Your Zakat Calculator

What do i need?

To use our Zakat calculator to work out how much Zakat you are liable for, please make sure that you have information about your assets – this includes cash, whether in hand (although you can deduct living expenses) or in bank accounts; money you have lent to someone; business investments; stocks and shares: pensions; value of crops; money from property investment and gold and silver. We use the value of silver to work out the nisaab threshold. The value of your personal items (your home, furniture, cars, food, clothing) are not included in the Nisaab. Zakat is liable after one Islamic (lunar) year and can be paid as a full or regular monthly payments. If you are uncertain about what elements to include or exclude, please take expert advice from your local imam, a learned scholar or shaykh.

VISIT FAQS

Enter Below, Your Total Assets From The Past Lunar Year, That Apply To You.

YOUR ASSETS

Value of Gold

Gold in any form is subject to Zakat

Value of Silver

Silver in any form is subject to Zakat

Cash in hand / in bank accounts

Any money you have immediate access to

cash deposited for future purpose

e.g. Saving for Hajj or to buy a house

Given out in loans

Money owed to you that will be returned

other investments

Shares, unit trusts and equity investments that give you profit

Trade Goods

Value of Stock

The value of anything you intend to sell and make a profit

Liabilities

Borrowed money / items bought on credit

Any money that is owed to others

wages due to employees

Any staff salaries that are due or overdue

Taxes / Rent / Utility Bills Due immediately

Any bills that are due or overdue

Calculate my Zakat

Total Assets For your lunar year

Zakat Payable For your lunar year

What is Zakat?

Zakat, the giving of alms to the poor and needy, is one of the Five Pillars of Islam (the others are declaration of faith, prayer, fasting in Ramadan and Hajj). It is obligatory upon every adult Muslim of sound mind and means. Donate your Zakat today with Islamic Help and empower those in need. The individual must own a specific amount of wealth or savings (after living costs, expenses etc). This is referred to as Nisaab and is the threshold at which Zakat becomes payable. The amount of Zakat to be paid is 2.5% of Nisaab.

“The alms are only for the Fuqara’ (the poor), and Al-Masakin (the needy) and those employed to collect (the funds); and to attract the hearts of those who have been inclined (towards Islam); and to free the captives; and for those in debt; and for Allah’s Cause, and for the wayfarer (a traveller who is cut off from everything); a duty imposed by Allah. And Allah is All-Knower, All-Wise.”

[AL-QURAN 9:60]

“They ask you as to what they should spend. Say: Whatever wealth you spend, it is for the parents and the near of kin and the orphans and the needy and the wayfarer, and whatever good you do, Allah surely knows it.”

[AL-QURAN 2:215]

Is Zakat obligatory?

Zakat is obligatory on every Muslim who is of sound mind and able means, possessing wealth above the Nisaab – this is the threshold or minimum amount of wealth a Muslim must possess before Zakat becomes payable. Whilst the value of eligible goods and items can vary throughout the year, Zakat is based on the Nisaab at the end of the individual’s full Islamic (lunar) year.

Why do we donate Zakat?

Zakat is not charity. It is not voluntary charity nor is it a tax. It is an obligation. By giving Zakat, a Muslim is acknowledging that everything we have is Allah’s and we do not really own it, and we should use it to remember Allah and help those who are in need. It is also an act to help free us from excessive desire and greed, and to learn self-discipline and honesty.

When should we donate Zakat?

You should record the Islamic date on which you first became the owner of Nisaab – if, on the same date the following lunar year, you are still the owner of Nisaab, you will be obliged to pay Zakat. Many Muslims choose to give it during Ramadan as the rewards for good deeds performed in Ramadan are greater than in any other month.

Who can receive Zakat?

Zakat can only be paid to specific beneficiaries and projects.
The Qur’an mentions eight groups of people on who Zakat should be spent: (Surat At-Tawbah 9:60)

1. The Fuqara’ (the poor)

2. Al-Maskin (the needy)

3. Aamileen (Zakat collector)

4. Muallafatul Quloob (poor and needy who recently converted to Islam)

5. Ar-Riqaab (slaves; Zakat can be used to purchase their freedom)

6. Ibnus-Sabeel: A stranded traveller in need of financial assistance.

7. Al Ghaarimeen: A debtor

8. Fi Sabeelillah: Those who are away from home in the path of Allah

How is Zakat calculated?

