Zakat Calculator
Calculate your annual Zakat obligation based on your assets and the current nisab threshold. 2.5% on net zakatable wealth.
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Zakatable Assets
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Deductible Liabilities
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Frequently Asked Questions
- Zakat is the third pillar of Islam โ an annual obligatory charity of 2.5% on wealth held above the nisab threshold for one lunar year. It purifies wealth and redistributes it to those in need. It's obligatory on Muslims who meet the nisab requirement.
- Nisab is the minimum wealth threshold that triggers Zakat obligation. It equals the value of 87.48g of gold or 612.36g of silver. Most scholars recommend using the silver nisab as it is lower and includes more people. The value changes daily with gold/silver prices.
- Zakat is due on: cash and bank savings, gold and silver (above personal use), business inventory and receivables, investments (stocks, funds), rental income savings, and agricultural produce. It is NOT due on: personal use items (home, car, clothes), primary business equipment, or land held for personal use.
- Zakat = Total zakatable wealth ร 2.5%. Include all assets that have been in your possession for one full lunar year (Hawl). Subtract current liabilities (debts due within the year). If the net zakatable wealth exceeds nisab, pay 2.5%.
- Hawl is the completion of one full lunar (Hijri) year (approximately 354 days) of ownership. Zakat is only due if your wealth has been above nisab for the entire Hawl period. Many Muslims choose a fixed date (e.g., first of Ramadan) to calculate Zakat annually.
- Scholars differ: Some say yes โ 2.5% of the accessible value annually. Others say no โ until the money is accessible without penalty. A common middle ground is to pay Zakat on employer-matched contributions only, or to pay when funds become accessible. Follow the guidance of your scholar.
- You may deduct debts due within the current year from your zakatable wealth. Long-term mortgage debt is typically only deducted for one year's payments at a time, not the full balance โ though scholarly opinions vary. Consumer debt (credit cards, personal loans) due within the year is generally deductible.
- The Quran (9:60) specifies eight categories: the poor, the needy, Zakat administrators, those whose hearts need reconciliation, slaves (to free them), debtors, those striving in God's cause, and travelers in need. In practice, most Zakat goes to the poor and needy locally or globally.