Complete Guide to Zakat Calculation According to Islamic Law - Blog - Adawa.at
Everything you need to know about calculating and paying zakat correctly
Zakat is a pillar of Islam and obligation for every capable Muslim.
What is Zakat?
- Third pillar of Islam
- Known right in wealth
- Purification of soul and wealth
- Rate is 2.5% of zakatable wealth
Zakat Obligations:
- Islam
- Maturity and sanity
- Owning nisab
- Full lunar year passage
- Debt-free wealth
Zakatable Wealth Types:
- Cash, gold, and silver
- Trade goods
- Stocks and funds
- Saved monthly salary
- Bank deposits
How to Calculate Zakat:
1. Sum all zakatable wealth
2. Subtract current debts
3. Ensure nisab reached
4. Calculate 2.5% of total
Nisab:
- Equals value of 85g gold
- Or 595g silver
- Changes with market price
Eight Zakat Recipients:
- Poor and needy
- Zakat workers
- New Muslims
- Freeing slaves
- Debtors
- In Allah's path
- Travelers in need
Important Tips:
- Calculate accurately
- Pay on time
- Give to most deserving
- Document payment
- Consult scholar when in doubt
Use accurate zakat calculator!