Learn how to calculate Zakat on Insurance with this slideshow. You can also watch the video of this presentation at http://www.youtube.com/zakatsg

1. Zakat on Insurance

2. Zakat
Zakat on Wealth Zakat Fitrah
Zakat Zakat Zakat
on Savings on Business on CPF
Zakat Zakat Zakat
on Insurance on Shares on Gold

3. Zakat
on Insurance

4. Zakat on Insurance
“Surrender Value”

5. Zakat on Insurance
Premiums Death Bene t Surrender Value
Year
Total Total Total $5,500 (“Surrender value”)
1 3,732 10,406 2,116
2 4,666 10,510 2,870 x 2.5%
3 5,599 10,923 3,241
4 6,532 11,443 4,046 = $137.50
5 7,465 12,071 4,469
(Zakat on Insurance)
6 8,398 12,811 5,500
E.g. Benefit Illustration

6. Step 1 Step 2 Step 3 Step 4 Step 5

7. Step 1 Step 2 Step 3 Step 4 Step 5
Obtain nisab value
Premiums Death Bene t Surrender Value
Year
Total Total Total
Obtain nisab value
E.g. Benefit Illustration

8. Step 1 Step 2 Step 3 Step 4 Step 5
Obtain nisab value
Premiums Death Bene t Surrender Value
Year
Total Total Total
www.zakat.sg
E.g. Benefit Illustration

9. Step 1 Step 2 Step 3 Step 4 Step 5
Obtain nisab value
Premiums Death Bene t Surrender Value
Year
Total Total Total
Berita Harian
March 2010
Nisab
$4606
E.g. Benefit Illustration

10. Step 1 Step 2 Step 3 Step 4 Step 5
Refer to benefit illustration
Premiums Death Bene t Surrender Value
Year
Total Total Total
1 3,732 10,406 2,116
2 4,666 10,510 2,870
3 5,599 10,923 3,241
4 6,532 11,443 4,046
5 7,465 12,071 4,469
6 8,398 12,811 5,500
E.g. Benefit Illustration

11. Step 1 Step 2 Step 3 Step 4 Step 5
Determine insurance date
Premiums Death Bene t Surrender Value
Year
Total Total Total
1 3,732 10,406 2,116
2 4,666 10,510 2,870
3 5,599 10,923 3,241 Find the date when
4 6,532 11,443 4,046 nisab is reached
5 7,465 12,071 4,469
6 8,398 12,811 5,500
E.g. Benefit Illustration

12. Step 1 Step 2 Step 3 Step 4
Step 4 Step 5
Obtain surrender value
Premiums Death Bene t Surrender Value
Year
Total Total Total
1 3,732 10,406 2,116
2 4,666 10,510 2,870
3 5,599 10,923 3,241
4
5
6,532
7,465
11,443
12,071
4,046
4,469
$5,500
6 8,398 12,811 5,500
(“Surrender value”)
E.g. Benefit Illustration

13. Step 1 Step 2 Step 3 Step 4 Step 55
Step
Your Zakat on Insurance is:
Premiums Death Bene t Surrender Value
Year
Total Total Total
1 3,732 10,406 2,116
$5,500 (“Surrender value”)
2
3
4,666
5,599
10,510
10,923
2,870
3,241
x 2.5%
4 6,532 11,443 4,046
5 7,465 12,071 4,469 = $137.50 (Zakat on Insurance)
6 8,398 12,811 5,500
E.g. Benefit Illustration