IFG Zakat Impact Fund
Over the last 3 years, IFG put together a Zakat Guide of charities that we think are having the biggest impact on this Ummah.
This year we have gone one further: the IFG Zakat Impact Fund is a dedicated fund to donate to the most strategically impactful (and otherwise overlooked) areas for the Muslim community.
IFG takes no fees, and your donation goes straight to the selected organisations.Download the Prospectus
Easily calculate the zakat you owe
Our calculator is free and caters for all asset classes
Easy to use
Simply input your assets and we will do the rest
View the zakat calculation, asset breakdown and tips so you know you are paying the right amount
Pick up where you left off
Save your portfolio details and next year you'll just need to update those that have changed
Donate your zakat to high impact, vetted recipients
You can donate all or part of your zakat to the IFG Zakat Impact Fund, a carefully-curated portfolio of donations to things that have long-term strategic benefit to the Muslim community.
*Please note we do not make any commission on zakat related payments.Download the Prospectus
Do zakat differently
We believe that by thoughtful zakat giving we can have a leveraged return on our donations. Certain causes have the power to 10x our zakat and make it go further.
How to calculate zakat?
Guide & FAQs
Zakat (‘zakat al-mal’), the third pillar of Islam is a compulsory 2.5% tax on wealth that is above the Nisab rate.
Zakat is paid annually and towards certain charitable causes that are eligible for Zakat. Zakat can be paid in instalments but it is best to be pay it all together.
Nisab refers to a value/threshold set by the Prophet Muhammad (peace be upon him). When an individual’s wealth and assets exceeds the Nisab, they are required to give Zakat.
Yes but it depends, read a more detailed article here.
Zakat al-fitr is a separate form of zakat that is paid before Eid. Your local Mosque will take Zakat al-fitr and provide a recommended rate.
Zakat can be paid any time of the year but it is due on the anniversary of the last lunar calendar date that you paid it last.
Many people opt to pay their Zakat in Ramadan to double up on rewards.
In short, yes. Money that you have lent out and expect to receive back will incur zakat each year as normal, however it depends on the type of loan. Read our full article on this here.