We will provide Zakat calculator excel free download in the last of this post but before downloading these files you must learn some basic things about zakat.
What is the virtue and importance of Zakat? Very important information about Zakat
Zakat is a basic tenet of Islam. The Holy Qur'an promises severe punishment for those who don't pay Zakat. The Holy Prophet (saw) said: "Islam is based on five things: to bear witness that there is no god but Allah and that Muhammad (pbuh) is His Messenger, establishing prayers, paying Zakat, performing Hajj and fasting Ramadan." (Bukhari Sharif, Kitab-ul-Iman, Chapter Dua-e-Kam-e-Imankam Hadith No. 8, Volume 1, Page 14).
The importance of Zakat can be noticed from the fact that prayers and Zakat are mentioned 32 times in the Qur'an al-Hakim. In addition, the lucky one who pays Zakat embraces worldly and other worldly happiness. The obligation of Zakat is proved by the Qur'an and Hadith.
Zakat after prayers is a status. The Holy Qur'an mentions prayer after faith and Zakat along with it. The literal meaning of Zakat is to be pure, to grow and to develop. This is financial worship. It is not only the most suitable act of providing for the needy and distributing wealth, but it is also a form of worship which cleanses the dirt of the heart and soul. Makes man a sincere servant of Allah. Also, Zakat is the best means of acknowledging and giving thanks for the innumerable blessings bestowed by Allah.
Rate of Zakat:
The rate of Zakat in terms of price or weight is 2 and a half percent. (Sahih Bukhari Book of Zakat).
Very important information about Zakat for every class like common people, traders, landowners and animal keepers.
Zakat after prayers is a status. The Holy Qur'an mentions prayer after faith and Zakat along with it. The literal meaning of Zakat is to be pure, to grow and to develop. This is financial worship. It is not only the most suitable act of providing for the needy and distributing wealth, but it is also a form of worship which cleanses the dirt of the heart and soul. Makes man a sincere servant of Allah. Also, Zakat is the best means of acknowledging and giving thanks for the innumerable blessings bestowed by Allah.
zakat calculation table
How is Zakat paid?
Zakat is obligatory on four things including: Gold and silver, Land production, Trade goods, and Animals. Most Muslims pay Zakat during Ramadan. The zakat calculator excel file is provided below for each for each these. You can change the values according to the current prices.
Zakat on gold:
Zakat is obligatory on 87 grams i.e. seven and a half tola of gold. How much zakat is obligatory on seven and a half tolas of gold? So whoever has seven and a half tolas of gold, he will have to pay zakat on it after the year has passed. In this case, there are two ways to pay zakat: 1- The simplest way is to find out the value of this gold in the market on the day of the year and pay two and a half percent as Zakat. 2- The 40th part (two and a half percent of the weight) of this gold should be weighed by the goldsmith and this gold should be paid in zakat. There is also the option of by paying zakat in cash, or by giving away valuable things of the same value. And if the money is not available at the moment, then you should note the amount of the money as for that time, then as soon as possible you should pay this amount in zakat little by little.
Zakat in case of possession of less than seven and a half tola of gold. If a person has less than seven and a half tons of gold in his possession and in addition there has neither silver nor cash in excess of the amount required for basic expenses, nor does you have any merchandise, then Zakat is not obligatory on you. ۔ However, if you have six or seven tolas of gold along with some silver or some cash or merchandise in addition to the amount required for basic expenses, then the price of gold should be combined with the value of silver or cash or merchandise. The value will reach the nisab of silver (fitty two and a half tola of silver) so zakat will become obligatory.
Zakat on silver:
Zakat is obligatory on 612 grams, that is, 52 and a half tola of silver, and not less than that. (Ibn Majah).
If there is some gold, and some silver, or there is some gold, and some cash, or there is some silver, and some merchandise. If we look at them together, it becomes worth 52 and a half tola of silver. In that case, Zakat is obligatory.
Zakat on the production of land:
Zakat is also obligatory on the production of land. One-twentieth of the production of the land irrigated by artificial means must be paid. Otherwise, the rate of Zakat on the production irrigated by natural means is one tenth. Note: People with agricultural land should give Zakat (twentieth) from each crop of wheat, maize, rice, millet, potato, sunflower, cotton, sugarcane and other types of produce. (Sahih Bukhari Book of Zakat).
Zakat on Animals
Zakat on camels: Zakat of five camels is one goat and Zakat of ten camels is two goats. Zakat is not obligatory on camels less than five camels.
Zakat on buffaloes and cows: One goat for 30 cows is the nisab of Zakat. on 40 cows Pay Zakat of 1 calf older than two years. The rate of Zakat on buffaloes is similar to that of cows.
Zakat on sheep and goats: The nisab of Zakat on 40 to 120 sheep and goats is 1 goat, while two goats for 120 to 200 (Sahih Bukhari Book of Zakat). There is no zakat on goats less than 40.
Zakat on Property:
Zakat on rented house: There is no Zakat on the rented house but if the rent continues to accumulate throughout the year which reaches the nisab and the year passes on it then Zakat is obligatory on that rent. If the rent is spent before the end of the year then Zakat should not be given. Zakat will be two and a half percent.
Zakat on vehicles: It is not Zakat on rented vehicles but it is on the condition that the rent is collected throughout the year and reaches the nisab.
Note: No zakat on domestic vehicles, animals, protective weapons, houses, etc. (Sahih Bukhari)
Zakat on trading goods: It is obligatory to pay Zakat on the goods of any kind of shop, provided that the goods reach the standard and one year passes on it.
Note: After calculating all the goods of the shop, pay Zakat of 40th part of it, i.e, Zakat on the income of the shop which is being spent at the same time should not be given, Zakat should be paid only on the income which remains in the bank etc.
Zakat on plot or land: Zakat will be imposed on plots purchased for profit, there is no Zakat on plots purchased for personal use.
Who is eligible for zakat or Recipients of zakat ?
Zakat can be given to all deserving Muslims except parents and children. Real money should be spend on Parents and children should spend and not Zakat. Parents include grandparents, grandparents and children include grandchildren and great-grandchildren.
People deserving Zakat.: 1. Needy 2. Poor 3. Zakat recipients 4. Debtor 5. Prisoner 6. Mujahideen 7. The Travelers (Surat at-Tawbah 60).
First of all read the above explained rules of zakat and after that you can use Zakat calculator excel free download for help, which can be downloaded form below links.
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