Zakat Calculation
Primarily Based on Fiqh uz-Zakat by Yusuf al-Qaradawi
INTRODUCTION
The Need for a Zakat Form
A Critical Look at the Existing Forms
Essential Elements of a Zakat Form
Why Fiqh uz-Zakat?
Note to the Zakat payer
Chapter 1: Importance of Zakat
Zakat is the Third Pillar of Islam
Zakat is the Right of the Poor
If One Dies Before Paying Zakat
Punishment for Not Paying Zakat
Effects of Zakat on Individuals
Zakat as a Reminder that Wealth Belongs to Allah
Zakat Purifies the Soul from Miserliness
Zakat Trains One to Give
Zakat Trains One to Acquire Divine Characteristics
Zakat as an Expression of Thankfulness to Allah
Zakat is a Cure for the Love of Worldly Things
Zakat Stimulates Personality Growth
Zakat Improves Ties of Mutual Love
Zakat Purifies Wealth
Zakat Brings Growth to Wealth
Building a Zakat-Conscious Society
Chapter 2: Conditions of Zakatabiity
Assets Subject to Zakat
People Subject to Zakat
Chapter 3: Basic Principles of Assessing Zakat
Agricultural Output
Agricultural Land
Business Goods and Business Income
Converts
Child Support And Alimony
Children And The Insane
Determining the Value of a Given Asset
Debt
Should All Types of Debt be Deductible?
The Issue of Debt: A Balanced Approach
An Example for Calculating Debt on a House Loan
Past Due Zakat and Business Debt
Duplication of Zakat is Prohibited
Earned Income
Interest Income
Jewelry and Ornaments
Livestock
Loans Made to Others
Loss of Zakat before it is Disbursed
Lost Property
Merchandise and Inventoried Items
Minimum Standard of Living
Net Earnings vs. Gross Earnings
Nisab
Combining Different Types of Assets
Passage of One Year
Property for Personal and Family Use
Property on Public Trust
Public Corporations
Rent
Retirement Fund (401k Fund)
Savings
Shares and Bonds
Interest Income
Tax
Tax Returns
Unlawful Wealth
Wages and Salaries
Chapter 4: Disbursing Zakat
Categories Where Zakat Money Can be Spent
The "poor" and the "needy" (fuqara and masakin)
Workers in Zakat Administration (amilna ‘alayha)
Those Whose Hearts are Being Reconciled (mu‘allafatul qulub)
Emancipating Slaves (fir riqab)
Those in Debt for Personal Reasons (al-gharimeen)
For the Cause of Allah (fi sabilillah)
Travellers (ibnus sabil)
Priority of Spending
Who Cannot Receive Zakat
The Rich
Those Capable of Earning
Fulltime Devotees Who Expend No Effort to Earn a Living
Can Non-Muslims Be Given Zakat?
Close Relatives
Sinful People May Be Given Zakat
Other Considerations
Intention
Payment in Value
Area of Distribution
Pre-Payment and Delayed Payment
Informing the Recipient that it is Zakat
Prayer by the Recipient for the Zakat Payer
Chapter 5: Zakat Calculation
Preparations Before Using the Form
Gathering Necessary Information and Documents
Understanding the Form
Which Form Should I Use?
Zakat Calculation – Short Form
Zakat Calculation – Comprehensive Form
Instructions
Savings
Earned Income
Business Income
Shares and Bonds
Money
Jewelry
Trading Goods
Agriculture
Final Calculation
Preparing For Next Year’s Zakat Calculation
Keeping Track of Records
Setting Aside Money to Pay Zakat
Appendix A: Sample Zakat Calculation
Appendix B: Sample Ledger for Recording Information
Index
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