Pay Zakat On Business

Pay Zakat On Business

Pay Your Zakat For Business Using Your Company or Personal Account

Maximum Payment Is RM1 Million For Business Accounts and RM30,000 For Personal Accounts For Each Transaction

Pay Zakat For Business Using Your Company or Personal Account

Maximum Payment Is
RM1 Million For Business Accounts and RM30,000 For
Personal Accounts For Each Transaction

Pay Zakat On Business

Here is the amount of RM……. as I pay Zakat on Business which is obligatory on myself /the party I represent for the year ………… in the name of Allah SWT

Zakat on Business

Jumlah Minima: RM10

RM

Jumlah Minima:RM10

Jumlah Maksima:RM30,000

Category:

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Zakat On Business Selangor

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100% LHDN Tax Rebate

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Zakat on Business
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Pay Zakat on Business Easily

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Zakat On Income
100% Tax Rebate
Zakat Fitrah
100% Tax Rebate
Zakat On EPF
100% Tax Rebate
Zakat On Gold
100% Tax Rebate
Zakat On Investments
100% Tax Rebate
Zakat On Livestock
2.5% Tax Rebate
Zakat On Business
2.5% Tax Rebate
Zakat On ASB
100% Tax Rebate
Zakat On Gold Jewelry
100% Tax Rebate
Zakat On Stocks
100% Tax Rebate
Zakat On Crops
2.5% Tax Rebate
Qadha of Zakat
100% Tax Rebate
Zakat On Savings
100% Tax Rebate
Zakat On Assets
100% Tax Rebate
Zakat On Gratuity
100% Tax Rebate
Zakat On Takaful
100% Tax Rebate
Zakat On Paddy
2.5% Tax Rebate
Qadha Zakat Fitrah
100% Tax Rebate

Select Type of Zakat

Zakat On Income
100% Tax Rebate
Zakat On Business
2.5% Tax Rebate
Zakat On EPF
Zakat On Savings
Zakat On Gold
Zakat On ASB
Qada' Zakat Fitrah
Zakat On Assets
Zakat On Investment
Zakat On Stocks
Zakat On Takaful
Zakat On Livestock
Zakat On Paddy
Zakat On Plantation
Zakat Gold Jewelry

Benefits of
Paying
Zakat on Business

100% Individual
Tax Rebate

Zakat payers will receive 100% tax rebates from the Inland Revenue Board of Malaysia (LHDN)

2.5% Business
Tax Rebate

Company will receive a 2.5% tax rebate from the Inland Revenue Board (LHDN).

Directly To Selangor
Zakat Board

Your zakat payment will go directly to the bank account of the Selangor Zakat Board, without passing through any other entity's account

Zakat Distributed
To Asnaf

The collection of Zakat proceeds is directly channeled to the Asnaf groups in Selangor through the Selangor Zakat Board

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Zakat on Business

Zakat is a form of almsgiving in Islam that is mandatory for all Muslims who are financially able to do so. In a business context, zakat on business is typically calculated as a percentage of a company’s net profits, and is used to support the poor and the needy in the community. It is considered an act of worship and a way for Muslims to fulfill their social and moral responsibilities to others. Many Muslim-owned businesses include zakat as part of their financial planning and consider it an important part of their overall corporate social responsibility efforts.

Assets That Are Considered For Zakat

In calculating zakat for business, the assets that are considered for zakat are typically the same as those that are considered for personal zakat, which includes the following: 

 

  1. Cash and other financial instruments: This includes cash on hand, bank deposits, stocks, bond, and other financial assets that are owned for a year or more.
  2. Trade goods: This includes goods that are bought and sold for profit, such as inventory, raw materials, and finished products.
  3. Agricultural produce: This includes crops, livestock, and other agricultural products that are produced for sale.
  4. Precious metals and gems: This includes gold, silver, and other precious metals, as well as precious and semi-precious stones such as diamonds and other gems. 

