The Bridge of Wisdom
Sharia Consultancy & Halal Certification
Nisab and settings
Nisab based on
£
£
Zakat year
What you own
£
Include current and savings accounts, in any currency converted to pounds.Jewellery, coins and bars. Enter the weight of pure gold if you know it.
£
Value of shares held for trading. For long-term shares, ask us how to calculate the zakatable portion.£
Goods held for sale, at their current selling value.£
Loans you expect to be repaid.£
What you can deduct
£
Amounts you must pay now, such as overdue bills or instalments currently due. For long-term debts such as a mortgage, include only the instalment currently due.What you own
£
£
Amounts owed by customers that you expect to collect.£
Raw materials, work in progress and finished goods, at current market value.£
£
e.g. prepayments that can be recovered in cash.What you can deduct
£
Amounts due within the next 12 months: suppliers, short-term finance, tax and wages due.Fixed assets used in the business, such as buildings, machinery and vehicles, are not subject to Zakat.
Please note
- Zakat is due when net zakatable wealth stays at or above the Nisab for a full year.
- This calculator gives an estimate for common cases. Scholars differ on some details, such as the Nisab basis and the treatment of certain debts.
- The Gregorian rate of 2.577% reflects the longer solar year, following the AAOIFI Sharia standard on Zakat.
- For companies, shareholdings, pensions or complex assets, contact us for a written Zakat calculation.
ArticlesHow to calculate Zakat on business assets
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