How do I know the amount of zakat money



Contents

  • 1 The amount of zakat on cash
  • 2 Zakat on gold and silver
  • 3 The amount of zakat on trade offers
  • 4 The amount of zakat on shares
  • 5 References

The amount of zakat on cash

The amount of zakat due in cash is equal to one-fourth of one-tenth of the value of money, and one-quarter of tenth equals by numbers what is 2.5%, and this value is calculated by dividing the amount of money to which the conditions of Zakat apply, which reached the quorum by number 40, and the resulting value is the value of Zakat. The value of the money was 10,000 and it was divided by 40 so the output is 250, and this is the amount of Zakat. [1]

Zakat on gold and silver

The Zakat for gold and silver due as it stood at the Banque du quorum, whether in the form of ingots or other, the quorum of pure gold is to reach the weight of 85 grams, while the quorum pure silver is to reach 595 grams weight, as the quorum is not controlled only by the weight, and the amount of Zakat is a quarter One tenth, or 2.5% of it. [2]


The amount of Zakat on trade offers

The value of Zakat on trade offers is one-fourth of the tenth, and this is according to the agreement of the Hanafi, Shafi’i, Maliki, and Hanbalis. Where trade offers are evaluated with cash that is equal to their value, according to which the quorum and the amount of zakat due do not differ between cash and trade offers. The value of Zakat can be calculated from trade offers in two ways as follows: [3]
  • The amount of Zakat = (cash + the value of goods + the desired debt - the debt owed) x 2.5%.
  • Zakat amount = (cash + value of goods + desired debt - what is owed on it) ÷ 40.

The amount of zakat on shares

Shares are considered part of the trade offerings, therefore zakat is required, and zakat on shares is calculated by knowing the value of shares when the year passes for them, i.e. at the end of the year regardless of their value from the purchase and zakat is paid one-fourth of ten, but if the shares are for the purpose of investment, not trade, no zakat is due on them. If the state or company pays zakat on shares, then no zakat is due on the person who owns the shares. [4]

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