Current Nisab threshold (as of May 6, 2020): Estimated at $4,731.40*

*Using value of gold (three ounces or 87.48 grams)

CALCULATE YOUR ZAKAT

Assets and Liabilities
Value in U.S. Dollars
Cash at Home
Balance Held in Bank Accounts
Resale Value of Shares
Merchandise & Profits
Gold & Silver (at current value)
Property Held as Investment
Other Income
Total of Assets Liable for Zakat
Deduct Debts
Deduct Expenses
Zakat-Eligible Total
Ensure that Zakat-Eligible Total Exceeds Nisab
Your Zakat (0.025 x Zakat-Eligible Total)

Zakat is payable at 2.5% of the wealth one possesses above the nisab. Nisab, which is equal to three ounces of gold, is the minimum amount of wealth one must have before they are liable to pay zakat. *The nisab amount listed is based on the latest available report to us (note: This number may change daily depending on fluctuations in the gold exchange rate). Zakat is liable on gold, silver, cash, savings, investments, rent income, business merchandise and profits, shares, securities and bonds. Zakat is not paid on wealth used for debt repayment of living expenses such as clothing, food, housing, transportation, education, etc. IRUSA follows the practice agreed upon by most scholars, which states that collectors of zakat are one of the eight groups that are eligible to receive zakat. As such, IRUSA is eligible to use up to 12.5% of donations made to zakat-specific funds for core work, including administrative and operational functions. Finally, an important note: Please consider adding 2% when using Visa and Mastercard to your total zakat donation—this will compensate for any transaction fees deducted from your donation by the credit card companies, and will ensure that your intended zakat amount is paid in full.

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