Zakat Calculator2018-05-25T23:44:12+00:00

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 May 21, 2018, nisab is estimated to be $3836.57 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.

Zakat Calculator

Assets and Liabilities
Value in U.S. Dollars
Cash at Home
Balance Held in Bank Accounts
Resale Value of Shares
Merchandise & Profits
Gold & Silver (at current value)
Property Held as Investment
Other Income
Total of Assets Liable for Zakat
Deduct Debts
Deduct Expenses
Zakat-Eligible Total
Ensure that Zakat-Eligible Total Exceeds Nisab
Your Zakat (0.025 x Zakat-Eligible Total)