Zakat Calculation Made Easy - Zakat Foundation of America

Zakat Calculation Made Easy >> Nisab is a minimum amount of wealth that a person must own for one year to be obliged to pay Zakat. If you own more than three ounces of pure gold (valued at $4,850 as of June 2012) and you have had it for more than a year, you are required to pay Zakat. >> Make Zakat calculation simpler by chosing a specific date of the lunar calendar of every year, such as Ramadan 21st, calculate the total value of your Zakatable wealth on that date, and give 2.5 percent of it (or the rate that applies to the type of wealth you own). >> You are not required to pay Zakat on belongings that you use, such as your house, car, clothes and business equipment. Zakat is also not based on your yearly income. Zakat is only paid on the wealth that is left over after taking care of your expenses. This wealth can be in the form of cash, gold, stocks, business commodities or other wealth.

>> Zakat can be paid at any time, however, most people pay it in Ramadan for the increased rewards during this blessed month. >> To simplify Zakat calculation for you, Zakat Foundation of America has developed an online Zakat calculator at ZAKAT.ORG. Easily fill out the worksheet which calculates your Zakat dues. This worksheet has been reviewed by Muslim scholars. Once you calculate your Zakat, choose a program that you would like to donate your Zakat to and make a secure donation online. >> We have 100s of Zakat FAQs answered for you available online at ZAKAT.ORG.

Donate today at ZAKAT.ORG | [email protected] | 1.888.ZAKAT.US | PO Box 639, Worth, IL 60482 Donations are zakat-eligible, tax deductible, and U.S. tax exempt. ID#: 36-4476244

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