Zakat Calculator

Zakat should be calculated at 2.5% of the market value as on the date of valuation (In our case we consider 1st of Ramadan).

Zakat is to be paid on Silver in Pure form or Silver Jewellery at 2.5% of the prevailing market rates.

Zakat should be paid at 2.5% on all cash balance and bank balances in your savings accounts. The amount technically should be in the bank for one year.

This is for Self Employed People only. No matter what business you are into, you've got to pay Zakat on all NET STOCK-IN-TRADE.

Zakat is NOT payable on personal residential property even if you have more than one. Also Zakat is NOT applicable on the net value of your investment Properties. However Zakat is payable on the rental income derived from any investment property.

Zakat is payable by you on loans you have given to your friends and relatives. It should be treated as Cash in Hand. You may deduct Loans Payable by you to arrive at the nett present value of your wealth.