Current Nisab threshold (as of 01/04/2022):

Using value of silver (612,36 grams) – approximately €441.33

Using value of gold (87.48 grams) – approximately €4,897.04


Assets & Liabilities

Gold and Silver


Money


Business Assets


Short Term Liabilities



Simplifying your Zakat calculation

Calculating your Zakat isn’t as difficult as you may think. We find that breaking your assets down into different categories makes the Zakat calculation process really simple.

We have broken down the calculation process into Zakatable assets (gold, silver, cash, savings, business assets etc.) and Deductible liabilities (money you owe, other outgoings due) so you can calculate the Zakat you owe easily.

The amount of Zakat you need to pay will be determined once you have calculated the value of your net assets. You then need to see whether your net assets are equal to, or exceed, the Nisab threshold.

 

Using the Zakat calculator

Enter all assets that have been in your possession over a lunar year into the Zakat calculator. This will then give you the total amount of Zakat owed.

Islamic Relief © 2022 | All Rights Reserved | Islamic Relief Ireland is a Company Limited by Guarantee 564903 and is also a Registered Charity- RCN. 20153557 with charitable tax exemption CHY No. 21756

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