1. What is Zakat?

Zakat is one of the Five Pillars of Islam, an obligatory form of almsgiving for Muslims who meet the necessary criteria of wealth. It's a fixed percentage (2.5%) of a Muslim's total savings and wealth above the nisab threshold that is given to the poor and needy.

2. How Is The Amount Of Zakat Calculated?

The calculator uses the Zakat formula:

Where:

• \( Wealth \) — Total wealth including cash, gold, investments, etc.
• \( Nisab \) — Minimum threshold amount (varies by currency and time)
• \( 2.5\% \) — Fixed Zakat rate

Explanation: Zakat is only payable when one's wealth exceeds the nisab threshold for a full lunar year. The calculation is based on the wealth above this threshold.

3. Importance of Zakat in Islam

Details: Zakat purifies wealth, helps redistribute resources in society, and fulfills a religious obligation. It's considered both a spiritual duty and an economic tool for social welfare.

4. Using the Calculator

Tips: Enter your total wealth and the current nisab value in your currency. The calculator will determine if you owe Zakat and how much. Remember Zakat is only due if your wealth exceeds nisab for a full lunar year.

5. Frequently Asked Questions (FAQ)

Q1: What is included in wealth for Zakat calculation?
A: Cash, gold, silver, business inventory, investments, and other liquid assets. Personal items like home and car are generally excluded.

Q2: How often should Zakat be paid?
A: Zakat is paid once every lunar year (Hijri year) when one's wealth exceeds the nisab threshold.

Q3: What is the current nisab value?
A: Nisab is typically equivalent to 87.48 grams of gold or 612.36 grams of silver. Check current values in your local currency.

Q4: Are debts deducted from wealth?
A: Yes, immediate debts can be deducted from total wealth before calculating Zakat.

Q5: Who is eligible to receive Zakat?
A: The Quran specifies eight categories including the poor, needy, those in debt, and travelers in need.