Page 26 - Obligatory Zakat Made Easy
P. 26
IPT
50%
from employees’
zakat salary deduction
per year
Example of Wakalah Calculation
Zakat Paid : RM100,000.00
Refund rate : 37.5%
Zakat to be distributed : RM100,000.00 x 37.5%
RM37,500.00
THE DUE DATE TO APPLY FOR THE
REFUND OF THE ZAKAT PAYMENT
MADE IN THE CURRENT YEAR IS
TH
30 OF JANUARY OF THE NEXT YEAR.
Note:
Individuals/Companies/Employers/IPTs must prepare
the Zakat Money Distribution Report and submit it to
MAIWP and PPZ-MAIWP within a year of receiving the
Wakalah Letter. The sample of the report can be
obtained from PPZ-MAIWP.
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