Zakat Calculator

Calculate & Measure Your Impact

The Zakat is the third pillar of Islam and is obligatory for every Muslim who is mature, sane, free, and has accumulated the minimum required amount of wealth (nisab). By giving part of their wealth, Muslims perform a religious duty, cleanse their possessions, and contribute to society’s overall health by uplifting those in need of economic support and relief.

At Maison Masjid Canada (MMC), our Zakat Calculator helps you quickly and accurately determine your Zakat amount based on current nisab values for gold and silver. Whether you are calculating on cash, savings, investments, gold, or silver holdings, our simple and easy-to-use tool ensures you fulfill your Zakat correctly. Use our Zakat Calculator today and take the next step in purifying your wealth, supporting humanitarian efforts, and making a lasting impact through your charity.

How to Calculate Zakat

Zakat is calculated by subtracting what you owe from what you own. Start by listing all zakatable assets: cash, gold, silver, business inventory, investments, and savings, including those in a child’s account.

Next, deduct immediate liabilities such as bills, short-term debts, or loans due soon.

If your total assets after deductions exceed the Nisab threshold, you owe 2.5% on the net amount. If not, Zakat is not due this year.

Use the calculator below for a quick and easy assessment.

What is Nisab?

Nisab is the minimum amount of wealth you must have before Zakat becomes obligatory. It’s based on the value of either 87.48 grams of gold or 612.36 grams of silver. Since the silver value is lower, many use it so more people can give Zakat.

Nisab isn’t just a number. It’s a spiritual threshold. Crossing it means it’s time to purify your wealth and support those in need.

If unsure which value to use or when to pay, choose a fixed date each year. Many prefer Ramadan, but consistency is what matters most.

Zakat isn’t only about calculation. It’s about creating real impact.

Live Gold & Silver Rates (CAD)

Applicable Nisab Threshold: $1,383.93

Gold (87,48 g) | Nisab : 16 147,06 : -- CAD/g

Silver (612,36 g) | Nisab : 1 383,93 : -- CAD/g

Total Asset Value: -- CAD

Net Assets: $0.00

Nisab Threshold: $1,383.93

TOTAL ZAKAT DUE: $0.00

Purify Your Wealth — Pay Zakat Today

Zakat FAQ

What is Zakat, and what is its significance in Islam?

All four schools agree that Zakat is an obligatory act of worship in Islam, involving the giving of a portion of one’s wealth to those in need. Zakat holds significant importance as it purifies wealth, fosters social justice, and helps support the less fortunate members of society.

Who is obligated to pay Zakat, and how is the minimum wealth threshold (nisab) determined?

Each school agrees that Zakat is obligatory for Muslims who possess wealth above the minimum threshold (nisab). The nisab value is based on the current price of gold or silver and varies slightly among the schools.

How do I calculate my Zakat? What assets are subject to Zakat, and what is the applicable rate?

The principles of Zakat calculation and applicable rates are generally similar among the schools. They agree on applying a specific percentage (usually 2.5%) to Zakatable wealth, including cash, gold, silver, business assets, and some investments.

Can I deduct debts and liabilities from my Zakatable wealth?

The schools generally allow the deduction of debts and liabilities from Zakatable wealth, but there may be some differences in how they handle specific case.

Can Zakat be paid in advance, and what are the recommended times for giving Zakat?

The schools permit paying Zakat in advance, and the recommended time for giving Zakat is typically during the Islamic lunar month of Ramadan, although it can be given at any time of the year. Many Muslims choose to pay their Zakat during Ramadan, especially during the last 10 nights.

Can Zakat be given to charitable organizations and development projects?

Yes, Zakat can be given to charitable organizations and development projects that work towards promoting social welfare and development, as long as they meet the criteria of Zakat recipients. In Islam, Zakat is meant to be distributed to those who are eligible and in need, and it is one of the ways to fulfill this obligation is by contributing to reputable charitable causes.

Are there any exceptions or exemptions to paying Zakat?

