DEFINATIONS
 
EVIDENCE
Saiyidina Ali has told by 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 if you have 2 Diner. It is also the same if the value exceeds and not compulsory for all processions expect 1 year  ")

Hadis Riwayat Abu Daud
CALCUTIONS METHODS
Contribution of workers and employer's to KWSP ( People Provident Fund , Soldiers Provident Fund ( LTAT ) are also required to pay zakat as the  concept is similar to savings but the different is the savings of KWSP and LTAT could not be withdraws anytime as they like and it is subject  the rules.
 
 
Fixed deposit as many as RM 100,000 have been kept during a year without issued (assumed zakat calculation at that time RM 3,323.50)

Zakat compulsory to be taken out is :
RM100,000 x 2.5% = RM2,500
  • Fixed Deposit
  • Ordinary Savings
Date
Debit
Credit
Balance

05.11.2006
       
08.02.2006
       
03.03.2006
       
07.06.2006
       
09.11.2006
       
07.03.2007
       
12.03.2007

11,000
       


5,000
       
INT.115
       


1,000
       
3,000
 




2,000
       
3,000
       
2,000

11,000
       
16,000
       
14,000
       
11,115
       
9,115
       
10,115
       
13,115
( Period is 5 JANUARI 2006 until 7 FEBRUARI 2007) (Assumed zakat calculation  at that time RM 3,323.50)

THEN AMOUNT OF ZAKAT IS: (LOWEST BALANCE MINUS WITH BANK INTEREST) x 2.5% )
(RM 9,115 – RM 115) x 2.5% = RM 225.00
Example of Transactions In The Saving Account
 
All Right Reserve To Pusat Zakat Melaka - 2008©