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Brothers in Need

Zakat Calculator

Choose a Nisab threshold for your calculation

Silver Gold

We recommend you use the Silver Nisab as this will increase the amount of Zakat that can be distributed. However if the ONLY assets you have are Gold, then use the Gold Nisab.

What are your assets?

Cash GoldSilverBusinessSharesSuperannuationPropertyCash InvestmentsDebts Owed To youOther Assets

What kind of liabilities do you have?

Consider any payments due between now and your Zakat payment date such as rent, mortgage payments, bills etc.

Personal Liability Business Liability None

Cash

At the time of the Prophet Muhammad (peace be upon him) the currency of the day was gold dinars or silver dirhams and Zakat was due on them. Since paper money has now become an accepted and commonly used means of transacting

Name Value

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Gold

There is an accepted difference of opinion as to whether Zakat is payable on jewellery. Brothers in Need adopts the view that Zakat should be paid on jewellery. Note that for lower carat gold items

Name Weight Value

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Silver

There is an accepted difference of opinion as to whether Zakat is payable on jewellery. Brothers in Need adopts the view that Zakat should be paid on jewellery. Note that for silver alloy items

Name Weight Value

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Business

In relation to your business, you should include the following as Zakatable assets below where relevant.

  • Cash
  • Goods for sale (at current prices)
  • Inventory (at current prices)
  • Work in progress (at cost)
  • Raw materials (at cost)
Name Value

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Shares

If you own shares for the purposes of long-term investment without intention to resell then Zakat is due on dividend income only. If this is the case, and if dividend income has not been included within your cash section, then please include dividend income for this Zakat year in this section.

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Superannuation

Superannuation is a relatively new asset class and scholars have emerged with differing opinions as to how they should be treated for the purposes of Zakat calculation. Brothers in Need adopts the view that Zakat is due on the value of voluntary super contributions

Name Value

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Property

If you own property other than your home for the purposes of long-term investment without intention to resell then Zakat is due on rental income only. If this is the case, and if rental income has not been included within your cash section

Name Value

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Cash Investments

Cash investments such as bonds or savings products offered by your bank, which offer an interest-based return are prohibited in Islam. Although there is no Zakat due on forbidden wealth, Zakat is still due on the proportion of the investment

Name Value

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Debts Owed To You

Zakat is payable on strong debts, i.e. money that is owed to you that you are confident will be paid. This may include personal loans to friends and family. This does not include outstanding wages, dowry, inheritance or assets held in trust

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Other Assets

Please use this section to input the value of any other Zakatable assets that you feel may have been omitted. Should you need to ask a question please don't hesitate to get in touch with us.

Name Value

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Personal Liability

Please include the value of any of the following outstanding/unpaid liabilities that are either due for payment between now and your Zakat due date or overdue payments:

  • Rent or mortgage payment
  • Util...
Name Value

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Business Liability

Please include the value of any of the following outstanding/unpaid liabilities that are either due between now and your Zakat due date or overdue payments:

  • Commercial loans that have been used to finance Zakatable assets...
Name Value

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Zakat Calculation Breakdown

Here's a breakdown of your Zakat Calculation

Assets

TypeNameValue

Liabilities

TypeNameValue
Asset Total
Liability Total$0
Zakatable WealthAssets minus Liabilities
Nisab Value

Zakat is Due

Your Zakatable wealth is above the selected Nisab ()
threshold of $

No Zakat Due

Your Zakatable wealth is below the selected Nisab ()
threshold of $

Zakat Due2.5% of Zakatable Wealth