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Zakat Calculator
Year
Cash & minimum Balance in the Bank which stayed with you through out the year $
Total Value of shares, stocks, bonds, etc. $
Total value of gold/silver certificates $
Total weight of gold in Jewelry oz.
Current price of gold per oz.
please copy from above chart
$
Total weight of silver in jewlery oz.
Current price of silver per oz.
please copy from above chart
$
    


Date/Time Last Modified: 10/1/2003 10:05:01 AM


Readers' Comment

Shahenshah: 10/5/2005 9:19:46 PM
its not user friendly....I could not find the price of Gold or silver from the charts...

Kashi: 10/9/2005 5:25:05 PM
What is nisaab? and can you show what percentage it is? Also can you show the net zakaat is what percent of total amount?

rubina: 10/26/2005 9:34:02 AM
no exclusion for debts?

umair: 10/28/2005 11:54:16 AM
Assalm Alaikum Kashi, The method of estimating the Nisab (minimum amount liable to Zakah) is applicable to cash ... Zakah becomes due upon reaching the Nisab or more than it

sara: 9/30/2006 1:09:00 PM
I am used to the fact that in Pakistan gold is weighed in grams rather than ounces, therefore I do not know how many grams make up ounces. Can anyone help?

Dzul: 10/5/2006 3:57:43 AM
To Sara, Here is the table conversion between imperial system to matriks system: 1. 1 Ounce = 28.34952312 grams so 1 gram = 0.03527396 ounces I hope this will help you to calculate your zakat. Dzul-Malaysia.

abdulghaffar: 10/6/2006 11:56:11 PM
Insha Allah - this will help those trying to understand zakat calculation: One Tola is 0.375 "Troy Oz", or around 11.6638 grams, so your 7.5 tola equals = (7.5 x 11.664) => 87.49 grams Reference for Tola measurement: http://en.wikipedia.org/wiki/Tola_%28measure%29 So - for gold - you should get it weighed and then pay Zakat on gold as follows: 1. If it is less than 7.5 tola - you don't have to pay anything. 2. If it is more than 7.5 tola - then you pay 2.5% of it (in money) Checking Dawn Newspaper (Oct 6th 2006) - Gold Price is listed as: Rs. 11,434/- for 10 gram. So you don't have to pay Zakat - if value of gold you have is less than (11,434/10)x87.49 = Rs. 100,036.07 And 2.5 of this Nisab is = Rs. 2,500.90 If you have jewelry of value more than Rs. 100,036.07 (say Average as of Ramadhan 2006) then you simply pay 2.5% of it in Zakat. If you want to find out equivalent price of Gold (and Silver) - you can do so at: www.goldprice.org, or check local newspapers Some Online Zakat Calculators: 1. http://www.hidaya.org/zakat/calculator.asp 2. http://www.islamicity.com/mosque/Zakat/Zakat_calculator.shtml 3. http://www.thezakat.org/Zakat-Calculator.aspx For explaination of the calculation for Zakat - pls read: http://www.hidaya.org/zakat/index.htm For details on Zakat - pls see Sayyid Sabid's Fiqh-as-Sunnah (I would recommend you keep this book - in 5 short volumes in your home) It is available in English from many places. Online version - section on Zakaat: http://www.usc.edu/dept/MSA/law/fiqhussunnah/fus3_41.html

Aman Kudiya: 10/18/2006 9:50:33 AM
The gold price is for 24 karat but most of our jewelry is of 22 karat. Shouldn't there be an adjustment to the gold price per oz? Also, what about your money in 401k and the deduction for loans? I guess these finer points be addressed when creating the calculator.

Mohammud: 1/15/2007 7:06:28 AM
Please refer me to chapter and verse in the Quraan where the percentage is stipulated that one has to give as Zakaat. I have read need to give Zakaat in various versus of The Holy Quraan with no mention of any fixed percentage. Please expalin this to me..........

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