How do I calculate my Zakat?

Zakat Calculator

Zakat, one of the five pillars of Islam, is obligatory on all Muslims who meet the Nisab values. Nisab is the minimum amount of net capital that a Muslim must possess in order to be eligible to pay Zakat, which is prescribed as the equivalent of 87.48 grams (7.5 tola) of gold and 612.36 grams (52.5 tola) of silver, respectively.

If you wish to calculate your Zakat amount with ease, please use the Zakat Calculator below.

Frequently Asked Questions

About Zakat

Nisab is a term that denotes the minimum amount of wealth Muslims must have before Zakat becomes obligatory upon them. They are required to donate 2.5% of their total wealth to those in need.

Nisab was set by Prophet Muhammad (صلی اللہ علیہ وسلم) at 20 Mithqaal (مثقال) of gold or 200 dirhams of silver. This is the equivalent of 87.48 grams (7.5 tola) of gold and 612.36 grams (52.5 tola) of silver, respectively.

This is to be noted carefully that if someone possesses only gold, then the Nisab level for gold (87.48 grams) must be used. However, if a mixture of assets are possessed (like 1 or 2 tola gold, 10 tola silver, 5 thousand rupees etc.) then the (lower) silver Nisab level (current value of 612.36 gram silver) must be used.

Zakat brings one closer to Allah SWT. As an obligatory act of charity, it ensures that the poor and needy are protected from deprivation, hunger and financial insecurity. Zakat not only benefits those in need but also brings countless blessings to the ones who pay it. It cleanses our wealth, wipes away minor sins and purifies heart and soul from stinginess.

“…but My mercy encompasses all things. I shall ordain My mercy for those who are conscious of God and pay the prescribed alms; who believe in Our Revelations.”

“My mercy encompasses all things, but I will specify it for the righteous who give Zakat” – (Quran 7:156)

Who are the recipients of Zakat?

“Alms (here it means Zakat) 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.” (Quran 9:60)

Here are the eight categories of recipients of Zakat:

  1. The poor (Fuqara)
  2. The needy (Masakeen)
  3. Collectors of Zakat (Al-‘Aamileen)
  4. Friends of the Islamic community and/or convert Muslims (Al-Mu’allafatu-Al- Quloob)
  5. The cause of (freeing) the slaves (Ar-Riqaab)
  6. Debtors (Gharimeen)
  7. The way of Allah SWT (fi Sabilillah)
  8. Wayfarer (Ibn-us-sabil)

Zakat must be paid by the one who is:

  • Muslim
  • Major (Baligh)
  • Sane
  • Owner of wealth, above the level of Nisab (Sahib-un-nisaab)

If all the above apply, you have to pay 2.5% Zakat on all of your savings and other applicable assets.

It is not obligatory to pay Zakat on every asset. Only those assets that have the potential of growth or increase are subject to Zakat. These assets may be broadly classified as follows:

  1. Trading Assets.
  2. Cash & Cash Equivalent (like prize bonds, travellers’ cheques etc.)
  3. Gold and Silver
  4. Livestock (goats, sheep, cows, and camels). Nisab for this is different.
  5. Agricultural output (called Ushr)

Only the balanced value of these assets at the end of the year is subjected to Zakat. No Zakat is obligatory on the amount spent over the whole year.

Zakat only becomes obligatory once a full lunar year has passed, providing that your qualifying wealth has been held for one full year. Your Zakat year, therefore, starts on the date your wealth first equaled or exceeded the Nisab and should be calculated on that date for each subsequent year.

Although you can give Zakat at any time of year many Muslims choose to pay their Zakat during the Holy month of Ramadan. This is because the rewards and blessings of giving in this month are far greater than at any other time of the year.