☝️Before You Start

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.

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 💵

Savings Accounts 👛

Cash 💸

Active Investments & Cryptocurrencies 📈

An "active" investment is a stock, fund, or currency that you hold for a short period of time (e.g. less than 365 days). You will treat these shares the same way you would if you had them as cash in your pocket via their market value. This includes the market value of cryptocurrencies and tokens with some exceptions.

Unvested RSUs, ESPP, or shares you cannot sell without restrictions are not subject to Zakat. Don't forget to include the cash in your brokerage account(s) here if you haven't already done so above.

What is the total value of your active investments?

$

Passive Investments 📊

This section applies to the stocks you plan on holding long-term (i.e. more than 365 days). You most likley will end up paying slightly less Zakat by treating them as passive investments, so you can choose to simplify by treating it as an Active Investment if you prefer.

To properly calculate the Zakat on passive investments, you will need to access each company's balance sheet, and look at the Current Assets and Shares Issued.

We do this automatically for more than 600 common stocks! Last updated: Ramadan 2019

You can use this search bar to lookup stocks, which will be added automatically to the table. If a stock doesn't autocomplete, then it does not currently exist in our database. Send us its name, and we can add it!

Add Stock

What if my stock doesn't show up?

You can find the relevant information at Yahoo! Finance or Morningstar. Here are the numbers to note: Current Assets and Shares Issued. For example, here's the info on MSFT from Yahoo! Finance. Along with the Number of Shares You Own, we can calculate the effective value of your assets of the company, which becomes part of your net assets.

Note: this is very difficult to calculate for mutual funds, ETFs, or index funds that consist of multiple stocks constantly shifting positions, so we recommend simply treating them as active investments (and adding their cash value to the previous question).

Stock Name	Current Assets (in $)	# of Shares Issued	# of Shares You Own

Add A Stock

Effective value of your passive assets: $0.00

Dividends 🔖 󠀥󠀥󠀥

If you received dividends from your financial investments, add the total amount received over the hawl here. If you have already added your dividends to your general checking or savings accounts, do not double count the earnings here.

What is the total dividends you received over the last year?

$

🚑 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.