Page 6 - Obligatory Zakat Made Easy

Some of Properties Subject
to Zakat

1. Income
2. Savings

3. Shares
4. Gold
5. Silver
6. EPF/Armed Forces Fund
7. Business

Zakat is not imposed on fixed assets such as buildings,
houses and land except when they are traded or
generating revenue through various instruments.

Zakat Rate
2.5% on properties that met the requirements for zakat.

Collection and Distribution

“Alms are for the poor and the needy, and those employed
to administer the (funds); for those whose hearts have been
(recently) reconciled (to Truth); for those in bondage and in
debt; in the cause of Allah; and for the wayfarer: (thus is it)
ordained by Allah and Allah is full of knowledge and
wisdom.”
At-Taubah: Verse 60

In the Federal Territory, zakat must be paid to the Zakat
Collection Centre-MAIWP (Pusat Pungutan Zakat-MAIWP),
while the Federal Baitulmal MAIWP carries out zakat
distribution programmes for those eligible for zakat (asnaf).

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