Detailed Zakat Information

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What kinds of things require paying Zakat on them?

  • Gold and Silver
  • Cash
  • Stocks
  • Mutual Funds
  • Stock Options
  • Business Merchandise Inventory
  • Private Companies, Corporations and Partnerships
  • Retirement Plans (401K, IRA, etc.)
  • Real Estate Investments in Property Owning Companies
  • Accounts Receivable
  • Profits from Investments
  • Trusts
  • Long-Term Insurance (Life Insurance)
  • Lump Sum Payments in Terms of Compulsory Pension and Provident Funds
  • Severance Package
  • Income Tax
  • Liabilities which may be deducted
  • Buried Precious Metals or Minerals (Rikaz)
  • Livestock, Animals, Cows, Sheep, Camels
  • Agricultural Produce

To read more about detailed information on Zakat, click here…

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