Online Zakaat Calculator from I.T.A Publications

STOP BEFORE PROCEEDING READ DETAILS ABOUT ZAKAT FIRST BY

CLICKING HERE

This calculator will show the ZAKAAT that is due on you. It should work with any currency i.e. Dollars, Pounds, Rupees etc. But please be consistent and use the same currency throughout!

You Need to know the current Market price of Gold and/or Silver. Since these prices change often therefore we are unable to provide them for you. Please contact your local Jeweller. To obtain the value of your Gold or Silver Assets simply multiply the cash value by the weight.

You can also check the Gold and Silver Prices from Kitco in the table below:

You can also convert the USD rates into your local currency by using the calculator below:

Please note that GOLD and SILVER prices are given in OUNCES and not GRAMS, to convert the prices into GRAMS simply divide the PRICE/OUNCE by 28.35! Check FIRST and then enter the price per gram.

NOTE: You will be shown how the Calculations are done so you can do it Yourself (if you like)

WARNING: You Must Follow the Procedure in the same manner as presented, don't skip steps! If you have no value to enter then leave the default "0.00".

Calculate Zakaat

Enter your Cash Assets (i.e. Cash Kept at Bank, home, etc.):
Enter your Gold Assets (Please enter the value and Not the weight):
Enter your Silver Assets (Please enter the value and Not the weight):
Enter Credits (Money owed to you):
Enter Rental Income earned by you (If any):

Enter the value of Shares/Stocks/Bonds at current Market prices:

Enter the value of Dividends received this year:

Enter the Value of Business Stock (at hand paid for) at current Market prices:

Enter the Value of Business Stock (in transit paid for) at current Market prices:

Enter any other income (e.g. Provident Funds etc.):

All Numbers will be added up to give you total Assets

  

Your Total Assets:

Enter Loans (Money you owe to others):

Your Loans are subtracted from Your Total Assets to give your Net Balance

  

This is Your Net Balance:
Enter the Current Price of Gold (per Gram, Not per Ounce):

This value is multiplied by 87.48 (Grams) to give you Gold Nisaab

  
Enter the Current Price of Silver (per Gram, Not per Ounce):

This value is multiplied by 612.36(Grams) to give you Silver Nisaab

  

Nisaab for Gold:
Nisaab for Silver:

If your Net Balance is equal to or greater then either the Nisaab for Gold or Silver and you had this for 1 LUNAR YEAR (12 months, e.g. from LAST RAMADHAN to THIS RAMADHAN) then Zakaat is due. Zakat is ONLY due on the amount that you have had for a year!

PLEASE BEAR IN MIND THAT THERE IS A HUGE DIFFERENCE BETWEEN THE GOLD & SILVER NISAAB WITH SILVER NISAAB BEING MUCH MUCH LOWER! ZAKAAT IS DUE IF YOU EXCEED THE LOWEST ONE OF EITHER OF THE TWO!

  

If there is No Zakaat due, you can Exit the Procedure at this Point.

  

Amount of Zakaat you Pay

If Zakaat is due on you then Multiply the Net Balance by 0.025