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Zakat Eligibility & Method to Evaluate and Calculate

by Shahnawaz Khan Sun, 27-Apr-2025 Zakat 👁 138 views
Instructions:

If a person possesses 612.35 grams of silver or 87.479 grams of gold or any currency that equals the value of this amount of gold or silver, and this wealth remains in his possession for a complete year, then on the expiry of this year it will be wajib on him to give zakaat for it. Check your Eligibility ↣

A Simple Method to Calculate Zakat on Yearly basis
When was the first time your savings surpassed the Nisab value?
Which Nisab for you?
The amount of gold or silver that has been mentioned above is commonly referred to as the "nisaab" of gold or silver. Now, if your savings include only Gold (i.e. you don't have any other savings except gold (which is very rare)), then the amount of Gold is your Nisab. Otherwise, use Silver as your Nisab. For almost everyone, the Cash value of Silver would be used as Nisab.
Still not sure, if you are eligible?
Recall, when was the first time; when you had a total savings (including cash, silver, gold, bank-balance, and the things which you have purchased for the sole purpose of selling, subtract all the debts you have to pay from it) exceeded your Nisab?
Identify the Lunar (or Hijri) Date
Note down the lunar date of that day, let's say it was 10th of Ramadan, 1445 AH. This is your Zakat calculation date.
Zakat Calculation and Payment time
Wait 1 year, that is till 10th of Ramadan, 1446 AH. This is your Zakat Calculation time, regardless if there has been something in your possession for a year or not. Whatever the amount you get, you should pay as soon as you can.
Use our Zakat Calculator ↣, to calculate your Zakat amount based on the assets you own on your Zakat calculation date.

Zakat Calculator

How do We Calculate? What Assets to Include?
We calculate based on your total savings (including cash, silver, gold, bank-balance, and the things which you have purchased for the sole purpose of selling), and subtract all the immediate debts you have to pay from it.
We neither store nor share your information with anyone. Please only fill whatever applies to you. Leave the rest to Zero.

Zakat on Gold, Silver, Precious Stones and Precious Metals*

Please enter the amount (in US Dollars) and Weight (in grams) for the items that you own. This is primarily for the ease of access to Gold and Silver Prices, if you can convert these prices into your local currency, then using USD is not necessary. In short, use the same currency everywhere either your local currency or USD.
Get 24K Gold/gram price
†Approximate prices will be calculated.
Get per KG Price
(Stones in possession such as diamonds, rubies, etc.)
*Precious Metal, for more details on Zakat on Precious Metal (such as Copper, etc.), read metal section here ↣
Amount Currency
Zakat Currency

Zakat on Cash in Hand/Savings, Investments, and Fixed Assets etc.

Please enter all amounts in the same currency as Gold and Silver Prices. Please only fill whatever applies to you. Leave the rest to Zero.
(which you've purchased with the sole intention to sell)
(Given loans. Expected to Receive Within One Year)
Zakat Payable on Cash in Hand/Savings, Investments, and Fixed Assets etc.
Amount Currency
Zakat Currency
Notes: *Scholars have difference of opinions on the ruling on Zakat for Takaful (Islamic Insurance) and commercial (conventional) insurance. While Zakat in both cases will be paid only on the amount you have paid so far. Interest (riba) is impermissible in all cases. The primary reasons for the conventional insurance to be problematic is due to the presence of elements like riba (interest), gharar (uncertainty), and maysir (gambling).
  • In the case of a rental property, you only have to pay Zakat on the rental income minus the expenses related to the rental income. Considering you did not purchase this property for the pure intention of selling.
  • For property with the prime motivation of capital appreciation and with the intention to resell in this Zakat year, then include the total market value of the property.
  • Your personal property and fixed assets (like car, bike, home appliances, etc.) are not subject to Zakat.
  • For property other than your home, which is purchased for long-term investment without intention to resell, then Zakat is due on saved rental income only.

Zakat on Business and Shares in Partnerships

Please enter all amounts in the same currency as Gold and Silver Prices. Please only fill whatever applies to you. Leave the rest to Zero.
(Calculate your share if partnership-based business)
(Estimate the Profit Value as it is difficult to get exact figures in the middle of Accounting Year)
Zakat Payable on Business and Shares in Partnerships
Amount Currency
Zakat Currency
  • According to the percentage that you own of the business, total value of inventory (wholesale price of all assets that were purchased for resale)
  • Total value of finished goods based on your share percentage
  • Total value of work in progress and cost of raw materials is Zakatable assets.
  • Long Term: For halal-compliant shares that are purchased for long-term investment to generate dividends, without intention to resell, then only the dividend income is added to your Zakatable assets.
  • Short Term: If halal-compliant shares are purchased for capital appreciation with the intention to resell, in the case of day trading or short term trading, then the total of their market value is added to your Zakatable assets.
  • If you are cashing out halal-compliant shares, the amount remaining after taxes and fees, is added to your Zakatable assets.

Zakat on Agricultural Produce

Please enter all amounts in kilograms (kg). Please only fill whatever applies to you. Leave the rest to Zero.
kg
kg
kg
Zakat Payable on Agricultural Produce
Zakat kg
  • Nisab for agricultural produce is five wasqs (equivalent to 653 kilograms). "No zakat is due on less than five wasqs."?
  • Zakat becomes obligatory on stored crops (like grains) and fruits when they reach the nisab.
  • It must be among the types of grains and fruits that are measurable and storable.
  • Perishable fruits that are not typically stored, like melons, figs, peaches, pomegranates, and vegetables, are generally not subject to Zakat unless they are held for trade.
  • The crops and fruits must be cultivated with human effort (machine can/will be used but not 100% machines).

Zakat on Immediate Liabilities

Please enter all amounts in the same currency as Gold and Silver Prices. Please only fill whatever applies to you. Leave the rest to Zero.
(including outstanding or overdue living expenses, such as rent payments, utility bills, food, and other bills.)
(including outstanding or overdue living expenses, such as food, and other bills.)
Zakat Deductibles based on immediate expenses.
Amount Currency
  • business expenses including rent, bills, salaries, even if they are outstanding or overdue.
  • outstanding short term loans that are due in less than 1 lunar year and you actively intend to pay back
  • For example, Loans taken from from Friends / Relatives
  • For long term debt, deduct only the immediate month’s principal (non-interest) portion.*
    * There is a difference of opinion that allows the non-interest or principal portion of the upcoming lunar year’s worth of payments to be deducted.
  • For goods purchased on credit, use the total value of the goods while adding to the business expenses.
Total Amount Currency
Currency
Please do not hesitate to contact us if you have any questions.
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