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This article is a part ofRamadan 2018
Paying Zakat is an important responsibility; an act ordained by Allah (SWT). It is the task of giving away a portion of one’s wealth to purify one’s soul and all belongings with it. Zakat is required of all those Muslims who meet or exceed the Nisaab value of 87.48 grams of gold or 612.36 grams of silver.However, there are also Zakat exemptions to the eligibility criteria. People who fall under it are not required to pay Zakat. There are also exemptions on what classifies as a Zakatable item. These exemptions are mentioned below:
For the most part, all items acquired with the intention of keeping them rather than selling them are exempt from Zakat. This also includes precious stones and metals with the exemption of gold and silver. If you have any gold or silver jewellery, its worth has to be taken into account when calculating the Zakat amount. Material objects such as furniture, cars and accessories are exempt from Zakat calculations.
If you wish to calculate your Zakat, be sure to try Muslim Aid’s Zakat Calculator. It’s fast and easy to use and most importantly, it can provide you with an accurate Zakat amount.