 

It’s important to note that zakat on business is only applicable to these assets if they meet a certain threshold amount in total, called the “nisab.” The assets must also have been owned by the business for a full lunar year, known as a full “haul.” The haul indicates how often should zakat be paid, which is only once a year once a haul is completed. 

Business Liabilities

In calculating zakat for business, the assets that are considered for zakat are typically the same as those that are considered for personal zakat, which includes the following: 

 

  1. Cash and other financial instruments: This includes cash on hand, bank deposits, stocks, bond, and other financial assets that are owned for a year or more.
  2. Trade goods: This includes goods that are bought and sold for profit, such as inventory, raw materials, and finished products.
  3. Agricultural produce: This includes crops, livestock, and other agricultural products that are produced for sale.
  4. Precious metals and gems: This includes gold, silver, and other precious metals, as well as precious and semi-precious stones such as diamonds and other gems. 

 

It’s important to note that zakat on business is only applicable to these assets if they meet a certain threshold amount in total, called the “nisab.” The assets must also have been owned by the business for a full lunar year, known as a full “haul.” The haul indicates how often should zakat be paid, which is only once a year once a haul is completed. 

Zakat On Business Calculations

The amount of due zakat for business assets is similar to personal or individual zakat, which is at 2.5% on assets that are eligible for zakat on business calculation. This is based on the hadith which states that Ali narrated that the Messenger of Allah (SAW) said: 

“When you possess two hundred Dirhams at the end of the year (if you still have all of them), five Dirhams are levied on them as Zakat. There is nothing upon you (to be paid) in gold, until it reaches (the value of) twenty Dinars. When you possess twenty Dinars, at the end of the year, then there is half a Dinar levied on it (as Zakat). Any additional amount will be calculated in the same manner. No Zakat is to be paid on monetary holdings, until they have been owned for one year.” [Abu Dawud]  

To calculate zakat on business, the following steps can be followed:

  1. Determine the net value of the business’s assets that may include cash on hand, accounts receivable, inventory, investments, and other assets. The value of any debt or liabilities should be subtracted from the total  value of the assets to determine the net value.
  2. Determine the zakat threshold or “nisab” in your state where your are paying zakat on business in Malaysia. Generally, the nisab is pegged to the value of 85 grams of gold. In 2022, the value has been determined at RM21,432. 
  3. Calculate zakat on business due: If the value of your assets is at least the above amount, then you will need to pay the rate of 2.5% x RM21,432. Thus, to pay zakat on business, the amount is RM535.80. 

It’s always a good idea to consult with a qualified financial advisor or Islamic scholar if you have any questions about your zakat obligations. If you’d like to gauge how much zakat on business income you have to pay, do use the calculator here.

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Tunaikan Zakat
Dengan Mudah

Kelebihan Membayar Zakat

Ellipse 1

Rebat Cukai
Individu 100%

Pembayar zakat akan mendapat rebat cukai dari Lembaga Hasil Dalam Negeri (LHDN)

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Rebat Cukai
Perniagaan 2.5%

Pembayar zakat akan mendapat 2.5% rebat cukai dari Lembaga Hasil Dalam Negeri (LHDN)

Ellipse 2

Terus ke
Lembaga Zakat Selangor

Hasil kutipan zakat disalurkan terus ke golongan Asnaf, mulalui Lembaga Zakat Selangor

Ellipse 3

Agihan Terus
Ke Asnaf-Asnaf Di Selangor

Hasil kutipan zakat disalurkan terus ke golongan Asnaf, mulalui Lembaga Zakat Selangor

Khidmat Taksiran Zakat

Bayar Zakat
Hidup Berkat

Terdapat beberapa dalil yang merujuk kepada kewajipan berzakat. Allah SWT berfirman (maksudnya):

“Dan dirikanlah kamu akan sembahyang serta keluarkanlah zakat
dan taatlah kepada Rasul supaya kamu beroleh rahmat”
[Surah An-Nur (ayat 56)]

Pilih Jenis Zakat