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Question:
Assalamu alaykum. How do you calculate zakat?
Answer:
As salām ʿalaikum wa raḥmatullāhī wa barakātuhu
In the Name of Allāh, the Most Gracious, the Most Merciful.
You may follow these steps to calculate your Zakāh:
- Cash & Investments – Add the total amount of all your cash (whether on hand or in the bank) and any investments.
- Gold & Silver – Weigh any gold or silver in your possession and determine its value based on the current market price.
- Business Goods – Include the total value of any business stock or trade goods that you own.
- Debts – Subtract any debts that you owe to others.
If the final total exceeds the Niṣāb threshold, you will calculate 2.5% of that amount and give it as Zakāh.
And Allāh Taʿālā knows best.