AL IMAN MOSQUE
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How to calculate Zakat on Insurance

Conventional insurance : Zakat is 2.5% of the surrender value at the end of the year when Haul and Nisab are reached.
How to Calculate Zakat on Insurance
Step 1
Find out the Nisab value (minimum value required for Zakat) for the period. You may refer to our Home Page for an updated value.

Step 2
Ask for your current insurance statement from your insurance agent.

Step 3
Determine the start date of the insurance plan and the date when Nisab is reached.

Step 4
Find out the surrender value from your insurance statement or insurance agent when Nisab is reached.

Step 5
Your Zakat Insurance is surrender value ($) x 2.5%
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10 Bukit Panjang Ring Road
Singapore 679943
Tel: 67690770   Fax: 67698970

Email:  aliman@aliman.mosque.org.sg
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  • Home
  • About Us
    • Our History
    • Mosque Management Board
  • Operational Depts
    • Corporate Services
    • aLIVE Madrasah >
      • Media
      • Lessons Overview
    • Islamic Learning Dept >
      • Dakwah
      • Darul Fiqh
      • Ayman Al Iman
      • Projek Riyadhul Jannah
    • Community Engagement >
      • Social Development >
        • Befrienders
      • Volunteer Management >
        • Muslimah
        • Qaryah
        • Warga Emas
    • Kindergarten >
      • Events
      • For Parents
      • Newsletter
  • Online Payment
  • GIRO FORMS
  • Support Services
    • Usage of Facilities
    • Zakat Payment
    • Free Legal Clinic
  • Media
    • Video
  • Careers
  • Contact Us