Year End Zakat

One of the conditions for compulsory zakat is that the property has been owned or cultivated for a year by the muzakki or in Arabic, one haul has passed. In the past, the count of one haul refers to the Hijri year because Muslims are accustomed to calculating the Hijri year. Usually they will choose between Hijri months because it doesn’t have to be in the months of Muharram, Rabi’ul Awal, Rajab, Sya’ban or Ramadhan because zakat is obliged to be paid when the property has passed one year and reaches nishab. This means, if the start of Ramadan, it means that later he will pay his zakat in the month of Ramadan, if the month of Muharram means the month of Muharram.

However, in modern times people are more familiar with using the year AD, especially for companies whose financial year is from January 1 to December 31 because later it will be related to dividend distribution and taxes. Because our religion provides convenience, some scholars think it is okay if the calculations refer to the year AD. That is, when someone has owned assets for more than a year and follows the Christian year, he is zakat. Especially with regard to recording for a year, for example if a person has a trading business, usually the recording follows the year of Christ.

In short, year-end Zakat is zakat issued at the end of the Gregorian or Hijri year, this zakat includes assets in the form of Gold / Silver, Shares, Investments, Savings, assets from trading businesses, livestock trading businesses or you have a company that has been owned or has been running for 1 year (Haul 1 year)
The following is Zakat issued at the end of the year:

 

GOLD / SILVER ZAKAT

Ilustrasi Emas Batangan. FOTO/iStockphotoZakat on gold / silver bars or money or women’s goods or jewelry which is more than normal and has reached its haul and nishab.
No one has gold and silver which he does not give zakat, but on the Day of Resurrection his treasure is made into pieces of fire and ironed on his back and forehead … (Narrated by Muslim)
Nisab: Gold: 85 gr | Silver: 595 gr
Formula: 2.5% x the value of the gold / silver price exceeding the nishab level

 

SAVING ZAKAT

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Zakat issued by depositors (savings owners) on savings or deposits (savings) at financial institutions that have even reached a year and have sufficient nishab levels

The golden Zakat proposition is
“Take zakat from some of their assets, with that zakat you clean and purify them and pray for them. Indeed, your prayer (becomes) peace of mind for them. And Allah is All-Hearing, All-Knowing “QS At -taubah, verse 103
Nisab: 85 grams of gold
Formula: Ending balance – interest (if in conventional bank) x 2.5%


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TRADING ZAKAT

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Zakat issued on the results of trade / commerce whose purpose is to seek profit on condition that they have the intention to trade, achieve nishab and haul.

Trade Zakat Proposition

From Samurah Bin Jundub said: Rasulullah saw ordered us to pay zakat on everything we prepare for trading “(Narrated by Abu Dawud)
Trade Zakat Nisab: 85 grams of gold
Formula: The value of the price of goods that have not been sold / capital rotated + Profit + Current receivables – debt due x 2.5%
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INVESTMENT ZAKAT ASSET RENTAL

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zakat levied on investment returns on assets such as land, buildings, houses, production machines, transportation equipment, etc.

Dalil: Al-Qur’an verses that are general in nature which require all kinds of assets to be paid zakat, as in the QS. At-Taubah: 103, QS. Al-Baqarah: 267, and QS. Adz-Zaariyat: 19
Nishab: analogous to agricultural zakat, which is the equivalent of 520 kg of rice
Haul: no haul is removed when getting the result
Level: Contemporary scholars such as Abu Zahrah, Abdul Wahab Kholaf, Yusuf Qordhowi analogized it into agricultural zakat, which is issued when producing from the results, without including the element of capital at a rate of 5% for gross income and 10% for income.
Formula: profit from leasing assets – operating costs x 10%
Pay Your Zakat Through
BNI Syariah 155 555 5589 a.n Yayasan Rumah Zakat Indonesia
Mandiri 132000 481 974 5 a.n Yayasan Rumah Zakat Indonesia

Transfer confirmation via WA Center at 0815 7300 1555
Other account numbers click disini
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ZAKAT STOCK

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Zakat issued on the value of shares (with the terms of the sharia principles) owned which has been completed for a year and has sufficient nishab
Dalil: The verses of the Al-Qur’an are general in nature which require all kinds of assets to be paid zakat, as in the QS. At-Taubah: 103, QS. Al-Baqarah: 267, and QS. Adz-Zaariyat: 19
Zakat on shares was also noted at the International Congress I on zakat in Kuwait 1404/19 and has been introduced in Indonesia since 2017
Nisab: 85 grams of gold (analogous to trading zakat)
Formula: real cumulative value of shares (book value + dividend) x 2.5%
Pay Your Zakat Through
BNI Syariah 155 555 5589 a.n Yayasan Rumah Zakat Indonesia
Mandiri 132000 481 974 5 a.n Yayasan Rumah Zakat Indonesia

Transfer confirmation via WA Center at 0815 7300 1555
Other account numbers click disini
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TRADING ZAKAT ANIMAL LIVESTOCK

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zakat issued from livestock trade after reaching the nishab and haul.
Dalil: From Samurah Bin Jundub said: Rasulullah saw ordered us to issue zakat from everything we prepare for trading “(Narrated by Abu Dawud)
Nisab: 85 grams of gold
Formula: Profit + capital rotated / the value of the price of animals that have not been sold + accounts receivable – due x 2.5%
Pay Your Zakat Through
BNI Syariah 155 555 5589 a.n Yayasan Rumah Zakat Indonesia
Mandiri 132000 481 974 5 a.n Yayasan Rumah Zakat Indonesia

Transfer confirmation via WA Center at 0815 7300 1555
Other account numbers click disini
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COMPANY ZAKAT

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Zakat issued by companies that are managed not individually, but collectively in an institution and organization with modern management, for example: in the form of a PT, CV, or cooperative, with the condition that ownership is controlled by Muslims, both individually and jointly, the business sector is halal , Can be calculated value, can develop, and reach nishab.

Nisab: 85 grams of gold
Formula: Current assets – current liabilities x 2.5%
Let’s clean up property by paying zakat so that the end of the year will be even more blessed
Pay Your Zakat Through
BNI Syariah 155 555 5589 a.n Yayasan Rumah Zakat Indonesia
Mandiri 132000 481 974 5 a.n Yayasan Rumah Zakat Indonesia

Transfer confirmation via WA Center at 0815 7300 1555
Other account numbers click disini