Zakat Transactions in the Construction&RET Sectors

Items That Are Not Deducted from the Zakat Base Below are examples of items that are not deductible from the Zakat base: Group Item Amount Non-deductible assets Cash and cash equivalents Inventory Obligations of the Zakat payer, whatever their duration or nature Investments in Sukuk and bonds (which are not treated as capital) Investments in companies outside the Kingdom unless Zakat is paid Investments in properties under development that do not meet the conditions specified in the Regulations Spare parts held for sale Intangible assets purchased for trading Investment in deposits or forward transactions Statutory deposits excluding statutory deposits of insurance and reinsurance companies Investments for trading The Zakar payer’s obligations include: Notes Receivable Receivables Advance payments receivable Receivables from government Dues from related parties