Malaysian Income Zakat Formula:
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Zakat Pendapatan (Income Zakat) is an obligation for Muslims in Malaysia to pay 2.5% of their annual income if it reaches or exceeds the Nisab value (minimum threshold). The current Nisab value is based on the value of 85 grams of gold.
The calculator uses the standard Zakat formula:
Where:
Explanation: Zakat is only obligatory when your total savings and income reach the Nisab value and have been held for one lunar year (haul).
Details: Zakat is one of the Five Pillars of Islam. It purifies wealth, supports the less fortunate, and maintains economic balance in society. In Malaysia, Zakat is managed by state religious authorities.
Tips: Enter your total annual income in MYR and the current Nisab value (default is MYR 5890). The calculator will determine if you need to pay Zakat and the amount.
Q1: What income is zakatable?
A: All forms of income including salary, bonuses, business profits, rental income, etc. after deducting necessary expenses.
Q2: How often should I pay Zakat Pendapatan?
A: Annually, when your income/savings reach Nisab and have been held for one lunar year.
Q3: What's the current Nisab value?
A: As of 2023, it's MYR 5890 (based on 85g of gold at MYR 69.30/g). Check with local authorities for updates.
Q4: Can I pay Zakat in advance?
A: Yes, you can pay Zakat in advance if you expect your wealth will reach Nisab by year-end.
Q5: Where should I pay my Zakat?
A: To official Zakat collection centers under state Islamic religious councils or authorized institutions.