🕌 Zakat Calculator

Zakat Calculator: A smart tool to calculate the zakat on your money accurately and easily

Zakat is the third pillar of Islam, and performing it accurately and sincerely achieves social solidarity and purifies money. In the Kingdom of Saudi Arabia, individuals and investors are keen to calculate their financial zakat with utmost precision in accordance with the provisions of Islamic Sharia. Given the multiplicity and diversity of financial assets, including bank accounts, gold, stocks, and trade offers, some may face difficulty in determining the correct zakat base. Hence the importance of the “Zakat Calculator” as a reliable digital tool that simplifies this complex process, and ensures that you pay the amount of Zakat due with complete legal accuracy and in just a few steps, giving you reassurance and peace of mind in performing this great duty.

Explanation of the Zakat calculator and how it works

The Zakat Calculator is designed to be a comprehensive tool and conform to the jurisprudential rulings approved in the Kingdom of Saudi Arabia. The calculator calculates Zakat based on the prescribed legal percentage, which is (2.5%) for the Hijri year or (2.577%) for the Gregorian year. The calculator relies on your financial inputs to determine whether your money has reached the “shariah quorum” (equivalent to the value of 85 grams of pure gold) and one year has passed (one full Hijri year). The calculator includes all direct zakat assets, such as cash in current and investment accounts, savings, the value of gold and silver (whether bullion or jewelry for savings), and stocks designated for speculation, in addition to the market value of goods and commodities prepared for trade. The calculator also provides the option of deducting the debts and short-term financial obligations owed to you immediately, in order to finally arrive at the actual net Zakat base and determine the amount that must be paid with extreme accuracy.

How to use the zakat calculator

The calculator is easy to use with a simple interface, and you can calculate your zakat by following the following steps:

• Select the type of calendar used to calculate the year (Hijri or Gregorian).
• Enter the total amounts of cash and liquidity available in your bank accounts.
• Enter the value or weight of gold and silver owned for the purpose of saving (in Saudi Riyals).
• Add market cap of stocks, portfolios and trade offers.
• Enter the value of your debts and obligations that are due to be paid immediately.
• Click on the “Calculate” button to display the total Zakat base and the amount of Zakat that must be paid immediately.

Important facts and tips for paying zakat

When paying your zakat in the Kingdom, it is preferable to document payments through approved official payment platforms such as the “Ehsan” platform or the “Zakat” platform affiliated with the Zakat, Tax and Customs Authority (ZATCA), as these platforms ensure that your zakat reaches its actual recipients in accordance with Sharia and legal controls.

Frequently asked questions