In general, there are no exceptions or exemptions to paying Zakat in Islam. Zakat is considered an obligatory duty for eligible Muslims who possess wealth above the minimum threshold (nisab) and meet the conditions for Zakat payment. The concept of Zakat is rooted in the principle of social and economic justice, where those who have more wealth are obliged to help those in need. However, there are specific circumstances where certain assets may be exempt from Zakat.

What are the different categories of people eligible to receive Zakat?

The different categories of people eligible to receive Zakat, as mentioned in Islamic teachings, include the following:

Al-Fuqaraa’ (The Poor): These are individuals who are destitute and have little or no means to support themselves. They are unable to meet their basic needs, and Zakat can help alleviate their poverty.
Al-Masakeen (The Needy): This category includes those who may not be extremely poor but are still in need of financial assistance to fulfill their basic requirements.
Amil Zakat (Zakat Administrators): This refers to individuals or organizations responsible for collecting, distributing, and administering Zakat. They can receive Zakat funds to cover administrative costs.
Al-Mu’allafatu Qulubuhum (Those whose hearts are to be reconciled): This category includes individuals who are not Muslims or are new to Islam and can be given Zakat funds to encourage and strengthen their faith.
Fir-Riqaab (Freeing Slaves): Zakat can be used to help free slaves or those in bondage, as it is seen as a way to promote freedom and justice.
Al-Gharimeen (Debtors): Individuals who are in debt and unable to repay their debts may be given Zakat to relieve their financial burden.
Fi Sabilillah (In the path of Allah): Zakat can be given to those who are engaged in Islamic propagation, defending Muslims, or any other just cause in the path of Allah.

Can I give Zakat to my close relatives or immediate family members?

The permissibility of giving Zakat to close relatives or immediate family members is a matter of differing opinions among Islamic scholars. The four major schools of Islamic jurisprudence (Hanafi, Maliki, Shafi’i, and Hanbali) have different stances on this issue. Let’s explore the general viewpoints:

Hanafi School: The Hanafi scholars generally hold the view that Zakat cannot be given to one’s close relatives, including parents, children, and spouses. However, it can be given to more distant relatives, such as cousins or in-laws.
Maliki School: According to the Maliki scholars, Zakat cannot be given to one’s parents or grandparents. However, it is permissible to give Zakat to other close relatives, such as children, siblings, and grandchildren.
Shafi’i School: The Shafi’i scholars permit giving Zakat to close relatives, including parents, children, and spouses, provided that they are eligible recipients under the categories of Zakat mentioned in Islamic teachings.
Hanbali School: The Hanbali scholars have a broader view and allow giving Zakat to close relatives, including parents, children, and spouses, as long as they meet the eligibility criteria.

It’s important to emphasize that Zakat is meant to be distributed to those who are eligible and in need, regardless of their relationship to the giver. Therefore, if your close relatives meet the criteria of eligible recipients, it would be permissible to give Zakat to them according to the views of the Shafi’i and Hanbali schools. However, if you follow the Hanafi or Maliki school, it would not be permissible to give Zakat to immediate family members like parents, children, and spouses.

When is Zakat due?

Zakat is due once every lunar (Hijri) year on the same date your wealth first exceeded the Nisab threshold. Many choose Ramadan for its spiritual benefits, but what matters is consistency. If the exact date is unclear, it is better to give earlier rather than delay.

How do I calculate Zakat on business income?

Zakat applies to assets intended for sale, such as stock, inventory, or products. Include profits not yet reinvested. Then deduct any outstanding business expenses or short-term debts to calculate your net zakatable wealth.

What if I owe debts?

Debts due within the next 12 months (loan installments or credit card bills) can be deducted from total assets. Long-term debts, such as the full amount of a mortgage, are not deductible. Only the upcoming payments count when calculating your zakatable amount.

Is there Zakat on pension funds?

If the pension is managed by the government or an employer and cannot yet be accessed, Zakat is not due. However, if it is a private or savings-type pension that is accessible and within your control, Zakat may apply. The key factor is whether the funds are liquid and available.

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