How much zakat do you pay?
Zakat is a core pillar of our faith and helps us to grow closer to Allah (SWT). Giving your Zakat through UK Care has the potential to change lives for many years.
Zakat is obligatory for any Muslim who has more wealth than the Nisab – the threshold at which Zakat is obligatory.
To work out your Zakat, we need to add up all the things you own, take away anything you owe to others, which gives us a total figure of your wealth. The Zakat due would be 2.5% of that wealth.
So for example, if today’s nisab value is £367.76 (silver) we would add up all your savings and assets. You may have £2000 cash savings and £1000 in gold jewelry. As your total is above the niqab value you would deduct 2.5% from the total and donate this amount. 2.5% of £3000 is £75. Note this is a very simplified example, in a proper calculation you may have liabilities and other zakatable assets.
Luckily you can use our handy zakat calculator to see what is due. Click here to calculate your zakat.
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