Calculate your Zakat now!
Your zakat is powerful, so use it for good this Ramadan. Our commitment to you this Ramadan and every Ramadan is that we will ensure it gets to those most in need.
Zakat is payable at 2.5% of the wealth one possesses above the Nisab. Nisab, which is equal to 3 ounces of gold, is the minimum amount of wealth one must have before they are liable to pay zakat. *The nisab amount listed is based on the latest available report for March 2020 (note: This number may change daily depending on fluctuations in the gold exchange rate). Zakat is mandatory on gold, silver, cash, savings, investments, business merchandise and profits, shares, securities and bonds. Zakat is not paid on wealth used for debt repayment of living expenses such as clothing, food, housing, transportation, education, etc.
Below you'll find some FAQs about our campaign. If you have any more questions, please feel free to chat with our team.
What is the meaning and purpose of zakat?
Zakat is not only a means to purify one’s wealth but it is also a spiritual purification which serves as a means to draw an individual closer to God. As one of the scholars said, “the soul of one who gives zakat is blessed and so is his wealth”. It is quite clear from the above narration that in addition to being a moral obligation, Zakat is also a spiritual one which is why millions of Muslims every year give Zakat to the poor.
'In their wealth there is a known share for the beggars and the destitute.’ (70:24-25)
What is nisab?
Nisab is equivalent to the current value of 3 ounces of gold or 21 ounces of silver. The nisab we’ve calculated for our Zakat Calculator is based on the most-recent report available to us (disclaimer: this number may change daily depending on fluctuations in the gold exchange rate).
What is hawl?
Who is obligated to pay zakat?
Must I have the intention to pay zakat for it to be accepted?
What kinds of wealth are included in the calculation of zakat?
These stipulations delineate the type of wealth that should be accounted for when calculating zakat:
- The wealth is yours and under your control. You do not need to include outstanding debts when calculating zakat.
- The wealth is subject to development and increasing.
- After calculating necessary expenses, the wealth meets the requirements of nisab.
- Personal belongings, such as clothes, primary homes, food, cars, are exempt from zakat.
When can I pay my zakat?
Can I pay my zakat toward any of your funds, or does the fund have to specify zakat?
Who can my zakat be given to?
- ‘al fuqara' (the poor)
- ‘al masakin’ (the chronically needy / indigent)
- ‘al amilina alayha' (the administrators of zakat funds)
- ‘al mualafati qulubhum’ (those that incline their hearts towards good)
- 'f’il riqabi' (freeing of slaves / those in bondage)
- ‘al gharimina' (those in debt)
- 'f’il sabili-llahi' (in the way of god)
- ‘al sabili' (the traveller)