Calculating
As long as you have details of all the assets you own to hand, you can quickly find out how much you need to give.
Put simply, there are 4 simple steps to working out your Zakat:
Work out what you own
Then take off what you owe
Work out the balance and check that it’s more than the Nisab value (threshold – or the minimum amount that a Muslim must have before being obliged to zakat. )
Work out 2.5% of that and there you go, you’ve got your Zakat amount. Many people get confused about which assets they need to include in the calculation and which debts can be taken off. If you used our Zakat calculator, this will give you the amount you need to take out as Zakat.