Calculate your zakat today

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 – have a read of this article or comprehensive guide.

And the following articles for Zakat on Crypto, NFTs and collectibles. 

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.