- Does my child's account need to pay zakat?
- Does my property, which is not used for Business Purposes, need to pay Zakat?
- How about my car, stamp and coin collection of value, do I need to pay zakat for that?
- How do I calculate it if I have many bank accounts and investment accounts?
- and many more
Before Ramadhan kicks in this year, let us revisit our understanding of Zakat matters and build our confidence by recap-ing the calculations!
1st Session: Calculating Zakat for Individuals
Trainer:
Ustaz Haron Masagoes Hassan
Ustaz Haron Masagoes Hassan presently is the deputy head and internal Shariah advisor for the Islamic Wealth Advisory (FAiWA) division within Financial Alliance Pte Ltd.
In his role, he works closely with FAIWA's external Shariah advisor, Prof Dr Akram Laldin of ISRA, Malaysia.
Haron also has completed the Shariah Advisor Workshop by PERGAS (Association of Religious Islamic Scholars Singapore) which was conducted by Dr Zaharuddin Abdul Rahman.
Topics that will be discussed on that day:
1. Zakat on Savings – How is it treated for Personal, Single, Multiple or even Joint Accounts?
2. Zakat on Gold – Gold prices keep fluctuating this year, do I still pay Zakat on gold jewellery and investments?
3. Zakat on Shares – Mutual Funds and Stocks – an investor point of view.
4. Zakat on Insurance – When treated for savings vehicle purposes.
This year, for the first time, we have added one more session for this purpose...
2nd Session: Calculating Zakat for Business
This will not apply if you are not a business owner.
Trainer:
Mohamed Fazluddin
- Chartered Accountant, Trusted Advisor
- Qualified Individual (ACRA)
Mr Mohamed Fazluddin has over 20 years of experience in the accounting industry and business. He is also a fellow member of ACCA (FCCA, 10 years in recognition), CA Singapore (ISCA), Registered Filing Agent ACRA and has received Awards from Malay Chambers of Commerce.
Unlike Zakat for an individual, which consists of Savings, Gold, Investments and Insurance, the calculations for Zakat for Business are different.
Why is it different?
In Business, there are many different elements that a business owner needs to account for. For example, part of the money earned may belong to Suppliers, who are not paid yet.
Part of the money may belong to employees' salaries and the cost of running operations and the list goes on.
So does Zakat On Business be calculated based on what is earned or ‘Revenue' or is it just based on ‘Net Profits'?
Answer is Neither.
This session will be Moderated by:
Fadzuli Wahab
- Co-founder Islamicevents.sg
Details
- Registered participants will be invited into the Zoom session.
- Zoom links and details will be given a day before, by Zohor.
Day/Date: 26 March 2022
Time: 1st session: 9.30am to 1.30pm
( Calculating Zakat for Individuals )
2nd session: 2.30pm to 5.30pm
( Calculating Zakat for Business )
Fees:
Session 1 ( Calculating Zakat for Individuals ) - $25 per pax
Session 2 ( Calculating Zakat for Business ) - $25 per pax
To attend both sessions - $40 per pax
- Full Payments are to be made before the Workshop starts.
- NO REFUND for participants that fail to attend the Course.
Ensure you can commit to the course timings.
- Participants will be given Notes. You will have to download
from the link given nearer to the course dates.
The organiser has the right to make changes to the schedule or cancel the course. Participants will be informed in advance of changes.
Bank Transfer / Debit Card / Paypal / PayNow / Paylah
Step 1: Choose the quantity
Step 2: Fill in your details
Step 3: Choose your mode of payment and proceed with payment.
