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

1. Zakat on Business

2. Zakat
Zakat on Wealth Zakat Fitrah
Zakat Zakat Zakat
on Savings on Business on CPF
Zakat Zakat Zakat
on Insurance on Shares on Gold

3. Zakat
on Business

4. Zakat on Business
HALAL
Halal Haul & Full Productive Business
Assets Nisab Ownership Assets Intentions

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

6. Step 1 Step 2 Step 3 Step 4 Step 5
Current Assets
Current Assets $
Cash in hand
Bank balance
3,000
5,800
=
Closing Stock 4,500
Calculate
Trade debtors 1,500
Current Assets
Total Current Assets 14,800

7. Step 1 Step 2 Step 3 Step 4 Step 5
Current Liabilities
Subtract Current
$
Liabilities
Trade creditors 500
Accrued operating expenses 2,000 Subtract
Current Liabilities
Total Current Liabilities 2,500

8. Step 1 Step 2 Step 3 Step 4 Step 5
Current Assets $ Subtract Current Liabilities $
Total Current Assets 14,800 Total Current Liabilities 2,500
Net Current Assets $
Total Net Current Assets 12,300

9. Step 1 Step 2 Step 3 Step 4 Step 5
Adjustments
Net Current Assets $
Total Net Current Assets 12,300
(+) Add Current Assets $
+/
Donation in last quarter 500 Add donations, personal
drawings and subtract
Personal drawings 30,000
obsolete stocks

10. Step 1 Step 2 Step 3 Step 4 Step 5
Adjustments
Net Current Assets $
Total Net Current Assets 12,300
(-) Less Current Assets $
+/
Obsolete Stocks 1,000
Add donations, personal
drawings and subtract
Total Net Assets
41,800 obsolete stocks
due for Zakat

11. Step 1 Step 2 Step 3 Step 4
Step 4 Step 5
Multiply asset value
Total Net Assets
2.5%
due for Zakat 41,800
Multiply total net
assets due for Zakat
by 2.5%

12. Step 1 Step 2 Step 3 Step 4 Step 55
Step
Percentage Muslim Ownership Share
Total Zakat: %
$1,045 Multiply with percentage
of Muslim ownership
share of business