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Assets

Common Assets

£

All physical cash is included as part of one's total wealth.

£

All funds stored in bank accounts, however, any interested earned is considered haram and is not included.

£

According to the opinion of most scholars, all gold and silver is counted as wealth (whether it is worn or not).

£

Any owed debts that you believe could be recovered immediately, counts as wealth. If you have already recieved some of the debt, pay Zakat on that amount.

Other Assets

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If you are buying and selling shares then Zakat is due on their current market value. If you aren't selling, then Zakat is only due on dividends you recieve from them.

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Zakat is only due on the money you recieve from a pension fund, not what you contribute.

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Zakat is only due on the total of investments made into any ISA's/Trusts, not on the interest/gains you've recieved.

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Any value stored in crypto is Zakatable due to it's nature as a usable currency.

£

Business assets such as stock for sale, land and real estate that has been bought for the purpose of resale, raw materials and goods produced for sale are subject to zakat.

£

Any other investments made, not on the interest/gains you've recieved.

Liabilities

Personal Liabilites

£

Money you owe to anyone/any debts is counted as a liability.

£

Scholars allow up to one year's worth of the non-interest portion of your mortgage payments to be deducted.

£

You are allowed to deduct the amount of credit card debt you owe and will be repaying within the next 12 month.

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You are able to deduct up to 12 months of repayments of outgoings such as utility bills, overdrafts and tax bills etc.

Business Liabilites

£

You are able to deduct up to 12 months of any business debts such as loans and credit etc.

£

Nisab Values

Silver Nisab
£ 486.96
(612.36g)
Gold Nisab
£ 5,488.10
(87.48g)

Nisab values are up to date.

Your Summary

Total Assets: £ 0
Total Liabilities: £ 0
Total Zakatable: £ 0
Zakat to Pay: £ 0