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Zakat Calculation With A Net Debt Position And Previously Unpaid Zakat
Objective of the question: is to understand what do I need to pay in terms of zakat.
My income is my salary on which I pay effectively 60% tax. In addition, I pay council tax and road taxes. I also have a pension portfolio, which is locked until I reach the age of 55 years. I also have a house, which 85% leveraged. In addition, I have cars on finance, some cash in my account, and other debts.
Can you pls advice from the above which assets, liabilities, and income, will attract zakat and how do I calculate how much I need to pay?
I had heard previously that if you are in a net debt position you are not liable to pay zakat, as a result I have not paid zakat previously. Kindly guide what do I need to do about any previous zakat due?
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8 Replies
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Zakat Calculation With A Net Debt Position And Previously Unpaid Zakat
updated 10 months ago
3 Members
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8
Replies
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You can calculate your Zakat with the help of Zakat calculator
https://ask.ghamidi.org/app/#/tools/zakat-calculator
1. Nothing except the following are exempt from zakah:
i.tools of production, trade and business
ii. personal items of daily use
iii. a fixed quantity called nisab
Taxes are counted as zakat
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Please see for unpaid zakat in the past:
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Thank you so much for replying
I am trying to book the premium consultation to follow up on these matter but getting an error when I get to the payment side – see attached – can you pls help?
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Please send this issue along with the screenshot at the following email id:
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Thanks, already did that a couple for days ago but yet to receive a respond but presumably they are busy and revert to me when they can.
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As per my knowledge, this feature is not yet live at the back end but is at the finishing stage.
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As per the most recent update, there are some scheduling conflicts, call mechanism and basic fee structure that need to be finalized. Other than that, everything is ready to go live.
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In the meanwhile, please feel free to post a follow-up question for any confusion regarding your main question and we will try our best to resolve it.
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