Page 9 - Obligatory Zakat Made Easy
P. 9

Definition
       METHOD2                                 RM
 According to  Prof. Dr Yusuf AI-Qaradhawi and  Dr Hussein
 Shahatah,  salary  and  income  zakat  are  called  al-Mal   INCOME ELIGIBLE FOR ZAKAT x 2.5%
 al-Mustafad,  i.e.  zakat  which  is  derived  from  salary  and   (After deducting basic allowable expenses)
 professional income.
       Example:
       A. INCOME FROM ALL SOURCES (Annually)  48,000.00
 Categories of Salary and Income
       B. LESS ALLOWABLE EXPENSES (Annually)
 i.  Employment  Salary  and  Wages:  Salaries,  wages,  i. Self  12,000.00
 bonuses,   overtime  pay,   gratuity,   compensation,  ii. Wife  5,000.00
 pensions,  prizes,  awards,  intensive,  ESOS  (employee  iii. Child  Note2
 stock  option  scheme)  and  any  income  derived  from  a) Aged below 18 years: 1 child x RM2,000.00   2,000.00
 service or employment.  b) Aged above 18 years (studying in tertiary  5,000.00
           education institutions): 1 child x RMS,000.00
 ii. Freelance Income  iv. Self-education     2,000.00
 • Payment of professional consultancy services  v. Allowance to parents (RMl00.00 x 12 months)  1,200.00
 • Project payments or profits received by contractors  vi. EPF (11%)  5,280.00
 • Commission and residual income such as sales of  TOTAL DEDUCTION OF EXPENSES  32,480.00
 insurance, takaful, unit trust, brokerage & the like
 • Royalties or commissions from writing, publications,  C. INCOME ELIGIBLE FOR ZAKAT (A - B)  15,520.00
 arts activities and so on
       D. ZAKAT REQUIRED TO BE PAID           388.00
         (C is more than nisab  Notel )
 iii. Income-Generating Property (Mustaghallat)  RMlS,520.00 x 2.5%
 • Rental income from assets such as buildings,
 premises, equipment, etc.  E. LESS ZAKAT ON ANNUAL  30.00
 • Products of livestock such as milk, eggs, honey, etc.  CONTRIBUTION OF THE ORGANISATION
         WHICH PAID ZAKAT ON BEHALF OF THE
 * Income not required for zakat calculation:  CONTRIBUTOR  (Example:  Pilgrims'  Fund)
 Claims of lodging, overseas travel, entertainment, mileage  RMl,200.00 x 2.5%
 and other
       F. TOTAL ANNUAL ZAKAT                  358.00
 Calculation Method   G. TOTAL MONTHLY ZAKAT DEDUCTION   29.90
         (RM358.00 / 12 months)
 METHOD 1   RM   Note 1:  Nisab is the current value of 85 grams of gold.
 ANNUAL GROSS INCOME   48,000.00   Note 2:  Relief for children under care.
 (Due to exceeding the nisab  Noce, ) x 2.5%
 ZAKAT REQUIRED TO BE PAID   1,200.00




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