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# Zakat calculator(1)

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### Zakat calculator(1)

1. 1. Zakat Calculation Spreadsheet 07/19/2011 Zakat Calculator (Use Only YELLOW cells to fill Values. Please refer to the Appendix Sheet for more explanations on Each Section) Estimated Weight in GMS Price/Gm Zakat Payable Value1 ZAKAT ON GOLD 24 Carat Gold/Jewelry 100.00 90.00 9,000.00 225.00 22 Carat Gold/Jewelery .00 - 18 Carat Gold/Jewelry .00 - Other Gold Valuables. (Pls insert the Current Estimated Value) -2 ZAKAT ON PRECIOUS STONES Calculate the nett Market Value of the Precious stones like Diamonds, Rubies, Etc. and add them to the Estimated Value Column -3 ZAKAT ON SILVER Include Household Silver Utensils, Artefacts, and Jewelery. For Utensils, usually the silver is 90% pure so take 90% of the total weight 500.00 20.00 10,000.00 250.004 ZAKAT ON CASH IN HAND /BANK Actual Value Cash in Hand 4,000.00 100.00 Cash in Bank in Savings Accounts - Cash in Bank in Current Accounts - Cash held in Fixed Deposits - ZAKAT ON LOANS / INVESTMENTS/ FUNDS/5 SHARES, ETC Actual Value Loans Receivable from Friends and Relatives - Investment in Govt Bonds - Provident Fund Contribution to date. - Insurance Premiums including bonus up to date - Value of Shares (stocks) including Dividends. Take their market value on the date of calculation - Government Security Deposits, ADRs, etc - Investment in Private Chits, Funds, etc - Other Sources of Wealth -6 ZAKAT ON LANDED PROPERTY Estimate Value Landed Property held as an Investment / Business (Estimate the current Maket Value) -7 ZAKAT ON BUSINESS Value of Saleable Stock Value of Damaged / Dead Stock Amount Receivable from Credit Sales LESS: Amount Payable to Suppliers (Credit taken from suppliers for stocking goods) LESS: Bad Debts TOTAL VALUE OF STOCK .00 -8 ZAKAT ON SHARE IN PARTNERSHIP FIRMS Page 1 of 4
2. 2. Zakat Calculation Spreadsheet 07/19/2011 Estimated Weight in GMS Price/Gm Zakat Payable Value Capital Balance as per Last balance Sheet Loans Advanced by you to the Firm as of Date LESS: Withdrawals made by you during the current Year. Accumulated Profit from the date of Balance Sheet to this Date (Estimate the Profit Value as it is difficult to get exact figures in the middle of Accounting Year) NETT TOTAL WORTH CALCULATED .00 -9 ZAKAT ON AGRICULTURAL PRODUCE Value of Produce Produce Dependent on Rain Water - @ 10% of product (crop) in Value or Kind - Produce totally dependent on Artificial Irrigation like Canal, Tank, Borewell, etc. - @ 5% of Produce (crop) in Value or in Kind - Produce dependent Partially on Rain Water and Partially on Artificial Irrigation - 7.5% of the Produce Value or in Kind - ZAKAT ON ANIMALS & POULTRY & FISH10 FARMING Total Value Animals/ Birds more than 6 months Old - @ 1 Animal or Bird PER 40 either in Kind or Value of the same. - GENERAL LIABILITIES - You need to deduct11 your direct Payables or Liabilities which are not deducted above Loans taken from from Friends / Relatives 2,000.00 Loans Taken from Banks / Institutions 1,500.00 Income Tax / Wealth Tax Payable TOTAL LIABILITIES 3,500.00 -96.25 TOTAL ZAKAT PAYABLE 478.75 Page 2 of 4