Zakah calculator
The Zakah calculator has been approved by HSBC Amanah Central Shariah Committee and provides a basic scenario for the calculation of Zakah. However, the calculation does not cover the active spectrum of assets and liabilities. Interpretations of Zakah caclulation may vary by some Shariah Scholars.
Assets
Cash in hand
Total amount deposited in banks
Account receivables
Rental income accrued
Net asset value of Sukuks
Total value of saving certificates
Market value of gold & silver (total)
Present value of the property
(That is purchased for the purpose of resale)
(That is purchased for the purpose of resale)
Inventory (trading goods)
Raw material and work in progress
Finished goods
Shares (that are purchased for trade)
Total assets
Liabilities
Total amount/Accounts/Notes payable
Unpaid rentals
Unpaid salaries
Any other dues (for example unpaid tax, utility bills etc)
Total liabilities
- Total
assets - -
- Total
liabilities - =
- Net
assets - *
- 2.5%
- =
- Zakat
payable
