zakat mal Slideshare

INTRODUCTION

Zakat is the fourth pillar of Islam.

Zakat is divided into two parts, the tithe and alms property .

The obligation to pay zakat on wealth has been received by the Prophet

Muhammad ( peace be upon him ) in the 9 th AH.

In the reign of Caliph Abu Bakr As- Siddiq , Abu Bakr stressed on

interest payments due, and he is recorded as saying : " If they resist

giving zakat even curb some camel or goat small baby ( ie as in them ) I

will fight them for it . Zakat is a duty on the property . By God , I 'll

fight anybody discriminate between prayer and charity " .

DEFINITION OF ZAKAT MAL

The word zakat means “purity, development,blessing, and praise but in

practice it refers to aims money or food that is given to the poor

Zakat al-Mal can be defined as the obligation upon every Muslim man

and women having certain amount of wealth kept for a (lunar) year, to

pay a certain amount to deserving people.

HUKM OF ZAKAT MAL

It means: " And those who hoard up gold and silver and spend it not in the way of

Allah , then Tell them ( that they will get ) a painful punishment . On the day of

heated gold and silver in Hell , then the forehead , stomach and back they were

burned with him, (and said) to them : "This is your treasure that you hoarded for

yourselves , so taste now ( due to ) what you save it " . ( QS . at- Tawbah / 9 : 34-

35 )

The above verse describes the punishment given to those who keep the property

but do not want to spend it in the way of Allah ( zakat ) . Thus, this verse also

shows that zakat or charity mall is obligatory .

EVIDENCEDALIL FROM AL-QURAN:

It means: " And those who hoard up gold and silver and spend it not in the way of Allah , then Tell them ( that they will get ) a painful punishment . On the day of heated gold and silver in Hell , then the forehead , stomach and back they were burned with him, (and said) to them : "This is your treasure that you hoarded for yourselves , so taste now ( due to ) what you save it " . ( QS . at- Tawbah / 9 : 34-35 )

HADIS

From Jabir bin Abdillah R.A. he said Messenger s.a.w. said: " Everyone

who has wealth and does not pay zakat later on the Day of Resurrection his

wealth to become a big snake , venomous Snake earlier by the owner of the

property where he went while they fled from it . Then say to him : This is

the treasure which you are very stingy ( zakat ) Once a person knows that

he can not escape himself then put his hand into the mouth of the serpent.

Bitten him like a male camel bite . " Sahih Muslim history

GENERAL CONDITIONS ZAKAT PAYER

Any individual who wants to pay zakat must take into account the

mandatory requirement of zakat that should be understood and complied

with before making the assessment.

Islam

Zakat obligatory on Muslim property owners only. Unbelievers do not fulfill

their obligatory alms, zakat even if they are invalid because zakat is satisfied

the characteristics of worship.

Independent

Conditions still remain as one of the mandatory conditions.

Perfect Held

Held perfect means "Ownership of the property was legally someone along

the haul and have the power independently ( ( إختيار to manage ( ( حق التصرف

and benefit from the property without restriction / control laws and

regulations.“

Property Description Good As Zakat Resources

The jurists' includes all income and payroll as "Mal Mustafad" the new

acquisition are included in the assessment of property that is subject to

zakat.

Just Haul

Haul is a period of one year (12 months) Qomariah permanent

ownership of property by a person other than the obligatory

Zakat grains, fruits, minerals and treasures. Conditions set by the

hadith haul.

Simply Nisab

Nisab is the minimum level of ownership of a property which

requires zakat on the property

Property Held By Completely.

Ownership is acquired monopoly rights over the property in a

way that permitted by law. Full ownership of the means of

ownership over the two elements of the property, now the

"body" and "benefit". In other words, in the hands of the

property owner may be, are not subject to the rights of others.

This means Zakat is not required on public property, such as

government property because it belongs to everyone and no one

has the right to deal with them on a personal name. Similarly

zakat is imposed on waqf am

TYPES OF ZAKAH MAL

Zakat of Income

Zakat of Golden and Silver

Zakat of Livestock

Zakat of crops

Zakat of business

Zakat of shares

Zakat of KWSP

Zakat rikaz

ZAKAT OF INCOME

Definition

Additional payment received by an individual from their employer or individuals itself in the form of physical energy or professional employment or physical for specific day , month, yearly also been required to pay zakat.

