Zakat CalculatorZakat on gold, savings and business
What is generally included in zakatable wealth: cash and bank balances, gold and silver, trade goods, investments and money owed, with notes on where scholars differ, such as personal jewellery and shares.
In general the following are counted, if held for a lunar year and above the nisab:
- Cash and bank balances, including savings and fixed deposits.
- Gold and silver, in the form of coins, bars and, for most schools, jewellery (the Hanafi school counts personal jewellery; some other schools do not count jewellery worn for use).
- Goods for trade: the market value of stock held for sale.
- Money owed to you that you expect to receive.
- Investments: scholars give different methods for shares and funds. A common one is to pay on the full market value of shares held for trading and on the zakatable part of the assets of a company for shares held long term.
What is not counted
Your home, the car you use, household goods, tools of work and clothes are not counted. Provident funds, pensions and retirement accounts are treated differently by different scholars.
Debts due now are deducted. Because opinions differ and cases are complicated, ask your scholar or a zakat office for your own case; the calculator gives a plain starting figure only.
This is a calculator and a plain explanation, not a fatwa. Schools of thought differ on what is zakatable (for example, jewellery, shares and business assets) and on how to value them. For your own case, ask a trusted scholar or a zakat office.