Question 1

How is Zakat calculated?

Accepted Answer

Zakat is calculated at 2.5% of your net Zakatable wealth (total assets minus liabilities) if it exceeds the Nisab threshold. The Nisab is based on the value of 87.48 grams of gold or 612.36 grams of silver.

Question 2

What is the Nisab value?

Accepted Answer

Nisab is the minimum amount of wealth a Muslim must possess before Zakat becomes obligatory. It is equivalent to 87.48 grams of gold or 612.36 grams of silver. The monetary value changes based on current market prices.

Question 3

What assets are Zakatable?

Accepted Answer

Zakatable assets include gold, silver, cash in hand, bank savings, digital wallets, investments (stocks, mutual funds), business inventory, receivables, and property held for resale. Personal items like your home, car, and clothing are exempt.

Question 4

What is the Zakat percentage?

Accepted Answer

The standard Zakat rate is 2.5% (1/40th) of your total Zakatable wealth above the Nisab threshold, provided you have held it for one full lunar year (Hawl).

Calculate Your Zakat

Assets

Precious Metals

Cash & Bank

Investments

Business & Property

Not Included (Non-Zakatable)