Mira Equities · Islamic Finance
Free, scholarly-reviewed, and based on Hanafi fiqh. Calculate your Zakat accurately across all asset types and 50+ currencies.
Zakat is one of the Five Pillars of Islam — an obligatory annual payment of 2.5% of qualifying wealth, given to those in need. It is due on Muslims who hold wealth above the nisab threshold for one complete lunar year (hawl).
To calculate your Zakat: add all zakatable assets (cash, gold, silver, trade goods, investments, and rental income), subtract any immediately due debts, and if the net amount exceeds the nisab threshold, pay 2.5% as Zakat.
The nisab is the minimum wealth threshold above which Zakat becomes obligatory. It is based on either the value of 612.36g of silver (the classical Hanafi default) or 87.48g of gold. Silver nisab is recommended for mixed assets as it is the lower of the two, ensuring more people give and more poor benefit.
According to the Hanafi school of thought — followed in this calculator — Zakat is due on all gold and silver jewellery regardless of whether it is worn for personal use. The Maliki and Shafi'i schools exempt personal jewellery within reasonable limits. Please consult your scholar if you follow another madhab.
This calculator is based on Tasheel Bahishti Zewar (Maulana Ashraf Ali Thanawi رحمه الله) and the published works of Justice Mufti Muhammad Taqi Usmani, including An Introduction to Islamic Finance and The Historic Judgment on Interest. Islamic financial products referenced are based on Hanafi rulings and have been agreed upon by scholars across all major schools of thought. For zakat rulings specific to other madhabs, please consult your scholar.