Zakah Calculator – USA

Step 1 of 3 - Introductory Information

Introductory Information

Please provide the details and select the options that apply to you. These questions will help customize the questions that follow. If you're not sure, you can select "Yes" to proceed.

School of Fiqh Selection

Is this calculation for a child's wealth?

A child as defined by shari'a is a boy or girl who has not yet reached the age of Islamic Maturity (Bulūgh).

Do you own a business?

Do you own cash/liquid assets?

Do you have wealth in investments, pension funds, trusts, etc?

Do you own any gold and/or silver?

Do you own cryptocurrencies, NFTs, or other collectibles?

Have you provided any loans for which you are awaiting repayment?

Are you in the business of buying and selling properties?

Are you part of a money-pool system (AKA Kameti)?

Do you own any other types of wealth on which you wish to calculate the due zakat?

Do you have liabilities, loans, overdue expenses, etc?

Do you have any owing zakat from previous years?

Zakahable Assets (What You Own)

Cash and Liquid Assets

Cash in hand and bank account balances.

Cash at Home

Bank Account 1

Bank Account 2

Bank Account 3

Bank Account 4

Bank Account 5

Total Zakahable Cash and Liquid Assets

Business Assets

Business cash reserves,inventory and stock (items intended for sale), trade receivables, business investments.

Business Ownership %

Enter a Percentage (0-100) How much of the company do you own?

Total Cash in Business

Stock/Merchandise Value

Trade Receivables

Payments expected for products sold.

Business Liabilities

Any overdue amounts or loans payable in the next 12 lunar months.

Total Value of Short-Term Loan Provided

A loan your business provided and expects to receive repayment within 12 months.

Has your business provided any long-term Loans that you want to calculate and pay Zakah on?

A loan your business provided and DOES NOT expect to receive repayment within 12 lunar months.
Note: You are still required to pay Zakah on long-term loans. However, you may choose to pay it now or defer payment until you receive the loan, at which point you would calculate and pay for the past years.

Total Value of Long-Term Loan Provided

Total Zakahable Business Wealth

Investment Assets

Stocks and shares (long-term and short-term holdings), pension funds, RRSP, TFSA, ISA, SIPP, IRA, 401(k) plan, 529 plan, etc.

Long-Term Stock Holdings

Shares held or intended to be held for 12+ lunar months - based on 30% Proxy as calculated by NZF.

Short-Term Stock Holdings

Shares you intend to sell within the next 12 lunar months.

Value of Roth IRA Accounts

Amount you can access after any taxes or penalties that may apply.

Value of 401(k) / Traditional IRA Accounts

Amount you can access after any taxes or penalties that may apply

Value of your Contributions to 529 Plan Accounts

Do not include any government contributions or interest based-gains

Other (Accessible wealth from different types of pension and investment funds)

Amount you can access after any taxes or penalties that may apply

Total Zakahable Investment Assets

Gold and Silver

Gold and silver jewelry (non-daily wear for Hanafi), gold and silver bars or coins, silverware and other collectible forms of gold and silver.

Include all gold and silver/jewelry, whether regularly worn or stored.

Calculation Method

Select your preferred option

Total Weight/Value of Non-Worn Gold

Do not Include any regularly worn jewelry.

Total Weight/Value of Non-Worn Silver

Do not Include any regularly worn jewelry.

Total Weight/Value of Worn Gold Jewelry

Total weight or value of worn gold jewelry.

Total Weight/Value of Worn Silver Jewelry

Total weight or value of worn silver jewelry.

Today's Gold Price Per Gram

Today's Silver Price Per Gram

Total Zakahable Gold and Silver (By Weight)

Total Zakahable Gold and Silver (By Value)

Cryptocurrencies and Collectibles

Cryptocurrencies held as investments, NFTs and digital collectibles, gold and silver collectibles. Non-gold and silver collectibles are only Zakahable if they are intended for resale in the next 12 months.

Value of all types of Cryptocurrencies Holdings

Total Value of NFTs (Short term trading)

Total value of any NFTs which you purchased to resell within 12 months.

Value of Gold/Silver Collectibles

Zakah is due on all gold and silver collectibles.