Employment income includes: -

1) The annual salary

2) Unpaid wages

3) Other allowances

4) Other remuneration such as bonuses

EVIDENCE

Prophet s.a.w said which means:

“no one who worked to get rich through illegal way ad he spent it

with expectation getting a blessing from him and not charity it, it in

the hope that will be accepted nor will it leave it as an

inheritance(after he died )unless it is a supply to hell”

(hadis riwayat Abu Daud)

First Method

Using gross income (without deduction) 2.5% on gross income per year.

Example :

Total gross income per year : RM 35,000.00

Amount of zakat (2.5%) : RM 875.00

Monthly Payment : RM 875.00 /12 = RM 72.92

Second Method

Using the net income (Income year less allowable expenses per year) x 2.5%

Expenses allowed deduction (per year): -:-

Self : RM 8,000.00

Wife : RM 5,000.00

Children : RM 1,000.00

KWSP : 11% from gross income workers

Parents Contribution : RM (amount given) per month x 12 months

Contributions to organizations that pay the zakat (for example: Lembaga Tabung Haji, Takaful)

ZAKAT OF GOLDEN AND SILVER

Definition

Gold and silver is a mineral that is required to charity. this is

because these metal are very useful on its use as an exchange

value of things . As for other jeweler of gold and silver which is

diamond ,pearl , silk ,copper are not obligatory zakat on it.

Nisab zakat gold use=180gram

Gold zakat nisab unused=85gram

EVIDENCE

“Dear persons that faithful, indeed many between priest members and religious expert (jews and Christians )eat public property in a wrong way , and they prevent human from Allah road (religion islam).so announce to them the punishment of a paintful doom. That is on day burned gold and silver and property in hell pass disagreed with him in their forehead , and their flank , and their back while being alleged to them. This is what you hoarded for yourselves , so taste the torment of what you store it”

Surah at taubah:34-35

ZAKAT OF LIVESTOCK

Definition

Livestock zakat is property that compulsory to be taken out when perfect the

conditions . Domestic animals that obliged to pay zakat is among them such

as goat , sheep buffalo, cattle and camel.

EVIDENCE

“from muaz ibnu jabal had said ,rasulullah s.a.w, was sending me to Yaman

and ask me to collect zakat from each of 30 cows, 1 lam mussinah (1

female catte aged up to 3 years ) and every 30 cows ,tabi’ or tabiah (1 male

or female age up to 2 years)”

(Riwayat Ibnu Majah)

COWS/BUFFALOES

Quantitie

sZakat Amount / Sex

30-39 tail1 tail, age 1 year /

male


female


male

70-79 tail

1 tail, age 1 year /

male

and 1 tail, age 2

year / male


female


male

100-109

tai


female

and 2 tail, age 1

year / male


GOATS

Quantities Zakat Amount / Sex

40-120 tail1 tail, age 2 year / male

or female


or female


or female

Subsequent

additions :

Every of

100 tail plus

plus 1 tail, age 2 year /

male or female

SHEEP

Quantities Zakat Amount / Sex

40-120 tail1 tail, age 1 year/ male @

female

121-200 tail2 tail , age 1 year / male

@ female

201-399 tail3 tail, age 1 year/ male @

female

Subsequent

additions : increased by 1 tail,age 1

Zakat of crops

Definition

Basic food which has reached the stage of satisfaction for the state which

has 365 gantang /1300kg like paddy , wheat , cerals and so on

EVIDENCE

" And He (Allah) Who makes (for you) that spread from gardens and the plants

do not spread, and date palms (palms) and the different crops (shape,

appearance, and taste), and the olive and pomegranate, the same (colour or

leaf) and not (in variety). Eat of their fruit, and remove the right (Zakat) on

harvest day and do not be excessive (on anything that you eat or spend) for

Allah loves not those who were extreme ...“

(Surah Al-An'am : Ayat 141)

METHOD OF

CALCUTIONS

First Method

Cereals and fruits which used by people energy, animals and machines will used a lot of expenditure and so that the zakat is 5 % or 1/20

Second Method

Cereals and fruits depends on rain water, so zakat is 10 % or 1/10

Third Method

Cereals and fruits depends both as above method, so zakat is 7.5 %

ZAKAT OF BUSINESS

DEFINITION

zakat been given out by Sole appropriate, partnership , Cooperative Society , Societies

and organization which had reached one year and the time limit.

