Assets which do not fall under the following list are defined as personal assets and are not Zakatable:
Gold and silver
Cash and receivables
Business stock
Investments in Zakatable assets
Crops and agricultural produce
Animal livestock
Thus, all personal assets not in the above are not Zakatable. For example, one’s car, mobile phone, laptop, house, electronic appliances are all not Zakatable regardless of the value.
And Allah knows best!
Reviewed on 29/11/2021
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