Zakat ul-Mal Calculation (USA)
Zakat ul-Mal Calculation
(For lines 1 – 8 below, enter 0 if you possessed the asset for less than one complete lunar year.)
1)________ Cash on hand and in bank 1)________
2)________ Gold and silver (coins, bars, jewelry1, etc.)
3)________ Non-delinquent loans (money you loaned to others and expect to be repaid)
4)________ Shares of stock
5)________ Loans (money you borrowed for business purposes)
6)________ Business inventory, (market value of inventory items at the Zakat due date)
7)________ Real estate (designated for sale)
8)________ Net profits from business
Total amount —add lines 1-8.
9)________ (Enter 0 if amount is less than nisab2)
$________ Zakat due = (total on line 9) X (0.025)
1Jewelry is not subject to Zakat unless its amount is excessive or is for business purposes.
2 Nisab is 3 ounces of pure gold valued at approximately $4,020 as of August 24, 2016.
