Page 9 - Obligatory Zakat Made Easy

METHOD 2 RM
INCOME ELIGIBLE FOR ZAKAT x 2.5%
(After deducting basic allowable expenses)

Example:
A. INCOME FROM ALL SOURCES (Annually) 48,000.00

B. LESS ALLOWABLE EXPENSES (Annually)
i. Self 12,000.00
ii. Wife 5,000.00
iii. Child Note 2
a) Aged below 18 years: 1 child x RM2,000.00 2,000.00
b) Aged above 18 years (studying in tertiary 5,000.00
education institutions): 1 child x RM5,000.00
iv. Self-education 2,000.00
v. Allowance to parents (RM100.00 x 12 months) 1,200.00
vi. EPF (11%) 5,280.00
TOTAL DEDUCTION OF EXPENSES 32,480.00

C. INCOME ELIGIBLE FOR ZAKAT (A - B) 15,520.00

D. ZAKAT REQUIRED TO BE PAID 388.00
(C is more than nisab )
Note 1
RM15,520.00 x 2.5%
E. LESS ZAKAT ON ANNUAL 30.00
CONTRIBUTION OF THE ORGANISATION
WHICH PAID ZAKAT ON BEHALF OF THE
CONTRIBUTOR (Example: Pilgrims’ Fund)
RM1,200.00 x 2.5%
F. TOTAL ANNUAL ZAKAT 358.00
G. TOTAL MONTHLY ZAKAT DEDUCTION 29.90
(RM358.00 / 12 months)

Note 1: Nisab is the current value of 85 grams of gold.
Note 2: Relief for children under care.

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