ASSETS

Cash Available Zakat is payable on all your cash. Add up the total amount you have on your Zakat anniversary.

Enter the amount of cash you have including money in your bank account(s).

Cash In Hand Cash In Bank Account(s)

Money Owed To Me Money owed to you as a result of trading or lending must be included in your Zakat calculation.

If you are owed money and are confident it will be repaid, or you’ve sold something and are due to receive payment, you need to pay Zakat on these amounts.
Please Note: do not include rental income. There is a section below for property investments.

Loans Other Income (Personal Sales, etc.)

Gold and Silver Zakat is due on Gold and silver in any form (jewellery, coins, or ingots etc.) In the Hanafi school, you have to pay Zakat on all gold and silver you own. The other schools of thought don’t require the payment of Zakat on gold and silver for personal use.

Any gold and silver you own is subject to Zakat.

Gold Silver

Shares and Stocks If you plan to resell shares, Zakat is payable, at their current value.

If you own stocks, shares and/or private equity investments, Zakat is due on these investments.

Shares bought for short-term gain Shares bought for long-term investment

Pension Ideally, Zakat should be calculated by analysing the proportion of assets in the pension fund on which Zakat is applicable.

If you have a defined contribution scheme pension, Zakat is due on specific assets in the fund.

Pension Value

ISAs and Child Trust Funds Zakat is due on cash ISAs, junior ISAs and child trust funds. For Hanafis, Zakat is not due on children's wealth. For Shafi’i, Maliki and Hanbalis, Zakat must be paid on children’s wealth.

Enter the amount you have saved or invested in ISAs and child trust funds.

Stocks and Shares ISA Stocks and Shares Child Trust Fund Cash ISA

Cryptocurrency If you own any crypto assets simply convert the value into pounds at the time of giving your Zakat.

Enter the value of any cryptocurrency in pounds.

Cryptocurrency Assets

Business Assets This includes cash, goods, and any outstanding payments your business is owed, and any raw materials you own.

Enter the value of any business assets that you own.

Business Assets

Property Investments If the property was purchased for the sole purpose to sell it (buying and selling) then zakat is necessary on the current value of the property. However if it is purchased for the sake of attaining rental income then zakat will only be necessary on the rental income.

Enter the value of properties you have purchased and intend to sell.

Property Value

Enter the combined rental income for properties you own.

Combined Rental Income