Zakat Calculator – Calculate Your Zakat Online Accurately

Zakat Calculation

What is Zakat?

Zakat is one of the five pillars of Islam and requires Muslims to donate 2.5% of their wealth annually.

It purifies wealth, supports the needy, and promotes social justice.

FAQs:

How is Zakat calculated?

Zakat is 2.5% of one’s total wealth (cash, gold, silver, savings) for one lunar year, provided the quorum is exceeded.

What is the Nisab for Zakat?

The nisab is the minimum amount of money required to pay zakat and is equal to 87.48 grams of gold or 612.36 grams of silver.

Who is eligible to receive Zakat?

It is permissible to give zakat to the poor, the needy, debtors, travellers, and other people mentioned in the Holy Quran.

Can Zakat be paid in advance?

Yes, it is permissible to pay zakat in advance, especially to those in need.

Is Zakat due on gold and silver jewellery?

Zakat is due on gold and silver jewellery if it exceeds the Nisab and is not for personal use.

Do I pay Zakat on my savings?

Yes, it is obligatory to pay zakat on savings, cash, etc., that exceed the quorum.

How is Zakat calculated on investments or stocks?

Zakat is calculated based on the market value of investments or the profits earned, usually at 2.5%.

What if I forget to pay Zakat?

You must pay zakat as soon as you remember, even for missed years.

Can Zakat be given to family members?

Zakat may only be given to deserving relatives who are poor or needy.

Zakat may only be given to deserving relatives who are poor or needy.

Yes, Zakat is payable on recoverable debts if they meet the Nisab criteria.

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