Zakat 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?

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?

Zakatable 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 Zakatable 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 Zakat on?

A loan your business provided and DOES NOT expect to receive repayment within 12 lunar months.
Note: You are still required to pay Zakat 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 Zakatable 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 Zakatable 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 Zakatable Gold and Silver (By Weight)

Total Zakatable 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 Zakatable 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

Zakat 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 Zakatable 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 Zakat on?

A loan you provided and do not expect to receive repayment within 12 months.
Note: You are still required to pay Zakat 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 Zakatable Receivables

Other Zakatable Assets

Properties bought for resale are Zakatable. Rental properties and personal residences are not subject to Zakat.

Property Marked for Sale

The house in which you live or any rental properties you may own are not subject to Zakat. 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 Zakat. If the property is marked for sale and your Zakat becomes due but you don't have enough cashflow to pay Zakat, then you may pay it once the funds are available. Allah knows best

Other Zakatable Assets

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

Overdue Zakat from Previous Years

Total Other Zakatable Assets

GROSS ZAKATABLE ASSETS

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Zakat Calculator – USA

Introductory Information

Zakatable Assets (What You Own)

Cash and Liquid Assets

Business Assets

Investment Assets

Gold and Silver

Cryptocurrencies and Collectibles

Receivables (Money owed to you)

Other Zakatable Assets

Deductibles and Liabilities

Regular Monthly Expenses

Personal Liabilities (Money You Owe)

Summary and Results

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