ASSETS

Cash at Home/Bank
Your cash assets include all monies in your bank account(s) and at home or on your person. Any interest you have received at the bank is ḥarām and must not be included.


Gold & Silver
Most scholars are of the opinion that Zakāh should be paid on all gold and silver jewellery, whether it is worn or not, and even if it is owned by a man (who isn’t permitted to wear gold jewellery). In the Shāfiʿī Madhhab, Zakāh should not be paid on jewellery that is worn.


Property (Other Than Home)
Any property other than your home must be considered for Zakāh. If you are in the business of buying and then selling properties when they appreciate in value, then Zakāh is due on the current resale value of these properties. However, If you are in the business of letting properties (rather than buying and selling them), then Zakāh is due on savings made from this rental income only.


Pension
Zakāh must be paid on the amount of your pension that you have contributed, but not on the portion paid by your employer.


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


Other Investments
The return on cash investments/bonds tends to be ‘fixed-interest’ and as such no Zakāh is due on this haram income. But Zakāh must still be paid on the initial sum invested.


Money Owed To You
If you are owed any debts, and you believe the debt can be recovered on demand, add it here. However, if there is any doubt about when and if you will recover the debt, do not include it here — but include it in the year you actually receive it, and pay Zakāh for all previous years that the debt was outstanding. If you have already received some of the debt, then Zakāh is due on this received amount.


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

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LIABILITIES

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


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