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# Guide to Zakat on Savings Calculation

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Learn how to calculate Zakat on Savings with this slideshow. You can also watch the video of this presentation at http://www.youtube.com/zakatsg

Learn how to calculate Zakat on Savings with this slideshow. You can also watch the video of this presentation at http://www.youtube.com/zakatsg

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### Transcript

• 1. Zakat on Savings
• 2. Zakat Zakat on Wealth Zakat Fitrah Zakat Zakat Zakaton Savings on Business on CPF Zakat Zakat Zakat on Insurance on Shares on Gold
• 3. Zakaton Savings
• 4. Zakat on Savings \$ \$ \$ \$ \$ \$ \$ Current Fixed Cash in Bank Cooperative Account hand Deposit Account
• 5. Haul & Nisab Minimum Level\$ (Savings) Muharram 1 Hijrah Year Zulhijjah 10 January 2009 1 January 2010
• 6. Step 1 Step 2 Step 3 Step 4 Step 5
• 7. Step 1Langkah 1 Step 2 Step 3 Step 4 Step 5 Obtain nisab value \$ (Savings) Obtain nisab value 1 Hijrah Year
• 8. Step 1Langkah 1 Step 2 Step 3 Step 4 Step 5 Obtain nisab value \$ (Savings) www.zakat.sg 1 Hijrah Year
• 9. Step 1 Step 2 Step 3 Step 4 Step 5 Obtain nisab value\$ (Savings) Berita Harian March 2010 Nisab \$4606 1 Hijrah Year
• 10. Step 1 Step 2 Step 3 Step 4 Step 5 Look at your savings account\$ (Savings) Look at your savings balances throughout the year 1 Hijrah Year
• 11. Step 1 Step 2 Step 3 Step 4 Step 5 Look at your savings account\$ (Savings) Deposit (\$) Withdraw (\$) Balance (\$) 1 Hijrah Year
• 12. Step 1 Step 2 Step 3 Step 4 Step 5 Look at your balances\$ (Savings) If your balances do not drop below nisab level, you are obligated for Zakat 1 Hijrah Year
• 13. Step 1 Step 2 Step 3 Step 4 Step 4 Step 5 Identify lowest balance\$ (Savings) Lowest balance throughout 1 Hijrah Year 1 Hijrah Year
• 14. Step 1 Step 2 Step 3 Step 4 Step 55 Step Take lowest balance\$ (Savings) Lowest balance x 2.5% = Zakat on Savings 1 Hijrah Year