Assets are anything you own that has financial value. This includes money, valuables, investments, and business assets. If a section does not apply to you, you can leave it blank.
Cash and Bank Balance
This includes any money you hold in your bank accounts or as cash at home.
Jewellery
The majority of scholars agree that Zakat is due on all gold and silver jewellery, whether it is worn regularly or kept in storage.
Property
Any property you own other than your primary residence should be included for Zakat purposes.
If you buy and sell properties as part of a business, Zakat is due on the current market value of those properties.
If you rent out properties, Zakat is only due on the savings made from the rental income, not the property value itself.
Pensions
Zakat is due on the portion of your pension that you personally contributed during the last year. Contributions made by your employer are not Zakatable.
Shares and Investments
If you hold shares as a long term investment, Zakat is due on any dividends you receive.
If you actively buy and sell shares, Zakat is due on their current market value.
Business Assets
Include the total value of business related assets such as
Cash held in tills and bank accounts
Stock for sale at its current selling price
Raw materials valued at cost
Money Owed to You
If someone owes you money and you are confident it will be repaid, include it here.
If there is uncertainty about repayment, do not include it until the money is received. Once received, Zakat should be paid for the current year and for previous years it remained unpaid.
