The catogories of Zakat are as follows
:
Zakat
On Saving
The
common method of calculation in Singapore is to
take 2.5% of the lowest annual balance of all
types of savings.This lowest balance must be equal
or more than the nisab.
Zakat
On CPF Saving
Savings
2.5% of the amount of CPF savings at every year
end balance upon completion of haul and nisab.
The amount may be paid annually OR backdated ie.
upon withdrawal of CPF savings.
Zakat
On Gold
2.5%
of the market value of gold (such as gold bars).
This value must be equal or more than the nisab.
ie. the value of 86 grams of gold.
Zakat
On Shares
2.5%
of the amount market vakue of the shares upon
completion of haul and nisab.
Zakat
On Business
2.5%
of the net current asset upon completion of haul
and nisab.
