Business Zakat

Description

Zakat on business wealth that meets nisab and haul.

Guidance

Current assets – current liabilities +/- adjustments = business wealth subject to zakat. Alternative: owner equity + long-term liabilities − fixed assets − non-current assets +/- adjustments.

Exclude interest, gambling, deposits, bad debts and obsolete stock from assets; exclude financing loans, dividends payable and overdrafts from liabilities.

A 2.5% rate applies when business wealth reaches the nisab and completes a haul. Enter the zakat amount already assessed to continue to payment.

Information needed when paying

• Full name
• Identity card number
• Email
• Phone number

Payer acknowledgement

I understand this result is an estimate, not an official LZS assessment.