What is Zakat and who must pay it?

Zakat is the obligatory annual charity in Islam, one of the Five Pillars. It's required for every adult Muslim who owns wealth exceeding the Nisab threshold (minimum amount) for one lunar year. Zakat purifies wealth and supports those in need, typically calculated as 2.5% of qualifying assets after accounting for essential needs and debts.

What is the Nisab threshold for Zakat?

The Nisab is the minimum wealth threshold that makes Zakat obligatory. It's traditionally based on the value of 87.48 grams of gold or 612.36 grams of silver. Most scholars today use the gold standard (approximately $5,000-$6,000 depending on gold prices). If your wealth exceeds this amount for one lunar year, Zakat becomes due on the total.

What assets are included in Zakat calculations?

Zakat applies to: 1) Cash and bank balances, 2) Gold, silver, and jewelry (above personal use), 3) Business inventory and assets, 4) Investments and stocks, 5) Rental properties intended for sale, 6) Agricultural produce, and 7) Livestock (with specific rules). Personal items like home, car, and daily wear jewelry are generally exempt.

How is Zakat calculated on different types of wealth?

Zakat is typically 2.5% of total qualifying wealth held for one lunar year. Different assets have specific rules: Cash/savings: 2.5% of total, Gold/silver: 2.5% of market value, Business inventory: 2.5% of market value, Investments: 2.5% of value, Agricultural produce: 5-10% depending on irrigation method. Our calculator handles these variations automatically.

When is the best time to pay Zakat?

Zakat is due annually after one lunar year of owning wealth above the Nisab. Many Muslims pay during Ramadan for greater blessings, but it can be paid anytime after becoming due. It's recommended to calculate and pay Zakat consistently each year, either on the Islamic date when wealth first reached Nisab or during Ramadan for convenience and blessing.

Zakat Calculator - Smart Unit Calculator

Zakat Calculator 2024 | Accurate Zakat on Gold, Silver, Cash & More | aquamarine-scorpion-269423.hostingersite.com

حاسبة الزكاة

Zakat Calculator 2.0

Calculate your Zakat accurately for 2024 with our comprehensive calculator. Includes gold, silver, cash, business assets, investments, and Nisab verification.

2.5%

Zakat Rate

85g

Gold Nisab

595g

Silver Nisab

$4,863

Gold Value (Nisab)

Select Currency

Choose your preferred currency for calculations

Calculate Your Assets

Gold Assets

🥇

Gold Jewelry (Grams)

Current price: $68.40/g

Gold Bars/Coins (Grams)

Other Gold Assets (Value)

Cash & Bank

💵

Cash in Hand

Bank Savings

Fixed Deposits

Silver Assets

🥈

Silver Jewelry (Grams)

Current price: $0.78/g

Silver Coins/Bars (Grams)

Other Silver Assets

Business & Investments

📈

Business Stock/Inventory

Stocks & Shares

Other Investments

Receivables & Property

🏠

Money Owed to You

Only if likely to be repaid

Rental Properties (Value)

Other Assets

Liabilities & Debts

📉

Immediate Debts

Due within 1 year

Business Debts

Other Liabilities

Nisab Eligibility Check

Checking…

The Nisab is the minimum amount of wealth one must have before they are liable to pay Zakat. It is based on the value of 85 grams of gold or 595 grams of silver.

Your Total Wealth

$0.00

Gold Nisab Value

$0.00

Silver Nisab Value

$0.00

Nisab Requirement

Gold Standard

Your Zakat Calculation Results

Based on your assets and current market values

Total Assets

$0.00

All your combined wealth

Total Liabilities

$0.00

Debts & obligations

Net Wealth

$0.00

Assets minus liabilities

Zakat Rate

2.5%

Standard Islamic rate

Your Zakat Payable

$0.00

Not eligible for Zakat

Recommended Charities for Zakat

Here are some verified Islamic charities where you can pay your Zakat

Islamic Relief

Global humanitarian organization providing emergency relief, sustainable development, and advocacy for vulnerable communities.

Muslim Hands

International relief and development organization working in over 50 countries to alleviate poverty and suffering.

Human Appeal

Providing humanitarian aid, sustainable development, and emergency response to those in need worldwide.

Always verify the authenticity and credentials of any charity before donating.

Frequently Asked Questions

What is Nisab?

Nisab is the minimum amount of wealth a Muslim must possess before they are obligated to pay Zakat. It is equivalent to the value of 85 grams of gold or 595 grams of silver.

What assets are Zakatable?

Zakat is payable on gold, silver, cash, business assets, investments, and agricultural produce. Personal items like your home, car, and furniture are generally not Zakatable.

When should I pay Zakat?

Zakat should be paid once every lunar year after your wealth has reached the Nisab threshold. Many Muslims pay during Ramadan for increased blessings.

Can I deduct debts?

Yes, immediate debts (due within one year) can be deducted from your total assets when calculating Zakat. Long-term debts like mortgages are treated differently.

What about business inventory?

Business stock and inventory intended for sale are Zakatable at their current market value. Calculate based on what you would sell them for, not purchase price.

Is Zakat due on retirement funds?

Retirement funds (401k, IRA, etc.) are Zakatable only on the portion you can access without penalty. Consult with a scholar for your specific situation.

About Our Specialized Conversion Tools

SUC

Technical Tools Team at Smart Unit Calculator

Our multidisciplinary team of engineers and technical specialists develops and maintains this comprehensive collection of tools for converting niche and specialized units across science, engineering, and technical fields.

Broad Technical Coverage

Accurate conversions for torque, density, viscosity, angular velocity, and other specialized units essential for engineering, physics, and technical applications.

Multi-Disciplinary Utility

Tools designed for mechanical engineers, lab technicians, researchers, and DIY enthusiasts working across physics, chemistry, mechanics, and technical design.

Torque & Force

Density & Viscosity

Angles & Rotation

Energy & Fuel

Standardized Technical Formulas

These specialized converters use established scientific and engineering formulas, ensuring reliable results for technical specifications, research papers, and practical applications.

Technical Reference Disclaimer

These specialized conversion tools are for informational, educational, and planning purposes. For critical engineering design, scientific research, or safety-related applications, always consult official standards and verify calculations with appropriate technical resources.

Was this calculator helpful? ⭐

Help us improve accuracy by sharing your experience. Real user reviews only.

⭐ How accurate did you find this calculator?
🧠 Was the result easy to understand?
⚙️ Did this tool save you time?
💬 Any suggestion to improve this calculator?