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Zakat Information
ZAKAT HARTA

Zakat on wealth comprises several sub-categories, namely zakat on savings, zakat on gold, zakat on business, zakat on CPF savings and zakat on shares.
Zakat on Shares

Shares in this context mean money invested in business. Zakat is payable only on shares bought with one's own money. Shares bought with borrowed money (i.e. with a loan) should be discounted from the total number of shares before the quantum of zakat payable is calculated.
Quantum Of Zakat Payable

2.5% of the market value of the shares upon completion of haul and nisab.

Computation Guide:

Eg. Beginning of haul = 20 June (this year) Completion of haul = 10 June (next year)
Company Total Shares Market value
(10 June) (1995) 		Value of Shares
AA 1000 $0.53 $530
BB 3000 $1.27 $3810
CC 2000 $3.62 $7240
Total Value of Shares $11580

Total value of shares
=$(530 + 3810 + 7240)
=$11580

This amount exceeds the nisab.
Amount of Zakat Payable
= $11580 x 2.5%
=$289.50