What do I pay Zakat on?

The items upon which Zakat is due include:

• Cash and Liquid Assets
• Gold and Silver
• Debts owed to you — the amount of money lent to others that will be repaid confidently
• Shares and Investments
• Property and other fixed assets
• Pension Funds/RRSP/RESP/TFSA and others
• Business Assets

Please note, you are required to pay Zakat on these items, if you meet the following criteria:

Social

• You must have complete ownership of wealth
• Free of haram income — Zakat is not due upon earnings that are from haram sources. Rather, that wealth should be disposed of by giving it in charity, and seeking forgiveness from Allah after. 
• Meets Nisab - The minimum threshold of wealth a person must own at which Zakat becomes payable. 
• One lunar year passes over the wealth after attaining the Nisab amount