Use this zakat calculator to work out how much zakat you owe on your cash, savings, gold, silver and business assets. Enter your amounts, and the calculator shows your total zakatable wealth and the zakat due.
How Zakat Is Calculated
Zakat is 2.5% of your total zakatable wealth, once your wealth has stayed above the nisab for one full lunar year. Add up your cash, savings, gold, silver, business inventory and investments, subtract your immediate debts, and then take 2.5% of what remains.
What Is Nisab?
Nisab is the minimum amount of wealth after which zakat becomes due. It is commonly set at about 87.5 grams of gold or about 612 grams of silver. Because the value of gold and silver changes, the nisab in your currency changes as well, so always use the current market price. Scholars differ on whether to use the gold or silver nisab, so follow the opinion your local scholar recommends.
What Is Zakat Paid On?
- Cash in hand and money in bank accounts
- Gold and silver, including jewellery in many opinions
- Business stock and trade goods
- Savings, investments and money owed to you that you expect to receive
What Is Not Included?
In general, items for personal use are not included, such as the home you live in, your personal car and everyday household items. If you are unsure about a specific asset, ask a qualified scholar.
Frequently Asked Questions
How much is zakat?
Zakat is 2.5% of your zakatable wealth, provided you have held it above the nisab for a full lunar year.
Do I pay zakat on gold jewellery?
Many scholars say zakat is due on gold and silver jewellery, while some opinions differ. Check with a scholar you trust for your situation.
Can I pay zakat in Ramadan?
Yes. Many people pay zakat in Ramadan for extra reward, but you can pay on the date your zakat year completes.
Are debts deducted before calculating zakat?
Debts that are due soon are generally deducted from your zakatable wealth. The details can vary, so ask a scholar if your situation is complex.