Resources/Zakat Calculator

Zakat Calculator

WHAT IS ZAKAT

Offering zakat is a religious obligation for Muslims, and is the third of the five pillars of Islam (right after prayer). In Arabic, zakat means purification, growth, and blessing. Paying zakat is meant to remind Muslims to be appreciative of the blessings that Allah (Subhana Wa Ta’ala) has bestowed upon them, and to help empower those who have less. There are two primary forms of zakat: zakat al-mal and zakat al-fitr.

ZAKAT ON GOLD

Zakat is payable at 2.5% of the wealth one possesses above the nisab. Nisab, which is equal to 3 ounces of gold, is the minimum amount of wealth one must have before they are liable to pay zakat. *As of January 18, 2021, nisab is estimated to be $5533.95 Zakat is liable on gold, silver, cash, savings, investments, rent income, business merchandise and profits, shares, securities, and bonds. Zakat is not paid on wealth used for debt repayment of living expenses such as clothing, food, housing, transportation, education, etc

Assets and Liabilities

Total of Assets Liable for Zakat:$00

Debts and Expenses

Zakat-Eligible Total:$00
Ensure that Zakat-Eligible Total
Exceeds Nisab

$5,533.95

Your Zakat
(0.025 x Zakat-Eligible Total)

$00