Ask Ghamidi

A Community Driven Discussion Portal
To Ask, Answer, Share And Learn

Forums Forums Islamic Sharia A Comprehensive List Of Items Exempt From Zakat Or Zakat Amount?

Tagged: 

  • A Comprehensive List Of Items Exempt From Zakat Or Zakat Amount?

     Faisal Haroon updated 1 month, 1 week ago 2 Members · 4 Posts
  • Nadeem Minhas

    Member May 9, 2021 at 5:50 pm

    There are lot of questions about the following types of assets. Is there a comprehensive reference list of items exempt from Zakat or with the Zakat amount. All these wuestions have been answered but not as a list in one place.

    For example.

    1. The salary already taxed more than recommended Zakat percentage?

    2. Business profits already taxed more than recommended Zakat percentage?

    3. Savings to buy a personal home. What is the limit

    4. Savings for emergencies. What is the limit

    5. Savings for retirement. What is the limit

    6. Savings for children’s education. What is the limit

    7. Savings for children’s wedding. What is the limit

    8. Personal assets, car, boat, motorcycle, airplane, regularly wearable jewelry. What is the limit

    9. Personal living expense. Any limit?

    10. Raw material for production

    11. Inventory for sale

    12. Business real estate

    13. Business or agricultural machines used for production

    14. Animals used instead machines for production

    15. Animsls kept for production of milk

    16. Animals kept for resale/assets

    17. Animals kept as savings for any of the reasons mentioned above for savings.

    18. Financial investments, stock, bonds, digital currency, investment in commodities, etc

    19. Appreciation of value of above investments, but not cashed

    20. Appreciated value of above investments cashed

    21. Social security income

    22. Withdraw of 401k and other retirement funds

    23. Insurance money received

    24. Money from an injury lawsuit

    25. Money from non injury lawsuit

    26. Assets from divorce

    27. Legacy or Bequest

    28. Treasures or find

    29. Gifts

    30. And others

  • Faisal Haroon

    Moderator May 9, 2021 at 8:43 pm

    Have you used our zakat calculator reading description of each box?

    Please enter appropriate numbers in our Zakat Calculator after reading description for each box. When you reach the end, it will generate a statement showing you exactly what you owe after any applicable deductions, and what percentage was applied to what. It’s also a great way to learn the sharia of zakat.

    View Zakat Calculator

    • Nadeem Minhas

      Member May 9, 2021 at 8:51 pm

      Yes Faisal I read the whole thing and used it too. It covers some of the items I listed. I was wondering if there was a quick reference list or perhaps the Zakat calculator may be enhanced to provide a list of all the scenarios I listed and more.

    • Faisal Haroon

      Moderator May 9, 2021 at 9:49 pm

      There’s no need for any comprehensive list. I can’t go over your complete list because most if it is redundant if you read the descriptions in the calculator, but I will comment on a few:

      #1, #2: already accounted for in the calculator

      #3, #6, #7: no limits as long as those savings are genuinely for the stated purpose

      #8 all personal assets are exempt

You must be logged in to reply.
Login | Register

Original Post
0 of 0 posts June 2018
Now