChecked and approved by Mufti Mohammed Tosir Miah<\/span><\/span><\/span>\n<\/p>\n

\n\tDarul Ifta Birmingham<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Fatwa ID: 02523 Answered by: Maulana Muhammad Afzal Hussain Question: Can anyone please explain how a Muslim should calculate Zakat, he is bound to pay?…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/10257"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=10257"}],"version-history":[{"count":2,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/10257\/revisions"}],"predecessor-version":[{"id":10259,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/10257\/revisions\/10259"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=10257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=10257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=10257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}