Page 11 - Obligatory Zakat Made Easy

Method 2 – Growing Capital
[Owner’s equity + Long-term liability - Fixed asset -
Semi-fixed asset] x % of Muslim ownership x 2.5%

Note
Real accounting examples cannot be presented because they are
complicated. Calculation is based on the following principles:-

• Fund structure
• No classification of current assets and current liabilities
• Determination of share ownership
Suitable for Islamic financial and banking institutions,
takaful and public limited companies which do not classify
current assets and current liabilities.

No Specific Account

Calculation Example
Nett profit (C) x 2.5%

A Annual revenue / sales / earnings RM6,000.00 x 12 Month
RM72,000.00
B Less: Annual expenses / cost (RM10,000.00)
C Annual net profit (A-B) (Note 4) RM62,000.00
D Multiply: Rate of zakat 2.5%
E Annual zakat (C x D) RM1,550.00
Note 4: Amount has reached nisab.

Suitable for small businesses such as night bazaar, farmers’
markets, restaurants and the like.

Click
Click
Click Click
To Calculate
To Pay
To Calculate To Pay
9