ICN Zakat calculator

Direction: Enter the dollar amount in the boxes for each category. Click the Tab Key to scroll through the boxes.

Note 1: Nisaab is taken as the value of 3 ounces of gold. Since the gold price fluctuates, you may update it with the current value.

Note 2: Data you enter on this form is not saved in the website.

Disclaimer: Please check with a scholar if there are questions about additional opinions.

1. Amount of cash saved

Dollars

2.Current value of owned gold or silver

Dollars

3.Cash value of stocks, shares, etc.

Dollars

4.Restricted Funds (e.g., IRA, 401k, etc.). Net amount that would be available to withdraw after paying applicable penalty, fees (if any) and taxes

Dollars

5.Net rental income

Dollars

6.Value of trade inventory, cash and receivables, minus payables from business

Dollars

7. Gross Total Amount (Add lines 1-6)

Dollars

8.Personal net debt (Loans payable this year, minus loans expected to be repaid to you this year)

Dollars

9. Net Amount (Subtract line 8 from line 7)

Today's Rate of Gold per oz (to calculate Nisaab)

Dollars (As of 03/23/2024)

Nisaab Value

Compare line 9 with “Nisaab” as of today (see Note 3). If line 9 is less than Nisaab, enter zero on line 10 and end the calculation.

10.Zakat for this year (Only if line 9 is more than Nisaab, multiply line 9 by 0.025)

Dollars

11.Zakat payments already made this year, if any

Dollars

12. Net Zakat Balance Due (Subtract line 11 from line 10)

Dollars