Zakat
The Purification of Wealth - Third Pillar of Islam
What is Zakat?
Zakat is the obligatory charity given by Muslims who meet the minimum threshold of wealth (Nisab). It is one of the Five Pillars of Islam and serves to purify one's wealth while supporting those in need. Zakat is 2.5% of savings and eligible assets held for one lunar year.
وَأَقِيمُوا الصَّلَاةَ وَآتُوا الزَّكَاةَ
"And establish prayer and give Zakat..."
— Surah Al-Baqarah (2:43)Who Must Pay Zakat?
Must be Muslim
Zakat is obligatory only upon Muslims who have reached the age of maturity.
Own Minimum Wealth (Nisab)
Wealth must equal or exceed the Nisab threshold (equivalent to 87.48g of gold or 612.36g of silver).
One Lunar Year (Hawl)
The wealth must be in your possession for a complete lunar year (354 days).
Wealth Must be Surplus
After paying for basic necessities like food, shelter, and debts.
What Wealth is Zakat-Eligible?
Gold & Silver
All gold and silver jewelry, coins, and bars owned for investment or saving purposes.
Cash & Savings
Money in bank accounts, savings, and cash at home.
Investments
Stocks, bonds, mutual funds, and other investment portfolios.
Business Assets
Inventory, merchandise, and liquid business assets intended for sale.
Retirement Accounts
Pension funds and retirement savings that are accessible.
Debts Owed to You
Money that others owe you and you expect to receive.
Zakat Calculator
Use this calculator to determine your Zakat obligation. Enter your assets and liabilities below to calculate the amount due.
Select Nisab Threshold
Current Gold Nisab: $5686.20
Assets
Liabilities
Calculation Results
Who Can Receive Zakat?
The Quran specifies eight categories of people entitled to receive Zakat:
Al-Fuqara (The Poor)
Those who have little to no wealth or means of income.
Al-Masakin (The Needy)
Those whose income doesn't meet their basic needs.
Zakat Administrators
Those employed to collect and distribute Zakat.
Reconciliation of Hearts
New Muslims or those inclined towards Islam.
Freeing Captives
Those in bondage or slavery.
Those in Debt
People burdened by overwhelming debt.
In the Path of Allah
Those striving for the cause of Islam.
Stranded Travelers
Travelers in need of assistance to reach their destination.
When Should Zakat Be Paid?
Lunar Year Completion
Zakat becomes due after one lunar year (Hawl) of possessing wealth above the Nisab threshold. You should calculate and pay Zakat on your personal anniversary date.
Ramadan - Preferred Time
Many Muslims prefer to pay Zakat during Ramadan to maximize rewards, though it can be paid anytime after the Hawl is complete. Some scholars allow advancing Zakat payment before the year ends.
Important Note
Delaying Zakat payment after it becomes due is not permissible except in cases of genuine hardship. Set a reminder for your Zakat date and fulfill this obligation promptly.
The Blessings of Zakat
Purification of Wealth
Zakat purifies and blesses your remaining wealth.
Social Solidarity
Bridges the gap between rich and poor in society.
Spiritual Growth
Develops generosity and removes love of materialism.
Divine Reward
Allah multiplies the reward for those who give.
