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Zakat Calculator
Zakat is one of the five pillars of Islam: an annual charity of 2.5% on the qualifying wealth a Muslim has held for a full lunar year, once it reaches the nisab threshold. Enter your assets and liabilities below to estimate the Zakat you owe.
How Zakat is calculated
- Add up your zakatable assets: cash and savings, the value of gold and silver, shares and investments, business stock and trade goods, and money others owe you that you expect to recover.
- Subtract your immediate liabilities, such as debts that are due. The result is your net zakatable wealth.
- If your net wealth is equal to or above the nisab — the value of 85 grams of gold or 595 grams of silver — Zakat is due at a rate of 2.5%.
- Zakat is paid once your wealth has been held for one full lunar (Hijri) year, known as the hawl.
Frequently asked questions
- What is the nisab for Zakat?
- The nisab is the minimum amount of wealth a Muslim must own before Zakat becomes obligatory. It equals the value of 85 grams of gold or 595 grams of silver. Many scholars recommend using the silver value as it benefits more recipients.
- How much Zakat do I pay?
- Zakat is paid at a rate of 2.5% (one-fortieth) of your net zakatable wealth, provided that wealth is at or above the nisab and has been held for a full lunar year.
- What assets are subject to Zakat?
- Cash, savings, gold, silver, shares and investments, business stock, and recoverable debts owed to you are all zakatable. Your home, car and personal belongings used for daily living are generally not.