"And establish yourselves in prayer and pay zakat and obey the Messenger so that you may receive mercy"
Zakat Definition
Meaning of Language
Syarak
Who Is Obligated To Pay Zakat?
Islam
A muslim who own property required to pay zakat.
Free
Free from the grip of slavery.
Perfect Ownership of The Property
A person’s ownership of property is legally binding and has independent authority to manage the property.
Fit Within Nisab Rate
Nisab is the minimum amount of ownership of a property that becomes the obligatory condition of zakat on that property.
Fit Within The Period (Haul)
Haul is a period of one year or 12 months according to the Hijri year and there is permanent ownership of the property.
Today's Nisab
Nisab, or the threshold for wealth subject to zakat, differs based on the types of assets involved. The minimum value for zakat nisab is determined by hadith (sayings and actions of Prophet Muhammad). When determining the nisab for the same type of assets, their values should be combined.
The nisab can change depending on the type of assets and the fluctuations in the current market value.
July - December 2023 : RM 23,035.00
Type of Zakat
Zakat On Wealth
Zakat that is imposed on particular wealth and can be paid at any time. The rate of Zakat on Property and Income is 2.5% of the total value.
Zakat Fitrah
Decreed upon every financially capable Muslim and subject to certain conditions.
Zakat On Wealth
Income Zakat
Income means all wages, remuneration, payment or revenue derived from any work or efforts done regularly or occasionally…
Business Zakat
Business property derived from trade involving manufacturing, mining, fishing, shipping, supply…
Savings Zakat
Currency is mandatory to be subjected to Zakat because like gold and silver, it can be transacted…
Investment Zakat
Saham (investment) originates from the Arab word that means portion owned. Kamus Dewan defines “saham”…
EPF Zakat
Employees Provident Fund (EPF) monies derived from job earnings and kept in the employee’s…
Gold and Silver Zakat
Zakat on currency — be it paper, coins, etc. — is mandatory because like gold and silver, it can be transacted…
Takaful Zakat
Takaful products are a form of savings/investments that possess elements of Zakawi property…
Paddy Zakat
Zakat on nett earnings from paddy sales is mandatory (i.e Sales Revenue - Cost of Production)
Qada Zakat
Qada refers to fulfilling past zakat obligations that were missed for a period of a year (haul)….