Zakat Calculator
Accurate Zakat calculation for modern Muslims. Computes 2.5% charity obligation on gold, cash, stocks & assets with Nisab threshold checks. Fiqh-compliant results.
Zakat Calculator: Islamic Wealth Purification Tool
What is This?
A digital tool automating the complex calculation of Zakat (obligatory almsgiving in Islam) according to Hanafi and contemporary financial standards. It evaluates:
- Liquid assets (cash/bank balances)
- Precious metals (gold/silver)
- Investment portfolios
- Business inventories
- Receivables/payables
Core Formula
Zakat Payable = (Total Zakatable Assets - Immediate Debts) × 2.5% When:
Only if net wealth ≥ Nisab threshold (85g gold value)
How to Use
- Input Assets
Enter all zakatable holdings in their respective categories - Declare Liabilities
Subtract immediate payable debts - Automatic Verification
System checks Nisab requirement - Get Obligation
Calculates 2.5% on qualifying balance
Pro Tip: Update gold prices annually for accurate Nisab valuation
FAQs
Q: Why different gold/silver calculation?
A: Gold uses 85g standard, silver 595g per Hadith (Bukhari)
Q: Are retirement accounts zakatable?
A: Only if accessible without penalties (consult local scholars)
Q: How often should I calculate?
A: Annually on Islamic calendar date when wealth first exceeded Nisab
Terminology
- Nisab - Minimum wealth threshold (≈$4,900 in 2025)
- Hawl - Lunar year completion requirement
- Zakatable Assets - Wealth exceeding basic needs
- Fitr - Separate obligatory charity (not calculated here)