Zakat Calculation Formula:
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Zakat is one of the Five Pillars of Islam and is a mandatory charitable contribution for Muslims who meet the necessary criteria of wealth. In Saudi Arabia, the nisab (minimum threshold) is typically based on the value of 85 grams of gold or 595 grams of silver.
The calculator uses the standard Zakat formula:
Where:
Explanation: Zakat is only payable if your total wealth exceeds the nisab threshold for one lunar year (Hawl).
Details: Accurate Zakat calculation ensures fulfillment of religious obligation and proper distribution to eligible recipients (the poor, needy, etc.).
Tips:
Q1: What is the current nisab value in Saudi Arabia?
A: As of 2023, the nisab is approximately 3750 SAR based on silver (595 grams) or about 20,000 SAR based on gold (85 grams).
Q2: What assets are included in zakatable wealth?
A: Cash, gold, silver, business inventory, investments, and other liquid assets. Personal items like home, car, and furniture are exempt.
Q3: When is Zakat due?
A: After one lunar year (Hawl) of owning wealth above nisab. Many Muslims pay during Ramadan.
Q4: Can I deduct debts from my zakat calculation?
A: Yes, immediate debts can be deducted from your total wealth before calculating zakat.
Q5: Where should Zakat be distributed?
A: To the eight categories mentioned in Quran (9:60), primarily the poor and needy, preferably in your local community.