Business zakat calculator

Fill in the figures on your zakat date. The result updates as you type and explains what counts.

Your zakat date and method

Method

AAOIFI Shari’ah Standard 35The net assets method of Islamic financial institutions. Gold nisab (85 g).National Zakat Foundation (UK)NZF business guidance. Silver nisab (612.36 g); money owed for services doesn’t count.

Zakat year

A Hijri date, such as 1 RamadanLunar year: 2.5%.Our financial year endSolar year: 2.577%, because it is 11 days longer.

Zakat date8 February 2027 is 1 Ramadan 1448 AH. The day the figures are from.

Currency

What the business owns that counts

Use the values on your zakat date. Leave out anything you don’t have.

Cash and bank balancesIncluding savings accounts and balances at PayPal, Stripe or Mollie.

Money customers owe for goodsUnpaid invoices you expect to be paid.

Money customers owe for servicesCounts under AAOIFI, not under NZF.

Other money owed to youVAT to reclaim, money you lent.

Deposits you’ll get backRent and utility deposits. AAOIFI counts them once, when they come back; NZF every year.

Stock, at what you would sell it forThe selling value, not what it cost you.

Raw materialsMaterials that become part of your products, at today’s value.

Work in progressAt its value in its current state.

Investments held to sellShares, funds or crypto, at today’s value.

Gold and silverAt today’s value.

What the business owes

Only debts payable within the next 12 months are deducted.

Suppliers you haven’t paid yetBills for goods and services you received.

Taxes dueVAT, payroll tax and corporate tax you have to pay.

Bills, wages and rent that are dueOther short-term debts, payable within 12 months.

Payments received for work not yet doneCustomers paid in advance for something you still owe them.

Short-term loans, overdrafts and credit cardsThe amount borrowed, payable within 12 months.

Long-term loans: repayments due in the next 12 monthsThe part of the amount borrowed you repay this year, without interest.

What did the long-term loans pay for?

Stock, wages or day-to-day costsEquipment, vehicles or premises

AAOIFI doesn’t deduct debts that paid for things you use in the business; NZF does. Overdrafts and credit cards count as day-to-day money. For loans that paid for both, the app works out the share from your books.

Nisab

Filled in with the price on your zakat date when we have it. Change it if your jeweller quotes another price.

Gold price per gram (EUR)Used by this method.

Silver price per gram (EUR)Used by the other method.

The owners’ other savings and investments already reach the nisabThe nisab is about a person’s total wealth. Tick this and zakat is worked out even when the business alone is below it.

Clear the form

Result

Fill in at least one amount to see the zakat.