Dear Brothers & Sisters, Alhamdulillah, the month of Ramadan has been bestowed upon us by Allah. ZAKAT is one of the five fundamental pillars of Islam, mandatory on all Muslims who are of eligible wealth. Zakat is due from and payable by a person on his wealth (and not his income), which has remained with him/her for one Islamic year. It is difficult to calculate the completion of one year on each item of wealth, because purchase dates may vary. To overcome this difficulty, a practical method is to fix a date (e.g. 1st of Ramadan), compute your total wealth on that date and calculate Zakat, thereon. The attached spreadsheet is a humble attempt at making the calculation process simple and consolidated, for all brothers and sisters who are fortunate to be worthy of paying Zakat. If there are any errors, it’s purely due to my incomprehension. Please remember me in your supplications and may Allah give us all the rewards of both worlds. Aameen. Your Brother in Islam,
Posted on: Thu, 18 Jul 2013 07:55:34 +0000