Finance Zakat
Estimate Zakat at 2.5 percent on qualifying wealth.
The net qualifying wealth is cash and savings plus gold and silver value minus debts owed, and the estimated Zakat is 2.5 percent of that net figure.
Worked example
For example, cash and savings of $20,000 plus gold and silver value of $5,000 minus debts of $2,000 gives net qualifying wealth of $23,000.00, and 2.5% of that is $23,000.00 x 0.025 = $575.00.
Frequently asked questions
Is this a religious ruling?
No. This is a simple 2.5 percent estimate for planning. Check nisab, debts and local scholarly guidance for your own case.
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