Zakat Calculator - Zakat Foundation of America

Zakat Calculator
The Zakat Foundation of America offers our own zakat calculator to help you determine how much zakat you need to pay. The zakat calculator considers your comprehensive net assets (total wealth). Remember that charity in Islam (Zakat) is not just one of the core pillars of Islam, but a tool to help ease poverty, suffering and hardship throughout the globe.
Cash on hand and in bank accounts (savings, checking, etc.)
Refundable deposits (e.g. on rented apartment)
Non-delinquent loans (money you loaned to others)
Expected Tax refund
Gold, Silver and Precious Items
NumberShares, stocks, bonds, IRA, pension plans, options, etc.
Business cash on hand and in banks plus invoices due.
Net value of business inventory and trade goods
Net income you are entitled to as of Zakat due date (e.g. your next paycheck that you worked for already)

Payment Methods Accepted

Your donations are tax exempt under the section 170 of the 501(c)(3) section of the IRS code.
Zakat Foundation of America Tax EIN: 36-4476244
For more information on tax exempt status please refer to this letter.