Your Zakaat Calculator.
Use our calculator to easily work out how much Zakat you need to pay.
Lets start!
To work out your Zakat, we need to add up all the things you own, take away anything you owe to others, which gives us a total figure of your wealth. The Zakat due would be 2.5% of that wealth.
Just follow the form below to calculate your Zakat. You can also convert your gold, silver and cryptocurrency to their cash value.
Step 1: Calculating Your Assets
Calculate What You Own
When calculating Zakat, your assets include:
- Cash: Savings, bank balances, and cash on hand.
- Gold/Silver: Jewelry, coins, bullion.
- Business Inventory: Goods for sale.
- Receivables: Money owed to you.
- Investments: Stocks, shares, securities.
- Resale Property: Items or real estate for trade.
Exclude personal use items like your home, car, and clothes.
Cash & Loans
Pension, Savings, & Investments
Gold, Silver, and Other Assets
Your Business
Step 2: Calculating Your Liabilities
Calculating what you owe to others
When calculating Zakat, liabilities are deducted from your Zakatable assets. These include:
- Short-term Liabilities: Immediate debts due within the Zakat year (e.g., unpaid bills, rent, or loan installments).
- Long-term Liabilities: Only the portion of a long-term debt due within the Zakat year.
- Outstanding Wages: Salaries or payments owed to employees or others.
Liabilities
How much Zakat is Due?
Here's a summary of the calculation, based on the information you provided. You only need to pay Zakat if your total wealth is more than the Nisab, which is £489.72 today.
Total of what You Own
minus what You Owe
is equal to Total Wealth
Frequently Asked Questions
The faqs answer would be here.
Qurbani, meaning “sacrifice” in Arabic, is a highly significant Islamic practice where a Muslim sacrifices an animal, like a goat, sheep, cow, or camel, during the month of Dhul Hijjah.
Yes, someone who is legally responsible to pay Zakat can pay through monthly instalments throughout the year, with the intention of paying Zakat. When lunar year comes to an end, Zakat should be calculated, and whatever remains outstanding should be paid off. In similar fashion, outstanding amount can also be paid through instalment.
Yes, in order to fulfil one’s obligation, one must intend (i.e., specify) that they are paying Zakat. As an act of worship pertaining to financial dealings, an intention is required in order for it to be performed correctly. The intention (niyya) for fulfilling one’s obligation is to intend that one is paying Zakat, whether that be at time of distributing one’s wealth to those who are eligible (i.e., at the time of payment), or when setting Zakat money aside.
If these valuable stones and jewels [i.e., other than gold and silver] are for the purpose of trading, then they are liable for Zakat. If however, they are used for one’s personal use, Zakat does not need to be paid on it, irrespective of its value.
Zakat becomes obligatory if someone is minimally in possession of 612.36 grams of silver. One-fortieth (1/40) of the total amount should be paid as Zakat. Abu Sa`id al-Khudri states that Holy Prophet [SAW] said,
There is no Zakat upon any silver that is less than five awqiya (612.36 grams) [Bukhari, #1390].
It must be noted that the Zakat due is equivalent to 2.5% either by weight or value.
Still Got Questions? Get In Touch!
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Contact Information
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636 174 914
705-323-9264 - suport124@gmail.com
- New York, USA
