Wealth zakat - 1447 / 1448 H

Zakat

Your zakat, worked out exactly for the Shafi'i school: aggregated across every asset class, measured against the nisab, and ready to sign off and pay before your haul date.

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Your zakat for this

Wealth zakat, 1447 / 1448 H, on the Shafi'i school

Above nisab

$16,835

Payable on or before Safar 17, 1448 AH.

Why this amount?

Zakat is 2.5% of the wealth you have held above the threshold for a full lunar year (the ). We total your zakatable assets, set aside what is exempt such as your home and CPF, deduct debts due within the year, and take one fortieth of what remains.

Zakatable $673,400Nisab $9,623· 70× above

Zakatable wealth

$673.4K

Held above nisab

Nisab

$9.6K

87.48g gold

Rate

2.5%

One fortieth

Zakat due

$16.8K

Due Saf. 17, 1448 AH

From wealth to obligation

How the figure is built

Each step narrows your wealth down to the base that zakat applies to.

Total assets held$2,291,400

Less exempt (home & CPF)-$1,534,000

Less deductible debts-$84,000

Zakatable base$673,400

Zakat due at 2.5%($673.4K × 2.5%)$16,835

Your haul

34days to zakatSaf. 17, 1448 AH

Haul began

Saf. 7, 1447 AH

Zakat due

Saf. 17, 1448 AH

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Nisab this haul

Gold standard87.48g

Gold price$110/g

Nisab value$9,623

Your wealth sits well above this line, so zakat is due for the full haul.