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ZAKAT CALCULATOR

Calculate and Pay/Donate Your Zakat Using the Latest Nisab Values

The alms are only for the poor and the needy and those employed to collect (the funds); and to attract the hearts of those who have been inclined (towards Islam); and to free the captives; and for those in debt; and for Allah’s Cause, and for the wayfarer (a traveler who is cut off from everything); a duty imposed by Allah. And Allah is All-Knower, All-Wise. [Al-Quran 9:60]

Zakat, the giving of alms to the poor and needy, is one of the five pillars of Islam.  It is obligatory upon every adult Muslim of sound mind and means.

Excluding living costs, expenses etc, an individual must own a specific amount of wealth or savings for over 1 year. This is referred to as Nisaab and is the threshold at which Zakat becomes payable. The amount of Zakat to be paid is 2.5% of Nisaab .

Gold Nisab

The Zakat payable on the Gold you own is 2.5% of its value. On average, a gram of Gold costs £43.30.

Therefore, the Zakat you’re due to pay is: £1.08 per Gram, £12.25 per tola/bori (11.34g).

Silver Nisab

Silver: The nisab by the silver standard is 21 ounces of silver (612.36 grammes) or its equivalent in cash. This is approximately £223.

£0.36/g silver

Your Income

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.

The nisab by the silver standard is 21 ounces of silver (612.36 grammes) or its equivalent in cash. This is approximately £223. £0.36/g silver
The Zakat payable on the Gold you own is 2.5% of its value. On average, a gram of Gold costs £43.30 Therefore, the Zakat you’re due to pay is: £1.08 per Gram, £12.25 per tola/bori (11.34g).

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.

The return on Property which is given on rent.

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.

Liabilities

Please enter any debt that you have

Breakdown of your amount due:

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