From: Professional Accountants Forum (PAFO) <pafoandacfo1@gmail.com>
Date: Wed, Feb 5, 2025 at 8:02 PM
Subject: Zakat Calculation 30+ QnA, etc Seminar on 9 Feb @3pm
 

Zakat Calculation In-depth Online Seminar on Sunday 9.2.25 at 3pm

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We spare about 720 hours for Namaz & 960 hours for Haj, how many hours do we spare for Zakat Calculation Learning and for our Zakat Calculation?  Do U know Mandatory to pay, after Proper Calculation. Do U know Answers to Questions given in the later part?

 
For Farz Zakat Payment, the first step is understanding Zakat Calculation correctly So join Online Zakat Calculation Seminar by Learned PAFO Professionals (who have close connections with Muftian e Kirams of all Schools of thoughts). Click to Register for Free https://cutt.ly/SDVnYxn

Hence, there should have proper updated knowledge every year as to how to calculate Zakat. A Survey done by Professional Accountants Forum (PAFO) shows that very few are aware about Proper Calculation of Zakat. 

PAFO has spent over 5,000 hours in order to prepare and update this Zakat Presentations & other Relevant Materials for the Noble Cause to impart authentic knowledge, by reading & discussing several books and having Fatwas from time to time as well as in-depth discussion with Muhtaram High level Muftian-e-Kirams of All Schools of Thought and having Consensus between them on Zakat Calculation matters. Resultantly, over 100 Seminars were held all over the World. The biggest of such events were in Faisal Masjid Islamabad twice before Mautakifeen and Masses prior to Juma Khutba, etc in Ramzan and ICAP with thousands of Participants.

Zakat on Big Businesses owners considering their Balance Sheet and Shariah & Zakat Accountant concepts (VS Market Value of Shares) and Considering Question below matters and Zakat Accountant concept

Some of the Mid Level Questions (while High Level Questions are covered in later part) 

1.     Can we pay Zakat without proper Calculation?

2.     Is 1 Ramzan necessary to Calculate Zakat?

3.     Are your Zakat Calculations different from Spouse, Father, Mother, Son, Daughter?

4.     Can someone pay Zakat on behalf of Others?

5.     Sahib e Nisab Date & Definition importance for Payer (as well as to whom you pay viz Receiver)?

6.     Are all Assets subject to Zakat? Is Zakat Payable every Hijra year?

7.     Are all Liabilities Deductible to arrive at Net Assets?

8.     Net Asset status like ECG Report and What to do?

9.     Can we pay Zakat on the Gregorian year / Calendar Year or Financial Year or Fiscal Year?

10.  For Gold is necessary to know the correct Net Weight & relevant Carat? Is Zakat applicable on Big & Small Diamond and Stone fixed therein?  

11.  Are Life Insurance, Family Takaful and Other Insurance and Other Takaful subject to Zakat?

12.  Different types of PF, Pension, Gratuity subject to Zakat?

Some of the High-Level Zakat or not Decision issues

A.  Booking stage Purchase of FLAT / BUNGALOW (with Land of Other and Construction by Other) with Pure sell Niyat / Mal e Tijarat

•       Stage when Zakat will be payable and on which amount

•       Flat / Bangalow is a Manufacturing contract (Istasna in Arabic) 

A 1:  Advance (Down payment & partial installments paid)

A 2:  Advance (down payment & complete instalments paid), however, but neither Lease transferred to buyer nor Possession is allowed

A 3: Advance (Down payment & complete instalments paid) lease is transferred, but no possession / no handing over

A 4: Advance (Down payment & complete installments paid), lease transferred & possession given / handed over

B. Booking stage Purchase of PLOT (with sell Niyat) – Stage when Zakat with payable and on which amount

B 1: Partial advance paid but NO bidding / draw held

B 2: Partial advance paid, bidding done but no allotment so far

B 3: Partial advance paid, bidding done, allotment done but map is NOT available

B 4: Full amount advance paid, bidding done, allotment done, map is available but NO plotting on field

B 5: Partial advance paid, bidding done, allotment done but map is NOT available

B 6: Full amount advance paid, bidding done, allotment done, map is available but NO plotting on field

Other Major Matters

C. Whether Plot, Flat, Shop, Bangalow which are given on Rent are Zakatable assets.

D. Whether Business premises for use - office and shop are Zakatable assets.

E. Whether Zakat Payable on Whole amount of Rent received in Hijri year

F: Whether Zakat Payable on Whole amount of Gratuity received in Hijri year

G. Maintenance Fund (Residential & Office / Area) whether Zakat

H. Can Zakat payment be delayed owing to shortage and Wasiat

J. Inheritance Property Zakat matter

H. Gift to Children as Zakat Planning or Otherwise

I. Is Investments kept for Children Education, Marriage, etc subject to Zakat?

H. Are all Liabilities Deductible from aggregate Zakatable assets, taking care of major matters