How do you calculate zakat in one sitting? Use a simple worksheet: list every zakatable asset on your lunar anniversary date, subtract qualifying debts, confirm you are above nisab for a full year, then pay 2.5% on the net total. This 2026 worksheet walks through each line item (cash, gold, investments, business inventory, and real estate rules) and links to deeper guides for every category you have already published this month.
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Before You Start: Date and Nisab
- Pick your zakat date (lunar anniversary or Ramadan). See when to pay zakat
- Confirm nisab in dollars on that date. See nisab threshold 2026
- Use market values on the zakat date, not purchase price
- Convert everything to one currency (USD for U.S. residents)
2026 Zakat Worksheet (Personal)
| Line | Asset | Value on zakat date | Zakatable? |
|---|---|---|---|
| 1 | Cash and checking | $________ | Yes |
| 2 | Savings and money market | $________ | Yes |
| 3 | Gold and silver (jewelry per your madhab) | $________ | Usually yes |
| 4 | Stocks, ETFs, mutual funds | $________ | Yes at market value |
| 5 | Retirement accounts (401k, IRA, Roth) | $________ | Scholarly views differ |
| 6 | