Simplifying your Zakat calculation
Calculating your Zakat is simpler than you might think. By breaking your finances into clear categories, the process becomes quick and straightforward.
We’ve divided everything into two main parts:
- Zakatable assets – such as cash, savings, gold, silver, and business assets
- Deductible liabilities – like money you owe or expenses that are due soon
Once you’ve worked out your net assets (what you own minus what you owe), the next step is to compare that amount to the Nisab threshold.
If your net assets meet or exceed the Nisab, then Zakat is due.