1. What is Zakat?

Zakat is one of the Five Pillars of Islam, an obligatory form of almsgiving for Muslims who meet the necessary criteria of wealth. It's typically 2.5% of a Muslim's total savings and wealth above the Nisab threshold.

2. How Does the Calculator Work?

The calculator uses the standard Zakat formula:

Where:

• \( Assets \) — Total wealth including cash, gold, investments, etc. (in SAR)
• \( Nisab \) — Minimum threshold (currently 1,620 SAR)
• \( 0.025 \) — 2.5% Zakat rate

Explanation: Zakat is only payable when your total wealth exceeds the Nisab threshold for a full lunar year.

3. Importance of Zakat Calculation

Details: Proper Zakat calculation ensures fulfillment of religious obligation and proper distribution to those in need. It purifies wealth and promotes social welfare.

4. Using the Calculator

Tips: Enter your total assets in Saudi Riyals (SAR). Include cash, gold, silver, investments, and business assets. Deduct any immediate debts.

5. Frequently Asked Questions (FAQ)

Q1: What is the current Nisab value?
A: The Nisab is 1,620 SAR (equivalent to 85g of gold) as of current gold prices.

Q2: What assets should be included?
A: Include cash, bank savings, gold, silver, investments, business merchandise, and any other zakatable assets.

Q3: Are home and personal items included?
A: No, personal items like home, car, and clothing are not included in Zakat calculation.

Q4: When is Zakat due?
A: Zakat becomes due after one lunar year (Hawl) of owning wealth above the Nisab threshold.

Q5: Can I pay Zakat in advance?
A: Yes, you can pay Zakat in advance if you expect to reach the Nisab by the due date.