Fixed asset , current asset , intangible asset , long term liability , Capital and

shareholder’s fund

EVIDENCE

“ Men who are not to absorbed with their trading and selling but

remember Allah and pray also remember to pay zakat. They are

afraid that there are days where their vision can be shaken or

turn upside down”

(surah An Nur : 37)

Prophet S.A.W said ,

“ whereas Prophet urged us to pay zakat on products that we

offer for sale”

(hadis riwayat Abu Daud )

CONDITIONS TO FULFILL

MUSLIM

A FREEDOM PERSON

THE WEALTH MUST BE FROM HALAL SOURCES

MEET THE NISAB AT THE END OF HAUL

MEET THE HAUL

MUST BE FROM PRODUCTIVE PROPERTY

FULL OWNERSHIP

THE BUSINESS PROPERTY IS NOT WITHDRAWN FOR

PERSONAL USE

METHOD OF CALCULATION

ZAKAT OF SHARES

zakat which is given out for investment which has reach its time

limit and minimum value

Shares owned at the end of haul period

Shares traded during the haul period

Difficulties to determine the market value

Zakat is calculated based on dividend received

The shares that invested in the company is usually paid in cash


purchase price = RM1.00 ( per unit )

market price = RM2.00 ( per unit )

the number of shares held 200 lots ( 1 lot = 1000 units)

the number of units owned = RM 1.00 x 200,000

= 200,000 x 2.5 %

zakat charged =RM5000

EVIDENCE

“ o you who believe ! Spend )benevolently) of the good things that

you earn and or what we have brought forth for you out of the earth,

and do not aim at what is bad that you may spend (in alms ) of it,

while you would not take it yourselves unless you have its price

lowered, and know that Allah self-sufficient, praiseworthy”

(Surah Al-Baqarah : verse 72)

ZAKAT OF RIKAZ

Minerals - mining of gold and silver buried in the bowels of the

earth.

Graving - extractive wealth is found embedded in the ground the

luggage ignorance (before Islam)

Nisab Mines And time out

Nisab such as gold and silver, which is 85 grams of gold and 595 of

silver. Not even required haul must be issued immediately after

obtained and cleaned without processing. Shall produce 2.5% of the

total amount sufficient condition.

Zakat is a compulsory requirement extractive

Terms of zakat rikaz is Muslim, independent and perfectly

possession. Nisab nisab not the same as gold and silver and do not

haul even required must be issued immediately after obtained at 1/5

or 20% of all earned.

ZAKAT OF KWSP

contribution of workers and employer’s to KWSP PeopleProvident Fund, Soldiers Provident Fund (LTAT) are alsorequired to pay zakat as the concept is similar to saving but thedifferent is the savings of KWSP and LTAT could not bewithdraws anytime as they like and it is subject the rules

It is calculated based on the lowest balance in the savingaccounts

In case of more than one saving account, the total amount of the lowest balance need to be accounted

Zakat is payable only if the balance is more than RM6200

Saving accounts in Tabung Haji


Nisab 2012 : RM 13000.00

Mr. Ali aged 35 to withdraw EPF withdrawal scheme of

rm20000 of education

the zakat imposed

RM20000 x 2.5% = Rm500

EVIDENCE

Sayyidina Ali has told prophet Muhammad S.A.W :

meaning :

“ if you have enough )200 dirham and reached 1 year ). It is

compulsory to pay zakat 5 dirham and not compulsory to give gold

zakat expect of you have 2 Dinar . It is also the same if the value

exceeds and not compulsory for all processions expect 1 year”

(Hadith Abu Daud)

CONCLUSION

Zakat al-mal is one of the key pillars of Islam. It is the only pillar

that deals with finance and plays a substantial role in balancing the

uneven distribution of wealth to some extent. The system of zakat

al-mal can therefore be regarded as the ideal system to regulate the

distribution of wealth as the percentage of 2.5% of zakat is lower

than the taxation rates of almost all the countries of the world.

Education

zakat mal Slideshare