How to work out zakat on savings

If your total savings exceeds the current Nisab value determined by Jamiat Ulama and has been in your possession for a full islamic year, the payment of zakat becomes compulsory on the amount accumulated.

The standard Zakat rate is 2.5% of this amount. To work out how much is due, multiply the total value of your eligible savings by 0.025 (2.5%) to determine the Zakat amount.

Use our easy Zakat Calculator to work0ut your amount.