🕌 Calculations follow the Hanafi school of thought, with rulings sourced from the Fiqh Council of North America and SeekersGuidance where applicable
🌙 Zakat is calculated on your lunar year anniversary date — use an Islamic calendar to set your annual due date consistently
🤲 This calculator is a guide only — consult a qualified scholar for your specific situation
Nisab Standard
iMinimum wealth threshold for
Zakat to be obligatory.
Gold standard: 85g of gold
Silver standard: 595g of silver
Most scholars recommend
using the gold standard.
iGold value = Grams × Price/gram
Silver value = Grams × Price/gram
Full value added to
zakatable wealth.
Gold owned (grams)
g
Gold price / gram
Auto-filled or enter manually
$
Silver owned (grams)
g
Silver price / gram
Auto-filled or enter manually
$
🏦Cash & Savings
iFull balance is zakatable.
Formula:
Balance × 2.5%
Cash & bank savings
$
₿Cryptocurrency
iCrypto is treated as currency
in the Hanafi school —
full market value is zakatable
regardless of intent to hold.
Formula:
Market value × 2.5%
No tax or penalty deductions.
Source: SeekersGuidance
(Hanafi)
Cryptocurrencies like Bitcoin and Ethereum are treated as currency — the full market value on your zakat date is zakatable at 2.5%, regardless of whether you intend to hold or sell. No tax or penalty deductions apply since no sale has occurred.
📈Stock Investments
iTrading stocks:
Full market value × 2.5%
Long-term holdings:
Zakatable assets per share
× shares owned × 2.5%
Uses real balance sheet data.
Falls back to 30% if unavailable.
⚡Short-Term / Trading
Held for less than 1 year or actively traded for profit.
Full market value is zakatable at 2.5%.
Total market value
$
🌱Long-Term Holdings
Held for more than 1 year with no near-term plan to sell.
Zakat is calculated using live balance sheet data per ticker for maximum accuracy.
🏛️401(k) / IRA Retirement
iMethod 1 (Long-Term):
Zakat on zakatable assets
inside your fund — no penalty
or tax deduction.
Method 2 (Short-Term):
Zakat on what you'd actually
receive if withdrawn today
(balance − penalty − taxes).
Per Fiqh Council of North America.
👋 Most people should use Method 1
Method 1 calculates zakat on what you'd actually receive if you withdrew today — after the 10% penalty and income taxes. It's straightforward and works for everyone.
Method 2 is advanced — it looks up your fund's actual balance sheet to calculate a more precise zakatable amount. Only use it if your fund's data is publicly available (e.g. a broad ETF like VOO).
Enter each fund in your 401(k) with its ticker and your balance in that fund.
Zakat is based on the fund's actual zakatable assets — no penalty or tax deduction.
💡 Using a CIT (Collective Investment Trust)? CITs are employer-only funds with no public ticker. Find the equivalent public mutual fund or ETF — for example, Harbor Capital Appreciation CIT ≈ HACAX. A quick Google search of your fund name + "mutual fund equivalent" usually works. If balance sheet data still isn't found, the calculator will automatically fall back to Method 2.
Zakat calculated on what you'd receive if you withdrew today — after the 10% early withdrawal penalty and income taxes. This is a hypothetical scenario for zakat calculation only — not an actual withdrawal or tax event.
401(k) / IRA balance
$
How would you like to enter your income?
Filing status
State
Taxable Income
Line 15 on your Form 1040 — after your standard or itemized deduction, this is the exact number the IRS applies brackets to
$
Estimated gross annual income
Your expected household income before taxes this year — standard deduction will be applied automatically
$
TAX BREAKDOWN (HYPOTHETICAL)
🏢▼Real Estate & Business ✓Flipping properties, rental income, business assets, partnerships, and money lent to others
🏚️Real Estate — Flipping
iProperty bought with intent
to resell is treated as
trade goods.
Formula:
Market value × 2.5%
Source: SeekersGuidance
(Hanafi)
Only enter properties you currently own with a firm intention to sell on your zakat due date — the full current market value is zakatable at 2.5%. If you already sold a property and spent or reinvested the proceeds before your zakat date, do not enter it here. This does not apply to your primary residence or properties held for rental income.
