Zakat Calculator

The online zakat calculator at UrduPoint calculates your payable zakat in moments. You enter your bank savings, the monetary value of gold and silver in your possession, and the money owed to you. After that, click the 'Calculate Zakat' button and get the payable zakat amount. This zakat calculator online is easy to use for everyone.

Zakat Calculator

Bank Saving

Use amount held for 1 year

Gold & Silver

Monetary value

Money owed to you

Deposits, loans you made

Total

2.5% of Zakat

Zakat Calculator

Here is a Zakat calculator for you so that you come to know the exact amount of Zakat being payable by you for the earnings and savings you have made in the previous year. Urdu point brings this Islamic calculator for your information. Zakat is deducted at 2.5% of your current year's cumulative wealth. This Zakat calculator allows you to have complete information regarding the wealth that you possess.

Working of Zakat Calculator

The working of the calculator allows you to calculate your Zakat with the perfectly working calculator. This calculator is working as follows. You need to enter a few numeric digits into this calculator. It consists of the three data input sections i.e.

  1. Bank savings
  2. Gold & Silver
  3. Money owed to you

Bank saving:

Here you have to put the values that you have in your bank accounts. Either in a current or fixed deposit or savings accounts. TDR’s are also included in this section of the bank savings.

Gold & Silver:

The gold and silver include all the gold and silver that you have in your possession. All you need is to convert them into monetary value. According to the prevailing rate of the market.

Money owed to you:

In this section, you have to include the amount of money that you owe to someone else. This can be an outstanding loan from the bank, a long term debt for the purchase of a house or immovable property, or it is a business lending that you need to return after some time.

Zakat

Zakat is an obligation and it is the third pillar among the five most important pillars of Islam. The complete meaning of Zakat is to purify yourself along with your wealth. All the Muslims around the world must pay a portion of their wealth for charity. The charity made by the wealthy Muslims goes directly for the well being of poor and willing individuals of the society.

Zakat becomes compulsory when two of the conditions are fulfilled these conditions are the Nisab and the Due Date.

Nisab:

Nisab is the amount of wealth that you have according to the standards and foundations laid down by the sunnah. Nisab is the amount of wealth the payer of Zakat has along with the family responsibilities and the debts they are having against them. Furthermore, Nisab has a minimum slab that must be followed as per the instructions.

Due date:

The due date for Zakat is set to have just after one Lunar or year. further, the due date of the nisab starts from the date you have acquired the wealth or the day till which you have paid your last year’s zakat. On the other hand, the best time for paying your zakat is the holy month of Ramzan.

Slabs for wealth

The slabs for paying your Zakat according to the slabs of wealth that have been set by the Islamic preachings. The wealth that you have in your possession is subject to zakat if it falls under the slabs mentioned below. If you have certain amounts of

  1. Gold
  2. Other jewelry ornaments
  3. Silver
  4. Shares
  5. Money that you have lent
  6. Pension
  7. Cash savings
  8. The property you have rented out
  9. Investment
  10. Cash investments
  11. Business purpose goods
  12. Crops
  13. Animals for business purposes
  14. Earning profit
  15. Even household items

Latest Comments

Sr moji zarorat hai MRI pass na to ghar hai or 1 manth si bemar hon

By: Muhib Ullah on 02-05-2021

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