Calculating Zakat is an important part of fulfilling one of Islam’s Five Pillars. If your wealth has remained above the Nisab threshold for one full Islamic lunar year (Hawl), you are generally required to pay Zakat on your qualifying assets. The process is straightforward when broken down into simple steps.

Start by adding together all your zakatable assets, including cash, savings, gold, silver, investments, business inventory, and any money owed to you that you expect to receive. Next, subtract any eligible short-term liabilities or debts that are due. This gives you your net zakatable wealth.