How to Calculate Your Zakat as an Individual with a Business Venture

As a follow-up to the Zakat series in our previous articles, today we will learn how to calculate Zakat. The example below does not include all the Zakatable items but can be utilised as a template to be used to calculate Zakat.

To do this, we have made this MS Excel version of a template that can be downloaded and used to input the Zakatable items to get the instant Zakat Payable. Click here to get yours è

Our services to the beneficiaries of your Zakat include:

Financial Inclusion: AWF brings the prospective beneficiaries into our microcredit and microfinancing scheme. Removing the barriers that exclude minority groups like women and differently-abled people.

Training on skills acquisition: Beneficiaries will have the opportunity to intern and gain skills that will make them productive in the investment of the Zakat.

Training on simple book keeping: AWF organises financial literacy workshops to train beneficiaries on simple book keeping and accounting to enable them evaluate the costs of their businesses.

Advisory services: Zakat beneficiaries enjoy free consultation services to facilitate judicious use of the Zakat

Records and statistics: AWF collects data and analyses it to deduce how best Zakat can be employed to improve the socio-economic standards of its beneficiaries.

Impact assessment: AWF will monitor, evaluate or assess the impact of your Zakat to the beneficiaries and their immediate community.

To learn more and donate, visit ⇒ https://www.almubarakwaqf.org/donate

Our Zakat Collection Account details are:

Name: Almubarak Waqf Foundation Zakat Collection Account

Account No.: 0693545025

Bank: Guaranty Trust Bank (GTBANK)

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1. Twitter: https://www.twitter.com/almubarakwaqf

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4. Linkedin: https://www.linkedin.com/in/almubarakwaqf

Call: +2348032408980, +2348028585115