people have calculated & understood their Zakat using Zakat.fyi

Let's calculate yours step by step:

Know the Niṣāb

The niṣāb is the minimum liable amount that a Muslim must have to be obligated to pay Zakat. This amount was set by our Prophet Muhammad (S) at 21 ounces of Silver. Based on today's price of Silver per ounce, the niṣāb is $318.23. We will automatically let you know if you're under the niṣāb amount. Note: we will not be using the gold nisab calculation in this calculator to stay true to Sheikh Joe Bradford's method. Understand the Hawl The hawl is the the Zakat Year, like a fiscal year, but used to calculate your Zakat. The hawl starts when your assets first reached the minimum niṣāb, or when you last paid Zakat. Once 1 lunar year has passed, and your assets have been consistently above the niṣāb, you pay Zakat on your assets at that point: You, Your Spouse, & Children Zakat is due by any person who owns the wealth, whether man, woman, or child if they possess above the nisab. If you choose, you can pay Zakat on behalf of your family, in which case, make sure to sum the total for each individual in the following questions. Which of these apply to your financial picture? This allows us to ask you the right Zakat questions. If you're not sure, select the box and you can leave the question blank later when we provide explanations. What's your email address? You can send a receipt of your calculation to yourself after this session, so you can save this year's Zakat calculation date and your Zakat amount. All of your data is kept private and secure. Email Let's get started with the assets that you will be paying Zakat on first. Later, we will cover debts and payments that may reduce your Zakatable amount. ### 💰 Zakatable Assets Checking Accounts 💵 What is the total value of all of your checking account(s)?$

Savings Accounts 👛

What is the total value of all of your savings account(s)?

$Cash 💸 What is the total value of your physical cash on hand/wallet?$

### 🚑 Expenses and Liabilites

When calculating your Zakat liable amount, you can reduce your assets by your living expenses, bills that are "immediately due", and money you owe to others. If you pay your rent monthly, you can deduct one month of your rent. If you pay your insurance every 6 months, you can deduct the 6 month insurance bill.

This Month's Living Expenses 🍔

This includes: rent/mortgage payments, medical expenses (other than your insurance, which is covered below), utilities, groceries, transport, upkeep, and any other miscellaneous living expenses.

$Periodic Insurance Expenses 🚗 This includes: home/renter's insurance, auto insurance, medical insurance, or any other kind of insurance that is due. If you pay monthly, deduct the monthly payment; if you pay quarterly, deduct the quarterly payment, etc.$

Debts You Owe 💳

This can include student debts, credit card debts, a secondary mortgage, and any other debt payments that have become due. If you have a debt that you are paying off in installments, you should only include the upcoming installment that is due, even if you choose to pay off more. Mortgage payments on your primary residence are not a part of this category - they should be accounted for in Monthly Expenses.

$Important Note: There are two categories of assets which we did not cover in this calculator. (1) Farming assets that you harvest for sale (2) Haram earnings (fixed-income investments such as bonds; equity investments tainted with things like: interest, haram substances like alcohol or drugs, etc.). If you have these, please consult a specialist in Islamic Finance. We suggest scheduling a consultation with Sh. Joe Bradford, as this calculation method is his. ### 🎉 Congratulations, you've calculated your true Zakat! ###### Zakat Due:$0.00

On net assets: \$0.00 (below nisab)

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