Zakat
Understanding and Calculating Your Zakat Obligation
Zakat is one of the Five Pillars of Islam. It is an obligation for all Muslims who have reached the age of maturity and possess wealth above a certain threshold (Nisab) for one lunar year.
What is Zakat?
Zakat is 2.5% of the value of your property and money paid to the needy and poor. It is a charity Allah has obligated upon Muslims who meet the obligatory criteria of wealth after a lunar year has passed.
Purpose of Zakat
Zakat serves as a social safety net for those in need, a way to improve the quality of life for everyone, and a way to support the advancement of Muslims and Islam. When appropriately implemented, zakat ought to have a long-term effect on the condition of the entire Muslim population.
2.5%
Standard Zakat Rate on Wealth
Categories of Zakat
Gold
The amount of gold that requires Zakat is around 85 grams or more when this amount remains unchanged in one's possession for one full lunar year. The required Zakat is 2.5%.
Silver
Silver requires Zakat to be paid when it reaches 595 grams or more and remains unchanged for a full lunar year. The required Zakat is 2.5%.
Cash & Currency
When it is worth the amount of gold or silver that requires Zakat and remains above the Nisab value for a full lunar year. Zakat required is 2.5%.
Business Trade
Requires 2.5% Zakat to be paid on business merchandise when they remain a full year without decreasing below the Nisab amount.
Livestock
The calculation of Zakat on livestock is based on the total number of animals owned. Zakat would be paid accordingly, and in the form of animals.
Crops & Grains
If the crop is watered without much effort, 10% Zakat is due. If watered with effort (wells/irrigation), 5% Zakat is required.
Sadaqah
The Prophet (PBUH) taught us that Sadaqah extinguishes sins just as water extinguishes fire. It is a remarkable gift from Allah that not only protects your successes but also showers blessings upon you during hardships.
Zakat Calculator
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Note: This calculator provides an estimate. Please consult with an Islamic scholar for accurate Zakat calculations based on your specific circumstances.