Assets include money held in the bank, cash, property, jewellery or anything else of value. If any of the fields do not apply you can leave them blank.

Money in the bank or at home

Zakat is paid on any savings that you have had for one full year. Usually this means that you input the minimum that you have had in your account since you last calculated your Zakat one year ago. Include all your bank accounts, cryptocurrency, PayPal balance, and any money at home or in hand. Any interest you have received at the bank is haram and must not be included.

Jewellery

Most scholars are of the opinion that zakat should be paid on all gold and silver jewellery, whether it is worn or not.

Property

Any property other than your home must be included for zakat purposes. If you are in the business of buying and then selling properties when they appreciate in value, zakat is due on the current resale value of these properties. However, If you are in the business of letting properties then zakat is due on savings made from this rental income only.

Pensions

Zakat must be paid on the amount of your pension that you have contributed to in the last year but not on the portion paid by your employer.

Shares

If you don’t intend to sell the shares, then zakat is due on dividends you earn. However, if you are buying and selling shares, zakat is due on their current market value.

Other Investments

Business Value

Add the total value of cash in tills and at the bank + stock for sale (current sale value) + raw materials (value at cost).

Money Owed to You

If you are owed any debts, and you believe the debt can be recovered at any time include its value here. If instead there is doubt about if you will recover the debt, do not include it here, but instead include it in the year you actually receive it, and pay zakat for all previous years that the debt was outstanding. If you have already received some of the debt, then zakat is due on this received amount.

Liabilities represent money that is owed to others.

Any unpaid rent, house payments, utility bills or money that you owe etc., that are due or overdue should be entered here.

Business Debt

Any unpaid rent, property payments, invoices, staff salaries or money that you owe etc., that are due or overdue should be entered here.