Zakat Payable

1. ZAKAT ON GOLD

24 Carat Gold/Jewelry

ESTIMATED VALUE

22 Carat Gold/Jewelery

ESTIMATED VALUE

18 Carat Gold/Jewelry

ESTIMATED VALUE

Other Gold Valuables. (Pls insert the Current Estimated Value)

2. ZAKAT ON PRECIOUS STONES

Estimate value

Calculate the net 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

ESTIMATED VALUE

4. ZAKAT ON CASH IN HAND /BANK

Actual Value

Cash in Hand

Cash in Bank in Savings Accounts

Cash in Bank in Current Accounts

Cash held in Fixed Deposits

5. ZAKAT ON LOANS / INVESTMENTS/ FUNDS/ 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

Actual Value

Landed Property held as an Investment / Business (Estimate the current Market Value)

7. ZAKAT ON BUSINESS

Actual Value

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

8. ZAKAT ON SHARE IN PARTNERSHIP FIRMS

Actual 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

9. ZAKAT ON AGRICULTURAL PRODUCE

Actual Value

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

10. ZAKAT ON ANIMALS & POULTRY & FISH FARMING

Actual Value

Animals/ Birds more than 6 months Old - @ 1 Animal or Bird PER 40 either in Kind or Value of the same.

11. GENERAL LIABILITIES

- You need to deduct your direct Payables or Liabilities which are not deducted above

Actual Value

Loans taken from from Friends / Relatives

Loans Taken from Banks / Institutions

Income Tax / Wealth Tax Payable

TOTAL LIABILITIES

TOTAL ZAKAT PAYABLE