Calculate Zakat

Cash at Home / Bank

Your cash assets include all monies in your bank account(s) and at home or on your person. Any interest you have received at the bank is haram and must not be included.

Gold

Most scholars are of the opinion that zakat should be paid on all gold jewellery, whether it is worn or not, and even if it is owned by a man (who isn’t permitted to wear gold jewellery).

Property Income (Other Than Home)

Any property other than your home must be considered for zakat. If you are in the business of buying and then selling properties when they appreciate in value, then zakat is due on the current resale value of these properties. However, If you are in the business of letting properties (rather than buying and selling them), then zakat is due on savings made from this rental income only.

Investments

The return on cash investments / bonds tends to be ‘fixed-interest’ and as such no zakat is due on this haram income. But zakat must still be paid on the initial sum invested.

Money Owed To You

If you are owed any debts, and you believe the debt can be recovered on demand, add it here. However, if there is any doubt about when and if you will recover the debt, do not include it here — but include it in the year you actually receive it, and pay zakat for all previous years that the debt was outstanding. If you have already received some of the debt, then zakat is due on this received amount.

Business Value

Add the total value of: cash in tills and at bank + stock for sale (current sale value) + raw materials (value at cost).

Unpaid Debts

Any unpaid rent, house payments, utility bills or money that you owe etc., that are due or overdue should be excluded.

Total Zakatable = £ 0

Gold Nisab

£3,330

(80g)

Silver Nisab

£385

(561g)

Your Zakat Summary

Total Assets	:	£0
Subtract Total Liabilities	:	£0
Total Zakatable	:	£0
Zakat to Pay	:	£0

Pay Your Zakat