Zakat Calculator

To determine how much you owe in Zakat each year, use this simple formula:

Your total assets, minus your short term liabilities and expenses equals your Zakatable wealth.

Assets

–

Liabilities

=

Wealth

If your Zakatable wealth is equal to, or above the nisab, and you’ve had it for at least one lunar year, zakat is due.

Wealth

x

2.5%

=

Zakat

Zakat is one of the pillars of Islam so make intention that Allah rewards you for the effort of calculating the correct amount. If you run into questions or issues using our calculator, please check the FAQ section below. If stuck and unable to find the answer, please go to Contact Us page and submit a question using “Ask Imam” category.

Bismillah!

Step 1 of 2

Assets

Assets is what you own.
Enter all cash you own. This includes cash in your bank account, wallet and even under your mattress.
If you own Jewelry with gold or silver mixed with other metals and precious stones, go to your local jeweler and ask them to weigh your gold and silver from the jewelry. See FAQ for more information.
Total value of all investments including stocks, 401K, IRAs, etc. See FAQ for more information.

Liabilities

Liabilities is what you owe.
Short term liabilities include your bills, rent, personal loans and credit card debts. Note that most scholars agree that the outstanding mortgage debt can not be deducted. However, as per the differing opinions, either the current month’s mortgage payment or the current year’s mortgage payment (12 months) is deductible. See FAQ for more information.
Potential taxes and fees you would have to pay if you were to sell all your investments recorded under Assets. See FAQ for more information.

Zakat

Amount you have paid in Zakat earlier in the year.
$0.00
Zakatable Wealth x 2.5%

Frequently Asked Questions (FAQ)

What is the Nisab amount?

Nisab is the minimum amount you must have in order to be eligible to pay Zakat. It is a cash value of either 595 grams of silver or 87.48 grams of pure gold. Over time the values of gold and silver have diverged with the value of gold being closer to the relative value of other assets at the time of the Prophet (PBUH). As such it is recommended to use the value of gold as Nisab as opposed to the value of silver, especially in the West.

If gold price is $128.32 per gram (in 2025), you need to have $11,225 or more Zakatable wealth to have to pay Zakat.

What short term liabilities and expenses can I subtract?

Here is a list of things that should be included in your liabilities:

  • The money you owe to others i.e. personal loans, credit card debts, etc. For mortgages see this section.
  • Current month’s rent/mortgage payment or arrears. Note that based on madhab some scholars allow up to a year of mortgage payments to be deducated.
  • Bills that are due.
  • If you own a business, then business expenses e.g. rent, rates, salaries, utility bills, etc.
  • Short term business loans and overdraft amounts are included in your liabilities.

Do I need to pay Zakat on Jewelry?

According to the Hanafi madhab, all gold and silver you own must be included as part of your wealth/assets in the Zakat calculation. In the Shafi madhab, however, any gold and silver that is for personal use do not need to be included as part of your wealth/assets. The value of the gold and silver you own must be at or above the nisab in order to be eligible to pay Zakat.

How to calculate the value of Jewelry?

You are only responsible to pay Zakat on gold and silver. If you own Jewelry with gold or silver mixed with other metals and precious stones, you may need to go to your local jeweler and ask them to weigh your gold and silver from the jewelry.

Alternatively here is a local resource for estimating the value of gold jewelry based on quality and weight.

Do I need to pay Zakat on retirement accounts?

If you keep your retirement account in 401K or IRA you have access to those funds, which makes those funds Zakatable. When calculating the Zakatable amount you will need to subtract taxes and fees that you would end up paying if you were to access those funds today. See the section on taxes and fees for more details.

How to calculate Taxes and Fees on sale of Investments?

While the exact amount will depend on the specific tax situation, we have put together a helper spreadsheet that can be used with this analysis.

In order to use the spreadsheet, first make a copy by navigating to the link and selecting “File > Make a copy”.

Once you have a copy, update tax brackets (yellow cells on rows 3 – 9) for your specific situation.

Fill out column B rows 12 through 18. Your “Taxes and Fees on Sale of Investment” will be calculated in cell B20.

Do I need to include real estate in Zakat Calculation?

A long-term mortgage on a personal property is not to be counted as a liability in your Zakat calculation.

If a property is purchased with an intention to resell it, then its value must be counted in your assets. However, if a property is bought as an investment (for example to be let out) with the only benefit being the rental income, it is only the profit from the investment that is eligible to be counted under your assets.