Dynamic Zakat Calculator!
Quick, accurate, and simple Zakat calculation based on your assets and liabilities by fetching live rates of your selected currecny, Gold & Silver.
Dynamic Zakat Calculator
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Silver Rate: $1.00 USD per gram
Currency Rate:
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Enter Your Assets:
How It Works?
Step-by-step guide to using the calculator.
- Step 1: Select Your Currency.
- Step 2: Enter your assets (e.g., cash, gold, silver, investments, etc.).
- Step 3: Add your liabilities (e.g., debts, loans).
- Step 4: Click on Calculate Button, it will fetch live current rates of your selected currency, Gold & Silver for Nisab and will instantly show you the amount of zakat you need to pay.
What is Zakat?
Zakat is one of the five pillars of Islam and refers to the compulsory act of giving a portion of one’s wealth (usually 2.5%) to the poor and needy. It is seen as a way to purify wealth and reduce inequality in society. The term “zakat” itself means “purification” or “growth,” symbolizing both spiritual and social benefits. Muslims are required to pay zakat once their wealth exceeds a certain threshold, known as the nisab.
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Why is Zakat Important?
Zakat plays a critical role in the economic well-being of the Muslim community. It serves as a way of redistributing wealth, ensuring that those in need receive financial support. By paying zakat, Muslims fulfill a religious obligation and contribute to social justice. It also encourages a sense of responsibility and solidarity among Muslims, reminding them of the importance of helping those less fortunate.
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What Is the Nisab Value?
Nisab is the minimum amount of wealth a Muslim must possess for Zakat to be obligatory. If your wealth is equal to or above this threshold, you are required to pay Zakat.
Threshold Details:
Nisab is based on the market value of either:
- 87.48 grams of gold (7.5 tolas)
- 612.36 grams of silver (52.5 tolas)
Users can choose the standard (gold or silver) that is most relevant for their community or financial situation.
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A Beautiful Reminder!
“Take from their wealth a charity by which you purify them and cause them to increase, and invoke Allah’s blessings upon them.”
— Quran 9:103
A Reward That Multiplies
“The example of those who spend their wealth in the way of Allah is like a seed [of grain] that sprouts seven ears, each bearing a hundred grains. And Allah multiplies His reward for whom He wills.”
— Quran 2:261
Learn more about Zakat and its importance on IslamQA.
Key Features
Multiple Currency Support
Our Zakat Calculator supports multiple currencies all over the world.
Current Live Rates
We offer Zakat Calculation while fetching live rates of your selected currency, Gold and Silver.
Want to calculate your Zakat?
Use the Zakat Calculator
FAQs:
Zakat is an obligatory act of charity in Islam, one of the Five Pillars. It requires Muslims to give 2.5% of their qualifying wealth each year to help the less fortunate, purify their earnings, and foster social equality.
Nisab is the minimum amount of wealth a Muslim must possess before Zakat becomes obligatory. It is based on the value of:
Gold: 87.48 grams (approx. 7.5 tolas)
Silver: 612.36 grams (approx. 52.5 tolas)
The current Nisab value is calculated according to the market price of gold or silver. Many prefer using the silver nisab for accessibility and inclusiveness.
Zakat is obligatory for a Muslim if they meet the following conditions:
They possess wealth above the Nisab threshold.
A lunar year (Hijri) has passed since they owned the wealth.
The wealth is free from debts that reduce it below the Nisab level.
Zakat can be given to the eight categories mentioned in the Quran (Surah At-Tawbah 9:60):
The poor (fuqara).
The needy (masakeen).
Those employed to collect Zakat.
Those whose hearts are to be reconciled (new Muslims or allies).
To free slaves (or captives).
Those in debt.
For the cause of Allah (e.g., charitable projects).
Travelers in need.