Offering Zakah is one of the main tenets of Islam.
Zakah is payable on 2.5 percent of the wealth one possesses above the nisab. Nisab, which is equal to the value of three ounces of gold, is the minimum amount of wealth one must have and have maintained for one lunar year before they are liable to pay zakah. The nisab amount listed below is based on the latest available report for Aug. 3, 2013 (disclaimer: this number may change daily depending on fluctuations in the gold exchange rate.).
Zakah is owed on gold, silver, cash, savings, investments, rent income, business merchandise and profits, shares, securities, and bonds.
Islamic Relief collects and distributes zakah to those who are most in need, in accordance with Islamic guidelines.
For more information about zakah, check out Zakah Frequently Asked Questions.
To use the calculator, enter the corresponding amount in each field. Do not include symbols such as the dollar sign or commas. If the amount it zero (“0″), leave the field blank. Tip: Make a note of your zakah total before clicking the Pay Your Zakah Now button so that you have a record of the proper amount to enter on the donation form.