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 global Islamic Finance and FinTech expert advising international institutions. He authored Introduction to Islamic Fintech and pioneered research on complex Sharia products.

Mufti Faraz Adam is a global Islamic Finance and FinTech expert advising international institutions. He authored Introduction to Islamic Fintech and pioneered research on complex Sharia products.

Bank Card
Bank Card

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.

Give Now

SAKEENAH, Canada

Sakeenah provides shelter, mental health support, and financial assistance to vulnerable Muslim women and children across Canada to foster independence.

Give Now

SAKEENAH, Canada

Sakeenah provides shelter, mental health support, and financial assistance to vulnerable Muslim women and children across Canada to foster independence.

Give Now

UNHCR

UNHCR Canada’s Zakat program provides 100% Sharia-compliant cash assistance directly to the world’s most vulnerable refugee and displaced families.

Give Now

UNHCR

UNHCR Canada’s Zakat program provides 100% Sharia-compliant cash assistance directly to the world’s most vulnerable refugee and displaced families.

Give Now

UNHCR

UNHCR Canada’s Zakat program provides 100% Sharia-compliant cash assistance directly to the world’s most vulnerable refugee and displaced families.

Give Now

LaunchGood

LaunchGood is a global crowdfunding platform dedicated to supporting Muslim-led campaigns, including Zakat, Sadaqah, and community-driven humanitarian relief projects worldwide.

Give Now

LaunchGood

LaunchGood is a global crowdfunding platform dedicated to supporting Muslim-led campaigns, including Zakat, Sadaqah, and community-driven humanitarian relief projects worldwide.

Give Now

LaunchGood

LaunchGood is a global crowdfunding platform dedicated to supporting Muslim-led campaigns, including Zakat, Sadaqah, and community-driven humanitarian relief projects worldwide.

Give Now

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.

Give Now

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.

Give Now

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.

Learn More

Homes

Simple, transparent, Halal homeownership. Explore our co-ownership models to find the right financing journey.

Learn More

Wills

Secure your legacy in 20 minutes with legally binding, Shariah-compliant Islamic Wills generated online.

Learn More

Money

Manage your finances with Manzil Money: the Halal, interest-free way to save, spend, and budget.

Learn More

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.

Learn More

Homes

Simple, transparent, Halal homeownership. Explore our co-ownership models to find the right financing journey.

Learn More

Wills

Secure your legacy in 20 minutes with legally binding, Shariah-compliant Islamic Wills generated online.

Learn More

Money

Manage your finances with Manzil Money: the Halal, interest-free way to save, spend, and budget.

Learn More

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.

Learn More

Homes

Simple, transparent, Halal homeownership. Explore our co-ownership models to find the right financing journey.

Learn More

Wills

Secure your legacy in 20 minutes with legally binding, Shariah-compliant Islamic Wills generated online.

Learn More

Money

Manage your finances with Manzil Money: the Halal, interest-free way to save, spend, and budget.

Learn More

What our users say

What our users say

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.

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.

Stars

Having struggled with outdated finance spreadsheets in the past, I can confidently say that this finance template is a breath of fresh air. Its modern interface and well-organized tabs make navigation a breeze. Additionally, the template's built-in error-checking features give me peace of mind, ensuring accurate calculations and reports.

Jennifer W.

Stars

Being a busy professional, I needed a Finix that could handle complex financial calculations without being overly complicated. This template exceeded my expectations! Its pre-built formulas and functions are powerful yet easy to use. Whether I'm analyzing investment opportunities or creating financial reports.

David S.

Stars

I manage a small business, and this finance template has been a game-changer for us. It's incredibly user-friendly, even for those of us who aren't financial experts. The Finix clear visualizations and intuitive layout make budgeting and forecasting much more accessible.

John D.

Stars

I've used several finance companies in the past, but this one stands out for its versatility. It caters to various financial needs, from personal budgeting to corporate financial planning. The Finix customization options allow me to tailor it to my specific requirements, making it a truly adaptable solution.

Sofia L.

Stars

As a financial consultant, I have used numerous finance templates in my career, and I must say that Finix is top-notch! It offers a comprehensive set of tools and features that make financial analysis and reporting a breeze. It has truly streamlined my workflow and saved me countless hours. Highly recommended

Sarah M.

Stars

I'm a finance student, and Finix has been an invaluable learning tool. It covers a wide range of financial concepts and provides real-world scenarios for analysis. I appreciate how it combines theory with practical application, allowing me to sharpen my financial modeling skills.

Emily R.

Arrow
Arrow