Zakat Calculator

What Is Zakat And Zakat Calculator?

Zakat Calculator Converter is mainly for rich peoples to calculate their wealth like gold, silver, property, animals and provide their zakat money to the needy peoples of their nearby community. As all of the muslim world knows that Zakat is one of the most important of the five pillars of islam religion. It basically represents a mandatory form of religious tax or alms giving. Meanwhile the awsome mechanism of Zakat is designed to ensure that money or wealth do not stuck in rich people hands. Zakat basic concept is based on the rule of take from rich peoples and give to the poor people. Which help any community to grow more effectively and in a better way.

Moreover the meaning of the zakat word is to purify or grow. So, in islamic law the Shariah said its is the requirement for the adult peoples who are mentally stable and muslims who have a certain amount of wealth including gold, silver, money, property or any other assets for one lunar year must give 2.5% of their wealth as zakat to their nearby needy and poor people for the Name Of God. Meanwhile Nisab is calculated on the basis on the price of 87.48 grams of gold and 612.36 grams of silver in assets.

Zakat concept was present even in the early years of Islam in Makkah. But as a mandatory and formal institution Zakat was established in 2 A.H. shortly after the Prophet Muhammad PBUH migrated from Makkah to Madina. Meanwhile the specific rules about the percentages of different type of assets was set. It includes assets like gold, silver, livestocks, crops and cash money you possesses.

In islamic religion Zakat is not considered as a charity like in others. But it is a right of the poor peoples of the rich and wealthy peoples of the community which they should give in one lunar year. Spirtually it purifies the soul of the rich person spending on poor peoples from greed and excessive love of the material things and possessions. It also reminds us that everything belongs to God and as his men we must give the additional assets to the other needy humans.

Zakat also make us feel that our wealth is made Halal, and blessed by God by spending on poor needy peoples. Most importanly by taxing static or holding wealth encourages the muslims to invest their money assets in different fields of life. Which help the economy move forward rather than holding the money will make the economy motionless. And because of this fact the people will have a change to earn money by working in different fields by providing several jobs. Thats make the community crime free and safe for everyone.

The tool we build to calculate your assets like cash in hand or banks, gold, silver, shares, stocks or investments, other business assets, crops, property as well as your expenses and the loans you have to pay. It will automatically calculate the asset which is more than the set asset limit and also take care of your expenses and loans you should pay. So its the best working tool for any Muslims living in Malaysia or all around the world to calculate the Zakat correctly.