A common misconception is that Zakat is a form of tax. However, it is a spiritual obligation in which we will be accountable to Allah directly.
Zakat plays a key role in supporting the poorest in the community, through providing them with essential aid as well as helping them come out of a life of poverty. You must pay Zakat if, firstly, you are an adult Muslim of sound mind, and secondly, you have possessed the minimum amount of wealth known as Nisab for one lunar year. Nisab must be maintained for one lunar year for Zakat to be required and must be paid as soon as it is due. Your Zakat year therefore starts on the date your wealth first equalled or exceeded the Nisab and should be calculated on that date for each subsequent year.
Our Prophet Muhammed saw has set Nisab at the rate equivalent to Today, this is usually the equivalent value in your local currency. In the Hanafi madhab, the value of silver is used to determine the Nisab eligibility to pay Zakat. In other madhabs, the value of gold is used. The value of gold and silver changes daily, so your Zakat payment will vary a little each year.
You can use our Zakat calculator to work out this year's Zakat. Zakat should be paid on wealth rather than income. Zakat is not just paid on the savings in your bank account. You need to pay Zakat on other types of wealth, such as:. A commonly asked question is whether women need to pay Zakat on their gold and silver jewellery.
There is a difference of opinion on this:. Another commonly asked question is whether Zakat needs to be paid on valuable items such as property or cars. The answer is: no, these items are exempt. However, if you intend to sell these items then it becomes a trading good and Zakat will be due on such items if a lunar year passes from the time of your intention to sell.
If it is easier, you can spread out your Zakat payments over the whole year. This one of the most common questions that is relevant to the willingness of a person and not, in terms of paying zakat. When it comes to talking about the zakat on salary topic, there is a long list of questions that need to be answered in detail for their actual and authentic clarifications. Please let me know the following: I am a salaried person and the amount I get I spend legally for household expenses.
But nothing remains. But still I would like to pay Zakat. I want to calculate zakat amount on the net salary I receive after deductions for this month of May..
Can I do so? Please respond. Dear Shaik Nazim, Thank you for your query. I recommend you to calculate your zakat using our zakat calculator to have an exact idea about how much amount you should pay. Should you have any further questions, feel free to ask.
Asslamualekum my name is shabenaz m salaried prsn I have got some of this amount I had saving in bank like fd and Rd my qtion is what amount I have to be paid as my zakat.
Dear Shabenaz, Thank you for your query. I am a salaried person. And so on… after 50 years you are left with just 4 lakhs from the original amount of 14 lakhs. This site uses Akismet to reduce spam. Learn how your comment data is processed. For better experience click here to download our mobile apps, IOS or Android. Contributions with an impact Donate Now. You can also Calculate zakat Online on your salary by using our Online Zakat Calculator on our website As to be eligible for zakat, you have to own a certain amount for one full year, if you are a salaried person, in a way that you are left with nothing by the end of the month, you do not have to pay any kind of zakat.
Some of the important points for zakat on salary can be addressed as follow: If any person falls under the following categories: He spends all of his earning and has no saving He saves some of the amount earned sometimes more sometimes less, If he falls in any of these two situations, and he is not willing to give to any charity to anyone then he must align a written schedule of all the earning and spending and write down every amount with the date and then pay zakat for each amount noted, separately.
Your total overall wealth must meet or exceed the nisab value in order for you to be eligible to pay Zakat. What is the Nisab value? The most up to date nisab for gold and silver can be found at the top of the page.
The nisab value is directly related to the current values of gold and silver. Originally, these values of silver and gold were equal but in the current day, they have become different, with the silver nisab being significantly lower than its gold counterpart. You can calculate the nisab value at any given time by converting these weights into your local currency. Your Zakat donation should amount to 2. You can use our Zakat calculator for gold, silver, cash and other assets to determine your overall wealth, and subsequently work out how much Zakat you need to pay.
Please note that any debts you currently have outstanding, including any form of a loan, are ineligible for Zakat so they must be deducted from the overall total. In the UK, tax can impact Zakat in a variety of different ways but there are Zakat rules to help guide you should you have any queries. For most, personal taxes like road and income tax are not exempt from Zakat.
The only exception to this is when the taxes being paid are overdue, in which case they become a deductible debt, though this is a rare situation. For some, especially business owners, filling in UK tax returns is an important part of being self-employed.
In this situation, many individuals will keep money in their bank specifically for when they fill in their tax returns. This figure being saved for tax is deductible from the Zakat total. Hopefully, you will now know exactly how much Zakat to pay and you are ready to make your payment. As an obligatory act of worship, your payment should go towards helping Zakat-eligible individuals, as decreed by the Prophet Muhammad PBUH. When to pay Zakat? Zakat is typically based on a full lunar year, and as such, most Muslims pay this towards the end of the year.
While this can be paid at any time, many choose to pay Zakat during Ramadan.
0コメント