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 is 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 Zakat is Calculated

The calculator uses the Zakat formula:

Where:

• \( Wealth \) — Total savings and assets in Rupees
• \( Nisab \) — Minimum threshold (typically value of 87.48g gold or 612.36g silver)

Explanation: Only wealth above the nisab threshold is subject to zakat. The standard nisab value is approximately 88,000 Rupees (based on gold value).

3. Importance of Zakat

Details: Zakat purifies wealth, supports the less fortunate, and promotes economic circulation in the Muslim community. It is both a spiritual duty and social responsibility.

4. Using the Calculator

Tips: Enter your total wealth in Rupees (cash, savings, investments, gold, etc.) and the current nisab value. The calculator will determine if you owe zakat and how much.

5. Frequently Asked Questions (FAQ)

Q1: What assets are included in zakat calculation?
A: Cash, savings, gold/silver, investments, business inventory, and any other liquid assets you've owned for at least one lunar year.

Q2: Is there a minimum amount for zakat?
A: Yes, you only pay zakat if your wealth exceeds the nisab threshold for a full lunar year.

Q3: How often should zakat be paid?
A: Zakat is paid annually, once your wealth has been above the nisab for a full lunar year.

Q4: Can I pay zakat in advance?
A: Yes, you can pay zakat in advance for coming years if you wish.

Q5: Who is eligible to receive zakat?
A: The poor, needy, zakat collectors, those in debt, travelers, and others specified in the Quran (Surah At-Tawbah 9:60).