Types of wealth on which Zakaat is NOT Farz

TYPES OF WEALTH ON WHICH ZAKAAT IS NOT FARZ ARE:

  1. Zakaat is not Wajib on any other metal besides gold and silver.
  2. Zakaat is not Wajib on fixtures and fittings of a shop, motor car, truck or any delivery vehicle etc., which is used in running a business.
  3. There is no Zakaat on diamonds, pearls, and other precious or semi-precious stones which are for personal use. Zakaat is payable on the gold or silver used in making jewelry with diamonds, pearls etc. There is no Zakaat on imitation jewelry.
  4. There is no Zakaat on any number of living quarters, house-hold furniture, crockery, personal clothing, whether they are in use or not. However, Islam does not justify extravagance.
  5. There is no Zakaat on a person whose liabilities exceed or equal his assets.
  6. A person has $300, but owes $ 200. Zakaat is due on the remaining $100.