Our Zakat Calculator will help you work out your Zakat Payment. Allowing you to ease the suffering of the world's poorest people.
Zakatable Wealth (Assets).
Your cash assets include all monies in your bank account(s) and at home or on your person. Any interest you have received at the bank is haram and must not be included.
Value of Silver
Nisab Value of Silver as of 27/05/2017: (612.36 grams) approximately £267.
Value of Gold
Nisab Value of Gold as of 27/05/2017: (87.48 grams) approximately £2,783.
Debt Owed to you
If you are owed any debts, and you believe the debt can be recovered on demand, add it here. However, if there is any doubt about when and if you will recover the debt, do not include it here – but include it in the year you actually receive it, and pay zakat for all previous years that the debt was outstanding. If you have already received some of the debt, then zakat is due on this received amount.
The return on cash investments / bonds tends to be ‘fixed-interest’ and as such no zakat is due on this haram income. But zakat must still be paid on the initial sum invested.
If you don’t intend to sell the shares, then zakat is due on dividends you earn from them. However, if you are buying and selling shares, then zakat is due on their current market value.
Any unpaid rent, property payments, invoices, staff salaries or money that you owe etc., that are due or overdue should be excluded.
If you're a Muslim, it's essential that every bit of your offering reaches those who need it most. We are one world, and by paying Zakat, you are fulfilling both a spiritual duty and an obligation as a kind, caring and responsible human being.
Nisab is the minimum amount that a Muslim must have before being obliged to Zakat. Nisab is calculated on the current value of Silver and Gold.