Zakat Calculator Assets & Liabilities Value in £ Cash at home/bank Savings Business stock Investments / shares Gold & silver Money lent out Other income Deduct debts   Total zakatable amount Your Zakat (=0.025 x Total)

                                                                                                                                                             

Calculate your zakat with the easy to use zakat calculator.

Current monetary nisaab value (23/08/2011)

£510 - Silver valuation (preferred)
£3202 - Gold valuation

To pay the Zakat, one must be a Muslim, sane adult, in possession of the nisab (the minimum amount of wealth that one must have before zakat is payable) for one whole year. See the current monetary nisab value above

Items from which wealth can be derived include: cattle, crops, gold, silver, and merchandise for business. Zakat must be paid on cash deposits held in bank accounts.

Any personal items from which one cannot derive wealth, e.g. cars, utensils, food, clothing, shelter, furniture and which are not to be used for trade, are not included in the calculation of zakat.

One must not only have the minimum amount of nisab but it must have been in one’s possession for one whole year. A lot of people choose Ramadan as the month in which they pay their zakat; both to remember it, and also because the reward for good deeds done in this blessed month is multiplied.

Find out more about Zakat with Islamic Relief