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 typically 2.5% of a Muslim's total savings and wealth above the nisab threshold.

2. How is Zakat Calculated in Qatar?

The calculator uses the standard Zakat formula:

Where:

• Wealth — Total savings, investments, gold, silver, and cash equivalents (QAR)
• Nisab — Minimum threshold (typically the value of 85g of gold, about 19,403 QAR as of 2023)
• 2.5% — Standard Zakat rate

Explanation: Zakat is only payable when your wealth exceeds the nisab threshold for one lunar year.

3. Importance of Zakat Calculation

Details: Accurate Zakat calculation ensures Muslims fulfill their religious obligation correctly, purify their wealth, and support those in need according to Islamic principles.

4. Using the Calculator

Tips: Enter your total wealth in QAR and the nisab threshold (default is set to current gold value). The calculator will determine if you owe Zakat and how much.

5. Frequently Asked Questions (FAQ)

Q1: What counts as wealth for Zakat calculation?
A: Cash, savings, investments, gold, silver, business inventory, and other liquid assets after deducting immediate debts.

Q2: How often should Zakat be paid?
A: Zakat is due annually once your wealth exceeds the nisab for one lunar year (Hawl).

Q3: What is the current nisab value in Qatar?
A: Based on gold prices, the nisab is approximately 19,403 QAR (value of 85g of 24k gold as of 2023).

Q4: Are there different nisab values?
A: Yes, nisab can be calculated based on gold or silver values. The gold standard is more commonly used in Qatar.

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