Guides to business zakat
Short, practical explanations, with the rules they rely on.
How to calculate zakat on a business
From zakat date to zakat due in five steps, with a bakery’s balance sheet as the example.
Zakat on stock: cost price or selling price?
Why your balance sheet undervalues stock for zakat, and two ways to get the right figure.
Which business debts can you deduct from zakat?
Debts due within a year are deducted; interest isn’t, and provisions only once they’re paid. The big difference is loans for equipment.
Zakat for sole traders, partnerships and limited companies
Zakat is a duty on people, not companies. Who pays depends on how the business is owned.
Lunar or solar year: 2.5% or 2.577%?
Pay on a Hijri date at 2.5%, or on your financial year end at 2.577%.