Step 1 Your Zakatable Assets Cash All cash you own is subject to Zakat, whether in your bank accounts, in another currency or stored with another person. My total cash amount is
$
Gold & Silver Gold and silver that you own in any form is subject to Zakat according to its weight value. This includes any jewelry, coins, ornaments, etc. made of gold or silver. Gold and silver can be valued by its weight and resale value by a jeweler or you can multiply the number of grams (of gold or silver) that you own by the current market value. There is a difference of scholarly opinion regarding jewelry. The Hanafi school of thought maintains that Zakat should be paid on gold and silver jewelry regardless of whether it is used or not. The other schools of thought maintain that Zakat is not payable on jewelry that is kept for personal use. If it kept with the intention of selling it later on, or as a good investment, then Zakat is due on it every year. For personal use items made from a mixture of metals, these are only subject to Zakat if half or more of the metal is gold or silver, although some scholars hold that the proportion of gold or silver in any owned asset is subject to Zakat. Precious gems and other metals are not subject to Zakat.
Total grams of gold I own is
g
valued at a total of
$
Total grams of silver I own is
g
valued at a total of
$
SECTION 2 | HOW TO CALCUL ATE YOUR ZAK AT
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