Purify your wealth while giving hope to those in need
Perform your religious obligation of donating 2.50% of your wealth through Zakat al-Maal or Almsgiving.
Purify your wealth while giving hope to those in need
Perform your religious obligation of donating 2.50% of your wealth through Zakat al-Maal or Almsgiving.
Purify your wealth while giving hope to those in need
Perform your religious obligation of donating 2.50% of your wealth through Zakat al-Maal or Almsgiving.
What is Zakat?
What is Zakat?
Zakat is a mandatory Islamic alms-giving practice requiring Muslims to donate 2.5% of their qualifying wealth to support the needy.
Zakat is a mandatory Islamic alms-giving practice requiring Muslims to donate 2.5% of their qualifying wealth to support the needy.
Mufti Faraz Adam
Mufti Faraz Adam
Mufti Faraz Adam is a globally recognized expert in Islamic Finance, Islamic Social Finance & Islamic FinTech. He is advising several global Islamic financial institutions spread across the UK, US, Canada, Malaysia, Singapore, UAE and other countries. He recently authored a book on Islamic Fintech called ‘Introduction to Islamic Fintech’, and has written several research papers on Islamic Finance and complex products.
Mufti Faraz Adam is a globally recognized expert in Islamic Finance, Islamic Social Finance & Islamic FinTech. He is advising several global Islamic financial institutions spread across the UK, US, Canada, Malaysia, Singapore, UAE and other countries. He recently authored a book on Islamic Fintech called ‘Introduction to Islamic Fintech’, and has written several research papers on Islamic Finance and complex products.
The basics of Zakat
When, how, and who is eligible for zakat al-maal.
Step 1
When to Give
Zakat is paid annually once a person’s wealth maintains the Nisab threshold for one full lunar year (Hawl), often during the month of Ramadan.
Step 2
How to Calculate
Eligible Muslims typically donate 2.5% of their total qualifying liquid assets, including cash, gold, silver, and investments, after deducting immediate debts and living expenses.
Step 3
Who is Eligible
Recipients include the poor, the needy, Zakat administrators, new converts, those in debt, travelers, and those striving for God, as defined in the Quran.
The basics of Zakat
When, how, and who is eligible for zakat al-maal.
Step 1
When to Give
Zakat is paid annually once a person’s wealth maintains the Nisab threshold for one full lunar year (Hawl), often during the month of Ramadan.
Step 2
How to Calculate
Eligible Muslims typically donate 2.5% of their total qualifying liquid assets, including cash, gold, silver, and investments, after deducting immediate debts and living expenses.
Step 3
Who is Eligible
Recipients include the poor, the needy, Zakat administrators, new converts, those in debt, travelers, and those striving for God, as defined in the Quran.
The basics of Zakat
When, how, and who is eligible for zakat al-maal.
Step 1
When to Give
Zakat is paid annually once a person’s wealth maintains the Nisab threshold for one full lunar year (Hawl), often during the month of Ramadan.
Step 2
How to Calculate
Eligible Muslims typically donate 2.5% of their total qualifying liquid assets, including cash, gold, silver, and investments, after deducting immediate debts and living expenses.
Step 3
Who is Eligible
Recipients include the poor, the needy, Zakat administrators, new converts, those in debt, travelers, and those striving for God, as defined in the Quran.
Zakat is typically distributed to these four common groups of people to help them achieve financial stability:
The common categories of people eligible for
Zakat in Canada
Zakat is typically distributed to these four common groups of people to help them achieve financial stability:
1.
The Destitute (Fakir): Individuals who have no money, no property, and no way to earn a living for themselves.
2.
The Needy (Miskin): People who may have a job or some income, but it isn’t enough to cover their basic essentials.
3.
Those in Debt (Gharmin): Individuals overwhelmed by debt taken out for necessary, permissible expenses (like rent or medical bills) they cannot repay.
4.
The Stranded Traveler (Ibn Sabil): Anyone who is far from home and lacks the funds to complete their journey or reach safety.
