Zakkah calculator
Simplifying your Zakat calculation
Calculating your Zakat isn’t as difficult as you may think. We find that breaking your assets down into different categories makes the Zakat calculation process really simple.
We have broken down the calculation process into Zakatable assets (gold, silver, cash, savings, business assets etc.) and Deductible liabilities (money you owe, other outgoings due) so you can calculate the Zakat you owe easily.
The amount of Zakat you need to pay will be determined once you have calculated the value of your net assets. You then need to see whether your net assets are equal to, or exceed, the Nisab threshold.
Our Zakat Calculator
Summary
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We have sent your request information to your email.Calculating your Zakat isn’t as difficult as you may think. We find that breaking your assets down into different categories makes the Zakat calculation process really simple.
We have broken down the calculation process into Zakatable assets (gold, silver, cash, savings, business assets etc.) and Deductible liabilities (money you owe, other outgoings due) so you can calculate the Zakat you owe easily.
The amount of Zakat you need to pay will be determined once you have calculated the value of your net assets. You then need to see whether your net assets are equal to, or exceed, the Nisab threshold.
Simplifying your Zakat calculation
Using the Zakat calculator
Enter all assets that have been in your possession over a lunar year into the Zakat calculator. This will then give you the total amount of Zakat owed.
Who Is Eligible To Receive Zakah?
There are eight categories of people who are eligible to receive Zakah:
The poor (one whose wealth is below the Nisab threshold)
The destitute (one who has nothing at all)
Administrators of Zakat (those involved in collecting and distributing Zakah)
To draw hearts closer to Islam
Those who have been enslaved (for a slave aspiring to purchase his freedom)
Those whose debt encompasses the entirety of their wealth
In the path of God
Wayfarers (one who lacks the means to access their wealth or return home)
“Alms are meant only for the poor, the needy, those who administer them, those whose hearts need winning over, to free slaves and help those in debt, for God’s cause, and for travellers in need. This is ordained by God; God is all knowing and wise.” [Qur’an 9:60]
Who Must Pay Zakah?
The nisab (legal threshold) is the minimum amount of wealth a Muslim must possess before they become eligible to pay Zakat.
Gold and silver are the two values used to calculate the nisab threshold. The nisab is the value of 87.48 grams of gold or 612.36 grams of silver.
To calculate if your wealth reaches the nisab threshold:
– If you own only gold assets, you must calculate your threshold according to the nisab of gold (£3504.36 as of 17th March 2021).
– If you own only silver assets, you must calculate your threshold according to the nisab of silver (£368.40 as of 17th March 2021).
– If you own a variety of assets (which may include – but not exclusive to – liquid cash, properties bought for the intent of business, tradable goods, the value of stocks & shares), you must calculate the accumulative value and ascertain if it reaches the threshold of silver (£368.40 as of 17th March 2021).
Please ensure any liabilities such as short-term debts and fractional values of long-term debts and immediate costs (such as bills, groceries, etc.) for the present month are deducted from your accumulative wealth.
Gold OR Silver OR Variety of Assets MINUS Debts MINUS Costs EQUALS Zakatable Wealth
Scholar Verified
We ensure our content is reviewed and verified by qualified scholars to provide you with the most accurate information. This webpage was last reviewed by Sheikh Junaid Al-Azhari.
Page last reviewed: 16 January 2023
Next review due: Within 12 months
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