Zakat on savings, pensions and shares

Cash and savings

All cash counts: current accounts, savings, ISAs, money held at home, and money owed to you that you expect to be repaid. Interest received should be given away separately and not counted as your own wealth.

Shares and funds

If you bought shares to trade, the full market value is zakatable. If you hold them long term for dividends, the common approach is to pay zakat on the zakatable assets underlying your holding, often estimated at around a quarter of the share value where no detailed breakdown is available.

Pensions

Defined contribution pots you can access are generally zakatable on the accessible zakatable portion. Defined benefit schemes, where you own no pot, are usually treated as not zakatable until funds are received.

Debts you can deduct

Deduct what is immediately due: overdue bills, this month's rent and mortgage payment, credit card balances due now, and short term personal loans. Do not deduct the full outstanding balance of a long term mortgage.

Is crypto zakatable?

Yes. Most contemporary scholars treat cryptocurrency as a tradeable asset, zakatable at its market value on your zakat date.

Do I pay zakat on my house?

Not on the home you live in. A property bought to resell is zakatable at market value; a rental property is not, though the accumulated rental income is.