Zakat Calculation Screen
This screen allows users to input financial details across asset categories and automates Zakat calculations based on Islamic rules.
General Fields
| Field | Description |
|---|---|
| company | Mandatory link to the user’s business entity (if applicable) |
| Fiscal Year (Hijri Dates) | Start and end dates of the fiscal year in Hijri format to align with Islamic financial cycles. |
| Gold/Silver Prices | Current market prices for 24K gold and silver per gram (used to calculate the Nisab threshold). |
| Nisab Threshold | Auto-calculated as85 × Current Gold Price. Zakat is only obligatory if wealth exceeds this threshold. |
Tabs and Sections
Cash & Bank Balances
- Total Cash Amount: Validates if the amount exceeds the Nisab threshold.
- List itemZakat Amount: Auto-calculated as 2.5% × Total Cash Amount.
Gold & Silver Holdings
- Gold Karat Selection: Converts holdings to 24K equivalent grams using: Equivalent Grams = Grams × (Selected Karat / 24)
Zakat Amount:
- Validates if the 24K equivalent value exceeds the Nisab threshold.
- Calculates as 2.5% × (Equivalent Grams × Gold Price).
Silver Zakat:
- Validates if silver holdings exceed the Nisab threshold.
- Calculates as 2.5% × (Total Silver Grams × Silver Price).
Business Assets
- Inventory Value + Receivables - Liabilities = Amount Eligible for Zakat.
- Zakat is calculated as2.5% of the eligible amount if it exceeds the Nisab threshold.
Total Zakat Amount
- List itemSummarizes Zakat obligations across all categories in a table.
