guide to zakat on business calculation

12

Click here to load reader

Upload: the-singapore-zakat-slideshare-channel

Post on 25-May-2015

4.857 views

Category:

Technology


4 download

DESCRIPTION

Learn how to calculate Zakat on Business with this slideshow. You can also watch the video of this presentation at http://www.youtube.com/zakatsg

TRANSCRIPT

Page 1: Guide to Zakat on Business Calculation

Z a k a t o n B u s i n e s s

Page 2: Guide to Zakat on Business 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 Business Calculation

Zakat on Business

Page 4: Guide to Zakat on Business Calculation

Zakat on Business

HalalAssets

HALAL

Haul & Nisab

Full Ownership

ProductiveAssets

Business Intentions

Page 5: Guide to Zakat on Business Calculation

Step 1 Step 2 Step 3 Step 4 Step 5

Page 6: Guide to Zakat on Business Calculation

Step 1 Step 2 Step 3 Step 4 Step 5

Current Assets

Step 1

Calculate Current Assets

=Current Assets $

Cash in hand 3,000

Bank balance 5,800

Closing Stock 4,500

Trade debtors 1,500

Total Current Assets 14,800

Page 7: Guide to Zakat on Business Calculation

Step 1 Step 2 Step 3 Step 4 Step 5

Current Liabilities

Subtract Current Liabilities

Step 2

Subtract Current Liabilities $

Trade creditors 500

Accrued operating expenses 2,000

Total Current Liabilities 2,500

Page 8: Guide to Zakat on Business Calculation

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

Subtract Current Liabilities $

Total Current Liabilities 2,500

Current Assets $

Total Current Assets 14,800

Net Current Assets $

Total Net Current Assets 12,300

Page 9: Guide to Zakat on Business Calculation

Step 1 Step 2 Step 3 Step 4 Step 5

Add donations, personal drawings and subtract

obsolete stocks

Step 3

+/Net Current Assets $

Total Net Current Assets 12,300

(+) Add Current Assets $

Donation in last quarter 500

Personal drawings 30,000

Adjustments

Page 10: Guide to Zakat on Business Calculation

Step 1 Step 2 Step 3 Step 4 Step 5

Adjustments

Step 3

(-) Less Current Assets $

Obsolete Stocks 1,000

+/

Total Net Assets due for Zakat 41,800

Net Current Assets $

Total Net Current Assets 12,300

Add donations, personal drawings and subtract

obsolete stocks

Page 11: Guide to Zakat on Business Calculation

Step 1 Step 2 Step 3 Step 4 Step 5

Multiply asset value

Multiply total net assets due for Zakat

by 2.5%

2.5%

Step 4

Total Net Assets due for Zakat 41,800

Page 12: Guide to Zakat on Business Calculation

Step 1 Step 2 Step 3 Step 4 Step 5

Percentage Muslim Ownership Share

Multiply with percentage of Muslim ownership

share of business

%

Step 5

Total Zakat:

$1,045