Zakat Calculator for Individuals

/Zakat Calculator for Individuals
Zakat Calculator for Individuals 2019-04-11T19:55:54-06:00

Using the calculator below, enter the total value of your assets and expenses.  The calculator will calculate how much Zakat you owe this year:

Weight in grams Price per gram Estimated Value

1. GOLD

24 Carat Gold / Jewelry Weight in grams Price per gram Estimated Value
22 Carat Gold / Jewelry Weight in grams Price per gram Estimated Value
18 Carat Gold / Jewelry Weight in grams Price per gram Estimated Value
Other Gold Valuables. Please insert the Current Estimated Value Estimated Value
Subtotal

2. PRECIOUS STONES

Calculate the net market value of the Precious Stones like Diamonds, Rubies, etc. Add them to the Estimated Value Estimated Value
Subtotal

3. SILVER

Include household silver utensils, artifacts, and jewlery. For utensils, usually the silver is 90% pure so take 90% of the total weight. Weight in grams Price per gram Estimated Value
Subtotal

4. CASH IN HAND / BANK

Cash in Hand Estimated Value
Cash in Bank in Savings Accounts Estimated Value
Cash in Bank in Current Accounts Estimated Value
Cash held in Fixed Deposits Estimated Value
Subtotal

5. LOANS / INVESTMENTS / FUNDS / SHARES, ETC

Loans Receivable from Friends and Relatives Estimated Value
Investment in Govt Bonds Estimated Value
RRSP ( accessible net amount ) Estimated Value
Value of shares (stocks) including dividends. Take their market value on the date of calculation Estimated Value
Government Security Deposits, ADRs, etc Estimated Value
Investment in Private Chits, Funds, etc Estimated Value
Other Sources of Wealth Estimated Value
Subtotal

6. LANDED PROPERTY

Landed Property held as an Investment / Business (Estimate the current Maket Value) Estimated Value
Subtotal

7. BUSINESS

Value of saleable stock Estimated Value
Cash and receivable debts Estimated Value
LESS: Amount payable to suppliers (credit taken from suppliers for stocking goods) Estimated Value-
LESS: Bad debts Estimated Value-
Subtotal

8. GENERAL LIABILITIES - only the amounts which are due within the next 12 consecutive months. You need to deduct your direct payables or liabilities which are not deducted above

Loans taken from Friends / Relatives Estimated Value-
Loans taken from Banks / Institutions Estimated Value-
Income Tax / Wealth Tax Payable Estimated Value-
Subtotal

TOTAL ZAKAT PAYABLE (If this amount exceeds the amount of 5,000 CAD, then this amount is Zakatale)

The Ratio of Zakat

The Zakat amount to be paid

IMPORTANT NOTE: If you have a case that is not applicable above, please contact Al Rashid Mosque to speak to an Imam.



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