Zakat Calculator

Calculate your Zakat
in just a few steps.

Zakat is the third pillar of Islam. At Maison Masjid Canada (MMC), this calculator helps you estimate your Zakat based on your eligible assets, gold, silver, investments and immediate debts.

Calculate my Zakat Understand the calculation

Before calculating your Zakat.

Essential guidance to help you understand the 2.5% rate, the Nisab and how your Zakat is calculated.

Rate generally applied to eligible net wealth

Common reference for the gold-based Nisab

Common reference for the silver-based Nisab

Begin by listing the assets subject to Zakat: cash, bank balances, gold, silver, investments, money owed to you and relevant business assets.

Next, subtract eligible immediate debts and obligations, such as certain bills currently due and certain short-term payments. The exact rules may vary depending on the school of jurisprudence or calculation method you follow.

When your net wealth meets or exceeds the Nisab, the calculator applies 2.5%. If it remains below the threshold, no Zakat is estimated for that calculation date.

The Nisab is commonly based on the value of 87.48 grams of gold or 612.36 grams of silver. Because these two references produce different thresholds, it is important to know which one the calculator uses.

This calculator compares your net wealth with the silver-based Nisab. This lower threshold may make more people eligible to pay Zakat.

Zakat is generally assessed once every lunar year on a consistent date. Many people choose Ramadan, but your date depends on when your wealth first reached the Nisab and on the method you follow.

Metal prices can fluctuate. Verify the rate, its last update date and the Nisab method before finalizing your payment.

Your assets

Start with the essential amounts. Empty fields count as zero, and you can edit your answers before paying.

Essentials

When uncertain, enter a reasonable estimate and verify it before paying.

Cash at home and in the bankCash, chequing accounts, savings accounts and other available balances.

CAD

Money owed to youInclude amounts you reasonably expect to receive.

CAD

RRSP or RESP savingsInclude only the portion considered accessible and Zakatable under the calculation method you follow.

CAD

Optional details

Complete only the fields that apply to your situation.

$0.00

Gold you own

Silver you own

Stocks, shares and investmentsUse the estimated current value and apply the appropriate method for the type of investment.

CAD

Investment property and assets intended for resaleDo not include your primary residence. The treatment of rental property or property intended for resale varies depending on its use.

CAD

Zakat FAQ.

Fundamentals and obligation

In general, there are no broad exceptions or exemptions from paying Zakat in Islam. Zakat is considered an obligatory duty for eligible Muslims whose wealth exceeds the minimum threshold, or Nisab, and who meet the conditions for paying Zakat. The concept of Zakat is rooted in social and economic justice, under which those with greater wealth are required to assist those in need. However, in certain specific circumstances, some assets may be exempt from Zakat.

Calculation, assets and debts

Payment and beneficiaries

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

Al-Fuqaraa’ (the poor): People who have little or no means of supporting themselves. They are unable to meet their basic needs, and Zakat may help relieve their poverty.
Al-Masakeen (the needy): This category includes people who are not extremely poor but still require financial assistance to meet their essential needs.
Amil Zakat (Zakat administrators): People or organizations responsible for collecting, distributing and administering Zakat. They may receive Zakat funds to cover their administrative expenses.
Al-Mu’allafatu Qulubuhum (those whose hearts are to be reconciled): This category includes people who are not Muslim or who are new to Islam and may receive Zakat funds to encourage and strengthen their faith.
Fir-Riqaab (freeing those in bondage): Zakat may be used to help free enslaved people or those in servitude, as this is considered a means of promoting freedom and justice.
Al-Gharimeen (debtors): People who are in debt and unable to repay their debts may receive Zakat to ease their financial burden.
Fi Sabilillah (in the cause of Allah): Zakat may be given to those engaged in spreading Islam, defending Muslims or supporting another just cause in the cause of Allah.

Whether Zakat may be given to close relatives or members of one’s immediate family is a matter on which Islamic scholars hold differing opinions. The four major schools of Islamic jurisprudence—Hanafi, Maliki, Shafi’i and Hanbali—have different positions on this matter. Their general views are as follows:

The Hanafi school: Hanafi scholars generally hold that Zakat cannot be given to immediate family members, including parents, children and spouses. It may, however, be given to more distant relatives, such as cousins or in-laws.
The Maliki school: According to Maliki scholars, Zakat cannot be given to parents or grandparents. However, it may be given to certain other close relatives, such as children, siblings and grandchildren.
The Shafi’i school: Shafi’i scholars permit Zakat to be given to close relatives, including parents, children and spouses, provided that they are eligible beneficiaries within the Zakat categories mentioned in Islamic teachings.
The Hanbali school: Hanbali scholars take a broader view and permit Zakat to be given to close relatives, including parents, children and spouses, provided that they meet the eligibility criteria.

It is important to emphasize that Zakat is intended to be distributed to eligible people in need, regardless of their relationship to the donor. Therefore, if your close relatives meet the beneficiary criteria, giving them Zakat may be permissible according to the Shafi’i and Hanbali opinions. However, if you follow the Hanafi or Maliki school, giving Zakat to immediate family members such as parents, children and spouses may not be permitted.