Zakat is one of the Five Pillars of Islam, a mandatory act of worship and a form of obligatory charity. It is a spiritual discipline that helps a Muslim to understand the value of wealth and to protect themselves from greed. Zakat means "that which purifies." By giving Zakat, Muslims purify their remaining wealth and gain spiritual benefit.
The general rule for calculating Zakat is to give 2.5% (one-fortieth) of your total eligible wealth that has been in your possession for a full lunar year. This calculation applies to wealth that meets the Nisab threshold, which is the minimum amount of wealth a Muslim must possess before Zakat becomes obligatory.
What Assets Are Typically Included?
Cash in hand and in bank accounts.
Gold and silver (both in jewelry and bullion).
Business assets (inventory, receivables, cash, machinery if intended for sale).
Investments like stocks, bonds, and mutual funds (depending on scholarly opinion, often based on the intent of investment and potential for growth).
Net rental income from properties (after deducting expenses).
Agricultural produce and livestock (subject to specific Nisab and rates).
What Assets Are Typically Excluded or Handled Differently?
Personal belongings and assets used for basic needs (e.g., primary residence, personal vehicle, household items).
Debts: Whether debts reduce the Zakat amount is a matter of scholarly debate. Many scholars allow deducting immediate and short-term debts from one's Zakat-calculable wealth. This calculator follows the practice of deducting debts.
Assets not owned for a full lunar year.
How to Use This Calculator:
Enter the total amount of your savings, including cash and money in bank accounts.
Enter the current market value of any gold and silver you possess.
Sum up the value of all your business assets, such as inventory, cash in business accounts, and outstanding payments owed to you.
Enter the current market value of your investments (stocks, bonds, mutual funds, etc.).
If you own rental properties, enter the net income generated from them after deducting all expenses.
Enter the total amount of your immediate debts that you are obligated to pay soon. This calculator will subtract these from your total wealth.
Click "Calculate Zakat" to see the amount you owe.
The standard Zakat rate on most assets is 2.5%. For certain agricultural produce and livestock, different rates and Nisab thresholds apply, which are not covered by this general calculator. It is always advisable to consult with a knowledgeable scholar for complex financial situations.
Example: If your total calculated wealth (after deducting debts) is 30,000 (in your currency), your Zakat due would be 2.5% of 30,000, which is 750.
function calculateZakat() {
var savings = parseFloat(document.getElementById("savings").value) || 0;
var goldValue = parseFloat(document.getElementById("goldValue").value) || 0;
var silverValue = parseFloat(document.getElementById("silverValue").value) || 0;
var businessAssets = parseFloat(document.getElementById("businessAssets").value) || 0;
var investments = parseFloat(document.getElementById("investments").value) || 0;
var realEstateIncome = parseFloat(document.getElementById("realEstateIncome").value) || 0;
var debts = parseFloat(document.getElementById("debts").value) || 0;
var totalAssessableWealth = savings + goldValue + silverValue + businessAssets + investments + realEstateIncome;
// Deduct debts as per common scholarly opinion
var netWealth = totalAssessableWealth – debts;
// Ensure net wealth is not negative
if (netWealth < 0) {
netWealth = 0;
}
// Zakat rate is 2.5% (0.025)
var zakatRate = 0.025;
var zakatDue = netWealth * zakatRate;
// Display the result
var resultElement = document.getElementById("result");
if (netWealth === 0) {
resultElement.innerText = "Your Zakat Due: 0.00 (Your net wealth is below the Nisab threshold or after deducting debts).";
} else {
// Format to two decimal places for currency representation
resultElement.innerText = "Your Zakat Due: " + zakatDue.toFixed(2);
}
}