🏠Real Estate — Rental Income
iIn the Hanafi school, zakat
is due on net rental cash
you hold on your zakat date —
not on the property itself.
Formula:
Rental account balance × 2.5%
Source: SeekersGuidance
(Hanafi)
Enter the balance of your dedicated rental account on your zakat due date. This balance already reflects all rent received minus all expenses paid (mortgage, maintenance, taxes, repairs). If rental income mixes with personal funds, enter your best estimate of net rental cash on hand.
📊Business Assets
iZakatable = cash + inventory
+ receivables − business debts.
Fixed assets (equipment,
vehicles, property) are
NOT zakatable.
Formula:
Net zakatable assets × 2.5%
Source: SeekersGuidance
(Hanafi)
Cash, inventory, and receivables are zakatable. Fixed assets used to run the business — equipment, vehicles, property, furniture, software — are not zakatable. Enter the full business values below; your ownership percentage will be applied automatically if you're a partial owner.
Are you the sole owner or a partial owner of this business?
Your ownership percentage
e.g. enter 40 if you own 40% of the business. Zakat is calculated on your proportional share of zakatable assets only.
%
ZAKATABLE ASSETS
Business cash & bank balances
e.g. operating account, petty cash
$
Inventory & trade goods
Use current market value — not cost price or retail price. Do not include goods already shipped to customers but not yet paid for.
$
Receivables
e.g. invoices outstanding, money customers owe you that you reasonably expect to collect
$
BUSINESS DEBTS (DEDUCTED)
Short-term business liabilities
e.g. supplier invoices due, business loans due within the year, outstanding payroll
$
✗ Not zakatable: office equipment, machinery, vehicles, property, furniture, software licenses — fixed assets used to operate the business.
👥 If your business partner is also Muslim and paying zakat on their own share, there is no double-counting — each partner pays on their own proportional share independently.
🤝Money Lent to Others
iMoney you've lent out is
still your wealth in the
Hanafi school.
Strong debt: borrower
acknowledges & can repay —
zakatable annually.
Weak debt: borrower disputing,
unable, or unresponsive —
not zakatable until received,
then back-zakat is owed.
Source: SeekersGuidance
(Hanafi)
Money lent to family, friends, or others belongs to you regardless of who is holding it. Strong debt: borrower acknowledges and can repay — zakatable now, you may defer payment until received. Weak debt: borrower is disputing, unable, or unresponsive — excluded until received, then back-zakat is owed for all prior years.
📉▼Deductions ✓Personal debts currently due — deducted from your zakatable total before zakat is calculated
📉Personal Liabilities
iOnly personal debts due
within the current lunar year
are deductible.
Mortgage: deduct your next
single principal payment only —
not the interest portion.
Business debts handled
separately above.
Source: SeekersGuidance
(Hanafi)
Only include personal debts currently due — business debts are handled in the Business Assets section above. Long-term debts like mortgages: deduct only the next single principal payment (not the full balance).
Credit card balances
Total outstanding balance across all cards
$
Mortgage — next principal payment
Principal portion of your next single payment only (exclude interest) — found on your mortgage statement
$
Personal loans due this year
Car loans, student loans, or any installment due within the next 12 months
$
Money owed to family or friends
Informal debts you are obligated to repay
$
Unpaid taxes & bills
Tax bills, utility arrears, or any other currently-due obligations
$
UNPAID ZAKAT FROM PRIOR YEARS
Unpaid zakat from previous years
If you missed zakat in prior years, that amount is a debt owed to Allah and is deducted from this year's zakatable wealth
$
ANY OTHER PERSONAL DEBTS
Other liabilities
Any other personal debt currently due that doesn't fit above
$
🌙
ZAKAT DUE
$0.00
CALCULATION SUMMARY
Total Zakatable Assets
$0.00
Net Zakatable Wealth
$0.00
Nisab Threshold
$0.00
Zakat Rate
2.5%
⚠ The zakat amounts below are calculated per category before liabilities are deducted and will not sum to your final zakat due. They are provided for reference only.
0 of 3 sections filled
Gold & silver prices are approximate — verify current market rates before calculating.
This calculator is a guide. Consult a scholar for your specific situation.
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