Guide to Zakat on Savings Calculation

14
Zakat on Savings

description

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

Transcript of Guide to Zakat on Savings Calculation

Page 1: Guide to Zakat on Savings Calculation

Z a k a t o n S a v i n g s

Page 2: Guide to Zakat on Savings Calculation

Zakat

Zakat on Wealth Zakat Fitrah

Zakat on Savings

Zakat on Business

Zakat on CPF

Zakat on Insurance

Zakat on Shares

Zakat on Gold

Page 3: Guide to Zakat on Savings Calculation

Zakat on Savings

Page 4: Guide to Zakat on Savings Calculation

Zakat on Savings

Bank CooperativeCurrentAccount

$$

Cash in hand

$$

$

Fixed DepositAccount

$$

Page 5: Guide to Zakat on Savings Calculation

Haul & Nisab

$ (Savings)

M i n i m u m L e v e l

Muharram

10 January 2009

Zulhijjah

1 January 2010

1 Hijrah Year

Page 6: Guide to Zakat on Savings Calculation

Step 1 Step 2 Step 3 Step 4 Step 5

Page 7: Guide to Zakat on Savings Calculation

Langkah 1 Step 2 Step 3 Step 4 Step 5

Obtain nisab value

Step 1

$ (Savings)

1 Hijrah Year

Obtain nisab value

Page 8: Guide to Zakat on Savings Calculation

Langkah 1 Step 2 Step 3 Step 4 Step 5

Obtain nisab value

Step 1

www.zakat.sg

$ (Savings)

1 Hijrah Year

Page 9: Guide to Zakat on Savings Calculation

Step 1 Step 2 Step 3 Step 4 Step 5

Obtain nisab value

Step 1

Berita HarianMarch 2010

Nisab$4606

$ (Savings)

1 Hijrah Year

Page 10: Guide to Zakat on Savings Calculation

Step 1 Step 2 Step 3 Step 4 Step 5Step 2

Look at your savings account

$ (Savings)

1 Hijrah Year

Look at your savings balances throughout the year

Page 11: Guide to Zakat on Savings Calculation

Step 1 Step 2 Step 3 Step 4 Step 5Step 2

Look at your savings account

$ (Savings)

1 Hijrah Year

Deposit ($) Withdraw ($) Balance ($)

Page 12: Guide to Zakat on Savings Calculation

Step 1 Step 2 Step 3 Step 4 Step 5Step 3

$ (Savings)

1 Hijrah Year

If your balances do not drop below nisab level, you are obligated for Zakat

Look at your balances

Page 13: Guide to Zakat on Savings Calculation

Step 1 Step 2 Step 3 Step 4 Step 5Step 4

$ (Savings)

1 Hijrah Year

Lowest balance throughout 1 Hijrah Year

Identify lowest balance

Page 14: Guide to Zakat on Savings Calculation

Step 1 Step 2 Step 3 Step 4 Step 5Step 5

Take lowest balance

x 2 . 5 %Lowest balance

= Zakat on Savings

$ (Savings)

1 Hijrah Year