Islamic Center of South Florida

Calculate Zakat

Zakah is payable at 2.5% of the wealth one possesses above the nisab. Nisab, which is equal to 85 grams of gold, is the minimum amount of wealth one must have before they are liable to pay zakah.
This year's Nisab Value is $5,129.83
Cash on hand and in bank accounts (savings, checking, etc)
Non-delinquent loans (money you loaned to others)
Value of Gold, Silver and Precious Items
Value of Shares, stocks
Net value of IRA, 401K, Pension Funds if liquidated as of the zakat payment date (adjusted for taxes and penalties if applicable)
Business cash on hand and in banks plus invoices due
Net Value of business inventory and trade goods
Equity in investment Real Estate
Total Zakatable (Eligible for Zakat) Amount
Zakat Amount Due
Your Zakat Amount Due is calculated at 2.5% of your total Zakatable (Eligible for Zakat) amount only if your total Zakatable Amount is equal to or above the nisab.
Once you have calculated your zakat, copy the total and paste the amount in the pay your zakat page to donate.

Zakah expenditures are only for the poor and for the needy and for those employed to collect [zakah] and for bringing hearts together [for Islam] and for freeing captives [or slaves] and for those in debt and the cause of Allah and the [stranded] traveler – an obligation [imposed] by Allah. And Allah is Knowing and Wise.” (Al-Tawba: 60)

FAQs

Zakat is one of the five pillars of Islam, and also an act of worship. It means ‘purification’. By giving a small portion of one’s assets to those in vulnerable situations, a Muslim purifies one’s wealth and makes the wealth gained a pleasure to Allah.

All able Muslims (those who meet the requirement of zakat as dependent upon nisab and hawl—see below) are required to contribute a fixed portion of their wealth – 2.5% of savings — to help those in need.

 

Your Zakat is calculated based off the net assets you have at the end of a one-year period. To calculate how much Zakat you owe, you can use our calculator form.

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Zakat al-Mal (commonly called zakat) is due when a person’s wealth reaches the nisab amount and can be paid anytime during the year. Zakat al-Fitr is paid by the head of the household for each member of the family, before Eid al-Fitr prayer. Zakat al-Fitr is about 3 kilograms of wheat, rice or dates.

Zakat must be paid with the intention of paying zakat. if one gives any other charity, it cannot be counted as zakat as they did not have the needed intention, thus you would still have to pay zakat.

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