Zakat on Savings Calculator

Calculate zakat using an entered savings balance on a confirmed assessment anniversary. Combine the eligible balances from your accounts and identify deductible liabilities before using this worksheet. The calculation assesses a single anniversary valuation; it cannot establish a qualifying history from one balance.

How to use this tool

1. Enter all eligible values in one currency, without counting an asset twice.
2. Select a monetary nisab or a supported metal-weight standard and enter its applicable price per gram.
3. State whether the required haul and ownership conditions are confirmed.
4. Choose 2.5% for a lunar-year assessment, or enter a rate approved for your accounting convention.

Formula

Net base = max(0, eligible assets − approved deductible liabilities). If net base ≥ nisab, conditional zakat = net base × rate / 100; otherwise it is zero.

The full qualifying base is assessed, not merely the amount above nisab. A metal-derived threshold is grams × your entered price. Prices and defaults are examples; no current quotation or exchange rate is supplied.

Example

An eligible anniversary balance of 10,000, no deductible liabilities and a selected nisab of 8,500 gives a conditional lunar-rate amount of 250. If the entered balance is only 8,000, it is below that selected threshold and this assessment returns zero.