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Zakat on Pure Gold and Gold Jewellery
Zakat should be calculated at 2.5% of the market value as on the date of valuation (Lunar date). Most Ulema favour the Market Value prevailing as on the date of Calculation and not the purchase price.
Zakat on Precious and Semi-Precious Stones
If these precious stones were purchased for commercial purpose (as an inventory), only then the market value of these precious stones will be considered while calculating zakat.
One may calculate the Saleable Value of Items-at-hand on the date of Zakat Calculation.
Zakat on Silver
Zakat is to be paid on Silver in Pure form or Jewellery, Utensils, Decorative items and all household items including crockery, cutlery made of silver at 2.5% of the prevailing market rates.
Zakat on Cash and Bank Balances
Zakat should be paid at 2.5% on all cash balance and bank balances in your savings, current or FD accounts. The amount technically should be in the bank for one year. Usually it happens that the balance keeps on changing as per personal requirements.
You may make your best judgement and the best way is to pay on remaining amount on the day of calculation.
Zakat on Loans Given, Funds, etc
Zakat is payable by you on loans you have given to your friends and relatives. It should be treated as Cash in Hand. You may deduct Loans Payable by you to arrive at the nett present value of your wealth. However, if you are in doubt, on the return of your money, then you may not calculate it as your wealth. But you can add it to your wealth retrospectively, if and when your receive your money.
Zakat is payable on all Govt Bonds, Public Sector Bond, Cash value of Takaful policies, your paid-up portion of BC/Committee (Bachat/voluntary contribution) which is not yet received, Govt Bills receivables, etc. Pls remember you need to be aware of what the sharia says about Insurance and other types of investments. It is outside of the scope of this Zakath Calculator.
Zakat on Landed Property
Zakat is not payable on personal residential House even if you have more than one and meant for residential purpose only. Also Zakat is not applicable on the value of Property given on rent irrespective of how many. However Zakat is payable on the rental income itself which is remain till the date of Zakat.
However if your intention of holding properties is to sell at a future date for a profit or as an investment, then Zakat is payable on the Market Value of the property on Zakat date.
Your paid-up portion of BC/Committee (Bachat/voluntary contribution) which is not yet received