Zakat is the third pillar of Islam. This graceful charitable giving represents the unbreakable bond between members of our community, whom Prophet Muhammad (peace and blessings be upon him) described to be “like the organs of the body, such that if one [organ] suffers then the others rally in response.” The Mosque Foundation has been helping thousands of Muslims fulfill this important pillar of Islam, and their Zakat contributions have helped many needy families.
Here you will find brief answers to frequently asked questions about Zakat. These answers are concise, and if you want more explanations, then we encourage you to speak to your Imam. To calculate your Zakat, you’ll also find here our Zakat Calculator. Both the Calculator and the answers to the questions are based on respected Fiqh references, and they were reviewed and approved by Muslim scholars. For Questions, click here for Zakat FAQ.
|1- Cash on Hand and in Bank Accounts|
|2- Current Value of Gold and Silver|
|3- Non-delinquent Loans|
|4- Expected Receivables|
|5- Current value of stocks and shares|
|6- Retirement Accounts and Pension Plans you can Withdraw|
|7- Business Cash on Hand and in Bank Accounts|
|8- Business Inventory|
|Value of 1 oz. Gold (USD)|
|Nissab (3x value of Gold)|
|Total amount subject to Zakat|
(If the amount is 0, then no Zakat is due.)
|Additional Sadaqa (optional)|