IMPORTANT INFORMATION ABOUT “ZAKAT”
Each able Muslim is obliged to pay 40th part or 2.5% of his wealth on which a year is spent. And it is necessary to provide it to deserving person. contact the scholars for details.
Some funds and their zakat for people, traders, landowners and animal feeders:
1000 on 40000 rupees
7500 on 3 lac
500000 ON 20 lac
2000 on 80000 rupees
10000 on 4 lAC
75000 on 30 lac
2500 on 1 lac
12500 ON 5 LAC
1 lac on 40 lac
5000 on 2 lac
250000 ON 10 LAC
125000 on 50 lac
2.5 lac on 1 crore
ZAKAT IS OBLIGATORY ON THESE THINGS:
Silver and gold
Silver and gold jewellery
cash or cash documents
merchandise trade/ wealth from trade
The plot taken from the intent to make profit by investing
All things purchased by the intent of business
Appointments submitted by the committee
the loan which is expected to be returned
the actual amount of insurance and prize bonds
earth production/ yield
Animals who feed outside
ZAKAT IS NOT OBLIGATORY ON THESE THINGS:
Basic needs of life
HOUSE TO BE LIVE BY
vehicles in use
goods above basic needs but are not for business
clothes in use/ to be weared
sallaries of employers
ZAKAT IS OBLIGATORY FOR WHOM?
zakat is obligatory for every wise, mature and wealthy man and woman (if he is able to)
NOTE: zakat cannot be given from the wealth earned from bribery, interest, stolen goods and other un-ethical ways. that money can be given as “sadqa” but not as zakat.
ony the halal income will be accepted as zakat.
ZAKAT FOR GOLD (2.5%)
zakat is obligatory for 7.5 gram gold. (note: either it is in use or not, zakat should be given)
ZAKAT FOR SILVER(2.5%)
zakat is obligatory for 52.5 gram silver (zakat is not on lesser weight than 52.5)
ZAKAT FOR ANIMALS
1 goat for 5 camels
2 goats for 10 camels
(zakat is not on camels less than 5)
1 goat for 30 cows
1 calf(of more than 2 years) for 40 cows
same criteria for buffaloes as for cows
1 goat for 40-120 goats/sheeps
2 goats for 120-200 goats/sheeps
zakat is not on goats less than 40
zakaat is not on rented house but if the rent reaches the curriculun and a year has passed on it, than zakat will have to be given on it. if the rent is spent before the year, there is no zakat.
the percentage of zakat will be same, 2.5%.
zakat is not on rented vehicles but zakat should be paid for the rent if a year has passed on the amount.