Total Value of Other Collectibles (Short term trading)

Total value of any collectible items which you purchased to resell within 12 months.

Total Zakahable Cryptocurrencies and Collectibles

Receivables (Money owed to you)

Money owed to you because you gave a loan. Do not include wealth you became entitled to, such as an overdue salary, dowry, or inheritance.

Total Value of Short-Term Loan Provided

A loan you provided and expect to receive repayment within 12 months.

Have you Provided any Long-Term Loans that you want to calculate and pay Zakah on?

A loan you provided and do not expect to receive repayment within 12 months.
Note: You are still required to pay Zakah on long-term loans. However, you may choose to pay it now or defer payment until you receive the loan, at which point you would calculate and pay for the past years.

Total Value of Long-Term Loan Provided

You have the option to pay zakat on the long-term loan now, or you may backdate and repay the owed zakat once you are repaid the loan.

Total Zakahable Receivables

Money Pool (Kameti)

In your current active cycle, what is your status?

How much do you contribute monthly?

How many months have you contributed so far in the current cycle?

Total Zakahable Wealth in Money Pool

Please fill out these amounts in the Liabilities next section.

Other Zakahable Assets

These may include: Livestock - If someone owns zakatable animals (e.g., camels, cows, goats, sheep) in large numbers for trade or breeding, this applies. Please refer to your local scholars for help with these calculations. Agricultural Produce (Crops) - For farmers with zakatable crops like wheat, dates, barley, raisins, etc., zakat is due at harvest time (not annually). Please refer to your local scholars for help with these calculations. Savings for Specific Purposes - Even if money is “set aside” for Hajj, a house, a car, marriage, etc., it is still Zakahable unless it is already spent.

Property Marked for Sale

The house in which you live or any rental properties you may own are not subject to Zakah. If a property or other fixed asset is purchased with the intent to resell, then the entire sale value of the property is subject to Zakah. If the property is marked for sale and your Zakah becomes due but you don't have enough cashflow to pay Zakah, then you may pay it once the funds are available. Allah knows best

Other Zakahable Assets

Please enter the total zakatable amount of any other zakatable assets you may own

Overdue Zakah from Previous Years

Total Other Zakahable Assets

GROSS ZAKATABLE ASSETS

Deductibles and Liabilities

Short-term debts due within 12 lunar months, up to 12 lunar months’ worth of long-term loan payments (principle payments only- no interest), and any other overdue bills or expenses. Do not include future expenses, such as rent or future bills.

Regular Monthly Expenses

Rent

One month's rent. Do not include mortgage payments here

Total Amount of All types of Bills

Due in your zakat month (the month in which your zakat date falls)

Child care/Tuition

Owed in your zakat month (the month in which your zakat date falls)

Groceries/Family Essentials

Your average monthly grocery bill amount

Car Lease Payment

Due in your zakat month (the month in which your zakat date falls)

Other expense due in your zakat month

Total Monthly Expenses

Personal Liabilities (Money You Owe)

Monthly Mortgage/House Purchase Payment

Capital payment portion only. Do not include any interest payments

Monthly Car Finance Payment

Capital payment portion only. Do not include any interest payments

Student Loan

Any amounts you are repaying in the next 12 lunar months only.
Note: Should not include interest

Money Pool (Kameti) Monthly Repayment Amount?

How much you pay back to the money pool each month for a payout you have already received.

How many payments for this Money Pool will you be making over the next 12 Lunar months?

Overdue expenses, bills, etc

Other Short-Term Debts

Any debts you intend to pay off in the next 12 lunar months only.

Total Liabilities

TOTAL DEDUCTIBLES

Summary and Results

Ensure that Zakah-Eligible Total Exceeds Nisab $598

GROSS ZAKATABLE ASSETS

Total value of assets before deductions.

TOTAL DEDUCTIBLES

Total value of assets for deductions.

NET ZAKATABLE ASSETS

Total zakatable assets after deductions.

Please note that in the Hanafi School, Zakah is not due on the wealth of children. It is, however, strongly recommended that the child's parents/guardians discharge this zakat on the child's behalf.

TOTAL ZAKAT DUE

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