السلام عليكم ورحمة الله وبركاته
I have seen various articles on how much zakat to pay on pensions that hold shariah funds. Some suggest 40% and others 25% (based on the assumes liquid assets within the stocks in these funds).
I wanted to do a quick check on some of the biggest holdings within my pension funds and wanted to run these past the community to see if my calculations are right.
Here are some examples. Can folks please do me a favour and check if I’ve got it right? جزاك الله خير
Market Cap = 2600B
Current Assets = 140B
Zakatable assets as % = 140/2600 = 5.5%
I’ve assumes Non Current Assets are not liquid and therefore should not be in the zakatable calc.
Johnson and Johnson (JNJ)
Market Cap = 489B
Current Assets = 61B
Zakatable assets as % = 61/489 = 12.5%
Based on some of the top 10 holdings of my pension fund the zakatable assets within those individual stocks range from 3% to 13%. If I’ve done the working out correctly I could go with the 25% and that would be a safe assumption for me.
What does everyone think? I’d really appreciate everyones thoughts and advice on if I’ve done this correctly, or if you use a different method to work out zakatable assets within stocks.