ZAKAT Meaning, Importance, Payers & Recipients ZAKAT Meaning, Importance, Payers & Recipients.
Guide to Zakat on Savings Calculation
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Transcript of Guide to Zakat on Savings Calculation
Z a k a t o n S a v i n g s
Zakat
Zakat on Wealth Zakat Fitrah
Zakat on Savings
Zakat on Business
Zakat on CPF
Zakat on Insurance
Zakat on Shares
Zakat on Gold
Zakat on Savings
Zakat on Savings
Bank CooperativeCurrentAccount
$$
Cash in hand
$$
$
Fixed DepositAccount
$$
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
Step 1 Step 2 Step 3 Step 4 Step 5
Langkah 1 Step 2 Step 3 Step 4 Step 5
Obtain nisab value
Step 1
$ (Savings)
1 Hijrah Year
Obtain nisab value
Langkah 1 Step 2 Step 3 Step 4 Step 5
Obtain nisab value
Step 1
www.zakat.sg
$ (Savings)
1 Hijrah Year
Step 1 Step 2 Step 3 Step 4 Step 5
Obtain nisab value
Step 1
Berita HarianMarch 2010
Nisab$4606
$ (Savings)
1 Hijrah Year
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
Step 1 Step 2 Step 3 Step 4 Step 5Step 2
Look at your savings account
$ (Savings)
1 Hijrah Year
Deposit ($) Withdraw ($) Balance ($)
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
Step 1 Step 2 Step 3 Step 4 Step 5Step 4
$ (Savings)
1 Hijrah Year
Lowest balance throughout 1 Hijrah Year
Identify lowest balance
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