How to Calculate Zakat Using Zakat Calculator

Zakat is one of the five pillars of Islam, a means of purifying wealth and helping those in need. Using the ABF Zakat Calculator, you can calculate your Zakat accurately and quickly. Follow these detailed steps to ensure correctness:

1. Cash: Include all cash at home, in bank accounts, and liquid assets available to you.
2. Gold & Silver: Enter the current market value of all gold and silver you own.
3. Properties: Include all properties other than your main residence, such as rental properties or land that can be sold.
4. Pensions & Shares: Include accessible amounts from pensions, stocks, and shares that can be converted to cash.
5. Other Investments: Include investments such as mutual funds, bonds, or other financial instruments.
6. Money Owed to You: Include any debts that others owe you which are expected to be received.
7. Business Assets & Debts: Include the value of your business and subtract any business liabilities.
8. Unpaid Debts: Subtract any personal loans or obligations that you need to pay.

The calculator automatically computes your net assets and calculates 2.5% Zakat payable.

Tips for Accurate Calculation:

• Include all assets accurately.
• Exclude your primary home, personal belongings, and items used for daily life.
• Double-check any debts owed or to be subtracted to avoid over or under calculation.
• If unsure about any value, refer to current market rates for gold, silver, property, or shares.