I. EXECUTIVE SUMMARY

1. Zakat is an Important Pillar of Islam and its Proper Zakat Calculation is the first step to Zakat (other than some advance zakat payment).

2. Our over 15 years’ experience with Zakat Seminars all over the Globe revealed that several Muslims (even Highly Educated Professionals) do not calculate Zakat properly. Hence, Professional Accountants Forum, etc have been providing guidance via Free Seminars for several years. 

3. Several Professionals and Businessmen contact us for Zakat Calculation Services and therefore, this email is being sent for their and others' convenience.

3. For Proper Zakat Calculaiton, we have constant contact with Muhtaram Muftian e Kirams of almost all Schools of thought and have developed consensus among them in nearly all areas, Alhmadolillah.

II DETAILS

B. Some of the Profile Areas of the undersigned

1. After becoming CA & CMA together in 1991, the undersigned (with PAFO team) has done in-depth Research with over 20 High Level Muftian e Kiran from  different Schools of Thoughts over 15 years.

2.  Experience of Proper Zakat Calculation of several Companies (and cunsulted with Muftian e Kirams to avoid Shariah risk)  

3. Acknowledging the above, I was appointed as a Committee Member for the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) Zakat Standard.

4. Has done / organized several Seminars for CA, ICMA, several cities Auditorium, PHMA, Karachi Club, 5 Star Hotel, Shah Faisal Masjid (Islamabad), Makkah, Medina, etc

5. Trained over 200 Gents & Ladies Presenters all over the World, who are now Presenters  

6. Professional Accountants Forum International Secretary, which have been arranging several Zakat Calculations Seminars all over the World

C. Scope of work

Calculate Zakat properly & provide professional Shariah advisory services for the computation of Zakat payable by companies’ major/group of shareholders to determine Zakat per share, Business House and High Worth Individuals. The objective of this engagement is to:

1. Ensure accurate computation of Zakat in accordance with Qur’an and Sunnah.

2. Apply recognized Fiqh principles and contemporary Shariah standards.

3. Provide a clear, defensible, and properly documented Zakat calculation via highly knowledgeable Muftian e Kirans.

D. Document required

For accurate computation of Zakat, the following documents and information will be required:

1. Latest / Unaudited Accounts (prior to Proposal seekingt)

2. Breakups of Multiple Heads will be requested on need (post Proposal approval).

E. Timeline and area for computations

1. The Zakat computation process is general completed between 7 to 21 working days as per complications and in-depth working required

2. The timeline shall commence from the acceptance of proposal.

3. The engagement timeline includes:

• Review of financial statements.
• Identification of Zakatable assets and permissible deductible liabilities.
• Adjustments in accordance with Shariah principles.

III. LIST OF OTHER RELEVANT QCs

(a) 364 of 6.3.26 about Sunday@2pm Zakat Calculation Seminar Online Link

(b) 362 of 25.2.26 about Gold, Silver, Fidya & Fitra and Zakat Calculation Services

(c) BFIC 361 of 17.2.26 about Rs 503,529 Zakat Nisab 2026 for PLS A/c, etc

(d) BFIC 360 of 12.10.26 about 360= Karachi Club Islamic Investments & Zakat Calculation Seminars Videos links

(e) BFIC 354 of 22.1.26 about ICAP Zakat Calculation Online Seminar for All - Register for Free

(f) BFIC 304 of 13.3.25 about ICAP 2025 Zakat Calculation In-Depth Seminar VIDEOs 

(g) BFIC 303 of 28.2.25 about Zakat deduction on Saving, etc Accounts on 1 or 2.3. 25 & PAFO views 

(h) BFIC 302 of 21.2.25 about Karachi Club Zakat Calculation & Islamic Investment Seminars 

(i) BFIC 301 of 11.2 25 about Zoom & Facebook link ICAP Zakat Calculation 2025 Seminar 

(j) BFIC 300 of 10.2.25 about ICAP Zakat Calculation Online Seminar 11.2.25 = Urgently Register for Free

(k) BFIC 266 of 21.3.24 about Gold & Silver rates Ramzan 1, 1441 to 45 & Guidelines

(l) BFQC198 of 20.3.23 about Zakat Nisab 2023 for P&L Accounts, etc

(m) BFQC 145 of 1.4.22 about Zakat Nisab 2022 for P&L Accounts, etc.

IV. MULTIPLICATION: Although all the Commentaries are to the extent of the Subscribed IDs only, however, your Goodself is appreciated to share this BFIC for the Noble Cause to Impart Knowledge & Sadqa e Jaria.

V. FURTHER DETAILS & SERVICES 

Should you require any clarification or explanations or Zakat Calculation Services (alongwith Muhtaram Muftain e Kiram/s) in respect of the above or otherwise, please feel free to email info.kasbati@professional-excellence.com. 

Best regards for Here & Hereafter
Asif S Kasbati (FCA, FCMA & LLB)

Managing Partner 

Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc

Quick Commentary Service Provider and High Level 440+ Tax & Levies Laws Consultants) 

Head of Tax & Professional Excellence Services (Symbols of High Quality Practical Tax, Levies & Corporate Training for Beginners to High Levels' Professionals) 

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