Calculating Zakat can sometimes be complex, but using a Zakat Calculator makes it straightforward and ensures accuracy. Here’s how you can use a Zakat Calculator to determine your obligation:
How to Use the Zakat Calculator
Our Zakat Calculator is simple and user-friendly. Follow these steps to calculate your Zakat:
1. Input Your Assets: Begin by entering the total value of your cash, savings, gold, silver, stocks, and any other applicable assets. Make sure to include all forms of wealth that are subject to Zakat.
2. Deduct Liabilities: Subtract any outstanding debts or liabilities that are due to be paid within the Zakat year. This might include loans, bills, or any other obligations.
3. Calculate Nisab: The calculator will then compare your net assets to the Nisab threshold, which is the minimum amount required for Zakat to be obligatory. The Nisab is based on the value of 87.48 grams of gold or 612.36 grams of silver.
4. Determine Zakat Payable: Once the Nisab is established, the calculator will automatically apply the 2.5% rate to your net assets above the Nisab threshold to determine the total Zakat you need to pay.