Zakat Calculator
Assets
Cash
Gold
Silver
Debts Owed
Stocks Long
Stocks Short
RRSP
RESP
Crypto
Properties
Business Assets
Liabilities and Deductions
Personal Liabilities
Business Liabilities
Results
Estimated Zakat Due
$0
Total Assets
$0
Total Liabilities
$0
Zakatable Assets
$0
View Legal Disclaimer
The above calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and for informational purposes and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. This calculation assumes a constant financing/profit rate throughout the term period and that the financing/profit rate is compounded annually, not in advance. The mortgage payment amount may vary according to certain variables entered into the calculator and may not provide the precise dollar amount of your mortgage payment. The results will give you a general idea of the basic mortgage amount and mortgage payment amount based upon the information you have entered. Manzil does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Manzil uses reasonable efforts to include accurate and up-to-date information in this calculator, but cannot guarantee that all information is accurate, complete or current at all times. Please speak with your mortgage broker to assist you with determining what you can afford.
Give your Zakat today!
Give your Zakat today!
Explore giving your Zakat with one of our partners today.
Click on the partner to learn more and give your Zakat.
SAKEENAH, Canada
Sakeenah provides shelter, mental health support, and financial assistance to vulnerable Muslim women and children across Canada to foster independence.
SAKEENAH, Canada
Sakeenah provides shelter, mental health support, and financial assistance to vulnerable Muslim women and children across Canada to foster independence.
SAKEENAH, Canada
Sakeenah provides shelter, mental health support, and financial assistance to vulnerable Muslim women and children across Canada to foster independence.
UNHCR
UNHCR Canada’s Zakat program provides 100% Sharia-compliant cash assistance directly to the world’s most vulnerable refugee and displaced families.
UNHCR
UNHCR Canada’s Zakat program provides 100% Sharia-compliant cash assistance directly to the world’s most vulnerable refugee and displaced families.
UNHCR
UNHCR Canada’s Zakat program provides 100% Sharia-compliant cash assistance directly to the world’s most vulnerable refugee and displaced families.
LaunchGood
LaunchGood is a global crowdfunding platform dedicated to supporting Muslim-led campaigns, including Zakat, Sadaqah, and community-driven humanitarian relief projects worldwide.
LaunchGood
LaunchGood is a global crowdfunding platform dedicated to supporting Muslim-led campaigns, including Zakat, Sadaqah, and community-driven humanitarian relief projects worldwide.
LaunchGood
LaunchGood is a global crowdfunding platform dedicated to supporting Muslim-led campaigns, including Zakat, Sadaqah, and community-driven humanitarian relief projects worldwide.
Médecins Sans Frontières (MSF)/Doctors Without Borders
Doctors Without Borders (MSF) provides independent, impartial medical humanitarian aid to people affected by conflict, epidemics, disasters, or healthcare exclusion.
Médecins Sans Frontières (MSF)/Doctors Without Borders
Doctors Without Borders (MSF) provides independent, impartial medical humanitarian aid to people affected by conflict, epidemics, disasters, or healthcare exclusion.
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Products
Build your future, minus the compromise. Discover Manzil’s Sharia-compliant path to prosperity.
Invest
Invest with faith through Shariah-compliant portfolios. Partner with Corex to start or transfer investments today.
Homes
Simple, transparent, Halal homeownership. Explore our co-ownership models to find the right financing journey.
Wills
Secure your legacy in 20 minutes with legally binding, Shariah-compliant Islamic Wills generated online.
Money
Manage your finances with Manzil Money: the Halal, interest-free way to save, spend, and budget.
Products
Build your future, minus the compromise. Discover Manzil’s Sharia-compliant path to prosperity.
Invest
Invest with faith through Shariah-compliant portfolios. Partner with Corex to start or transfer investments today.
Homes
Simple, transparent, Halal homeownership. Explore our co-ownership models to find the right financing journey.
Wills
Secure your legacy in 20 minutes with legally binding, Shariah-compliant Islamic Wills generated online.
Money
Manage your finances with Manzil Money: the Halal, interest-free way to save, spend, and budget.
What our users say
What our users say
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Our users are at the heart of everything we do. We are committed to providing them with an exceptional experience and empowering them to achieve their financial goals.
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