Assets to include in your Zakat calculation are cash (in hand, in bank accounts or money lent to someone), shares, pensions, gold and silver. Personal items (your home, furniture, cars, food, clothing) are not included in Nisaab. There are two measures to determine Nisaab – gold (3 ounces or 87.48 grams, or its cash equivalent) or silver (21 ounces or 612.36 grams, or its cash equivalent). Have you tried our Zakat Calculator?

How is Nisaab measured?

There are two measures to determine Nisaab – gold (3 ounces or 87.48 grams, or its cash equivalent) or silver (21 ounces or 612.36 grams, or its cash equivalent). Many scholars recommend using silver as it means more people qualify for paying Zakat, which will help support even more people in need. Assets to include in your Zakat calculation are cash (in hand, in bank accounts or money lent to someone), shares, pensions, value of crops, money from property investment and gold and silver. Personal items, such as your home, furniture, cars, food or clothing are not included in Nisaab.

Zakat can be paid in full at one time, or as regular monthly payments.

Use our Zakat calculator to find out how much Zakat you have to pay. The Nisaab value is based on the value of silver.

Should I use gold/silver to calculate Nisaab?

While it is permissible to use either gold or silver to calculate Nisaab, many scholars recommend using silver as more people paying Zakat means more of the poor and needy benefit.

Gold:

For example, if the price of a gram of gold was £40, the Nisaab on which Zakat is due would be £3,499.20 (40 x 87.48). So anyone who has £3,499.20 or more in savings will have to pay 2.5% Zakat on that (minimum Zakat will be £87.48).

Silver:

if the price of silver was 60p (£0.60), the Nisaab (0.06 x 612.36) on which Zakat is due is £367.42. So anyone who has £376.42 or more in savings will have to pay 2.5% Zakat on that (minimum Zakat will be £9.19).

Gold:

For example, if the price of gold is £20 a gram, the Nisaab (£20 x 87.48) on which Zakat is due is £1,749. So anyone who has £1,749 or more in savings will have to pay 2.5% Zakat on that (minimum Zakat will be £43.73).

Silver:

if the price of silver is £1 a gram, the Nisaab (£1 x 612.36) on which Zakat is due is £612.36. So anyone who has £612.36 or more in savings will have to pay 2.5% Zakat on that (minimum Zakat will be £15.31).

The simplest and easiest way to fulfil your obligation of Zakat is to use our Zakat Calculator.

Our Zakat Calculator is designed to help you work out how much Zakat you have to pay, in a very simple way. Even if you need to calculate your Zakat contribution based on your salary, we’ve made it very easy to work it out. You can read about the importance of Zakat

Our Zakat Calculator will show the up to date Nisaab figure and automatically calculate how much Zakat is due based on the information you provide.

Is Zakat Obligatory?

Zakat is obligatory on every Muslim who is of sound mind and able means, possessing wealth above the Nissab – this is the threshold or minimum amount of wealth a Muslim must possess before Zakat becomes payable. Whilst the value of eligible goods and items can vary throughout the year, Zakat is based on the Nisaab at the end of the individual’s full Islamic (lunar) year.

How is Nisaab Measured?

There are two measures to determine Nisaab – gold (3 ounces or 87.48 grams, or its cash equivalent) or silver (21 ounces or 612.36 grams, or its cash equivalent).

Many scholars recommend using silver as it means more people qualify for paying Zakat, which will help support even more people in need.

Based on today’s (March 2020) value of gold (87.48 grams), the nisaab is £3,523.70.

Based on today’s value of silver (612.36 grams), the nisaab is £259.03

Assets to include in your Zakat calculation are cash (in hand, in bank accounts or money lent to someone), shares, pensions, value of crops, money from property investment and gold and silver. Personal items, such as your home, furniture, cars, food or clothing are not included in Nisaab.

Zakat can be paid in full at one time, or as regular monthly payments.

Use our Zakat calculator to find out how much Zakat you have to pay. The nisaab value is based on the value of silver

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