Zakat is one of the five pillars of Islam and is the compulsory giving of one’s wealth to charity – with the potential to ease the suffering of millions around the world.
This obligatory payment is made by qualifying Muslims, whose personal wealth exceeds the nisab threshold, and the payable Zakat percentage amounts to 2.5% of wealth above the threshold.
“AND BE STEADFAST IN PRAYER AND REGULAR IN CHARITY: AND WHATEVER GOOD YE SEND FORTH FOR YOUR SOULS BEFORE YOU, YE SHALL FIND IT WITH ALLAH.”
Zakat is an integral part of Islam and it is due on all Muslims who meet the nisab threshold. The nisab threshold fluctuates based on the value of silver and gold and your personal wealth after one lunar year. Working out how much Zakat you owe can be confusing, to say the least.
To make the process easier for you, we have created a Zakat calculator that you can use to work out how much you need to pay. All you need to do is enter how much (if any) gold and silver you have accumulated over the past lunar year and how much it is worth. You can choose to base your Zakat on the value of gold or silver, with silver typically being cheaper, but gold ensuring more people can be helped via your donation.
You then need to enter how much money you have in stocks, investments, bank accounts and cash, as well as your yearly outgoings. For a more comprehensive guide on what items and money is not to be included in your Zakat calculation, please see our Zakat facts guide.
Once you’ve entered all your information into the calculator, it will tell you how much – if any – Zakat you need to pay. Not everyone will be eligible, so if the total is zero, it has been deemed that you don’t have enough excess wealth to pay Zakat this year.
Find out how much you owe by using the calculator below.
As one of the five pillars of Islam, Zakat is an important part of being a Muslim as this purifies the person’s wealth. In Islamic culture, caring for those in need is given great importance and to pay Zakat pleases Allah (SWT). This is just the same as the need to look after and respect your elders, which in Muslim culture is one of the most crucial values you can have.
While we may be fortunate not to worry about where our next meal is coming from, or whether we will live to see the sunrise in the morning when we go to bed at night, others are not so fortuitous. Around the world and even right here in the United Kingdom, many are living without basic necessities. They are going without food and water, warm clothing or somewhere safe and comfortable to sleep – it is for this reason why Zakat is so important.
Your Zakat donation will be used to support those most in need, with funds used to distribute supplies such as food, hygiene and medical packs, clothing and more. Your donations are also used to support any of ILM’s appeals that you permit your donation to be used for, such as supporting orphaned children and helping families find a way to earn a living. These are just some of the many appeals run by ILM that you may wish to include as part of your Zakat donation, or make a separate payment for.
As outlined in the Holy Qur’an, Zakat can only be received by a select number of people who should fall into one of the below eight categories:
However, you are not permitted to give your Zakat to a member of your immediate family (someone who you would otherwise be responsible for) even if they would qualify through any of the above categories. As you are deemed to be responsible for looking after them, you cannot give your Zakat payment to that person. This includes your wife, sibling, parent or child. A woman’s husband, however, can receive Zakat from his wife as she is not expected to be responsible for him from a financial perspective.
There are other exceptions that are covered on our Zakat rules page. Should you have any other queries, we recommend speaking to your local imam.
Nisab is the threshold that is used to determine whether a Muslim is deemed to have enough personal wealth to qualify to make a Zakat payment. Our Zakat calculator can be used on gold and silver nisab values, helping you to calculate the Zakat on cash in the bank and at home, as well as other assets in your possession (including gold, silver, shares, pensions and property owned for investment reasons i.e. to make a profit).
Nisab is based on the value of either 87.48g of gold or 612.36g of silver. Muslims can choose which of the nisab values to use when calculating their owed amount. As the values of gold and silver are constantly changing, this means that the nisab for Zakat 2021 will only be correct as of the day you are planning to pay.
Our Zakat calculator will take this into account and automatically update the values of gold and silver, depending on which value you choose to use to calculate your Zakat.
We give Zakat to purify our wealth, giving 2.5% of our expendable wealth to those who are most in need. Before you calculate the Zakat owed on your salary, your wealth should exceed the nisab threshold and have done for at least a year. When this is the case, you should consider the money that you have saved, both in cash and in a bank account, as well as any money that is owed to you.
Our quick and simple Zakat calculator below automatically works out the Zakat you are owed when you enter in the relevant fields. You can then donate your owed Zakat amount to ILM via our donations page.
ILM uses your Zakat in the most effective way possible to relieve the suffering of the world’s most vulnerable people.