Cash:
This is the total amount of cash in your bank accounts, at home, and in your wallets.
Receivables:
This is the total amount of deposits you expect to receive back at some point in the future, such as rental deposit. Although this amount is not in your possession at the moment, it is part of your wealth and Zakat on it is due.
Loans Given:
This is any amount of money you have loaned to others and that you expect to be paid back at an established due date (“good loans”). Although the money is not in your possession at the moment, “good loans” are still considered part of your wealth and Zakat must be paid upon it every year that it is outstanding. If, however, you think that certain loans will not be paid back fully or on time, (i.e. a “bad loan”), you do not have to pay Zakat on it every year. Zakat is due on a “bad loan” only for the year during which it is repaid and only for the amount that is received.
Gold & Silver:
If you own or invest in gold or other precious metals, you must pay Zakat on their current value. Please note that women’s jewelry is not subject to Zakat unless its amount is above that of the average jewelry for everyday usage according to your culture.
Investments:
If you invest in stocks or bonds, or if you have certain pension plan, you must pay Zakat on their total current value. Although you may not be able to cash your pension plan, at the moment, it is considered part of your wealth. Please note that, although investing in bonds is unlawful, Zakat is due on their value.
Business:
This is the total amount of cash you have in your business bank accounts and on your person. Zakat is also paid on invoices that are due that you expect to be paid.
Zakat Due: