How Zakat is calculated
Zakat is 2.5% (one fortieth) of your net zakatable wealth, due once it has been in your possession for one full lunar year (hawl) and exceeds the nisab threshold. This calculator adds your zakatable assets, deducts immediate debts, checks the total against nisab, and applies the 2.5% rate.
What counts as zakatable wealth?
- Cash — in hand, bank accounts, and savings in any currency
- Gold and silver — jewellery, coins and bars (by weight × today's price)
- Investments — shares, funds and crypto held as assets
- Business assets — trade inventory and goods for sale (not equipment or premises)
- Receivables — money owed to you that you expect to receive
Your home, car, furniture and personal items are not zakatable. Debts due immediately (bills, instalments due now) are deducted first.
Gold nisab vs silver nisab
Nisab is the minimum wealth at which Zakat becomes due: 87.48 grams of gold or 612.36 grams of silver. Because silver is far cheaper, the silver nisab is a much lower threshold — many scholars advise using it when your wealth is a mix of cash and other assets, as it's safer for those who would benefit from your Zakat.
When do I pay Zakat?
After your wealth has stayed above nisab for one full lunar year. Many people fix a date (often in Ramadan) and calculate annually on that date.
Is Zakat due on my salary?
Not on income as it arrives — but whatever remains saved on your Zakat date counts as part of your zakatable wealth.
Do I pay Zakat on jewellery I wear?
Schools of thought differ: the Hanafi view is that gold and silver jewellery is zakatable; others exempt personal-use jewellery. Include it to be safe, or ask a scholar you trust.
Is this calculator a religious ruling?
No — it does the arithmetic using widely accepted values. For unusual situations (partnerships, pensions, agricultural wealth), consult a qualified scholar.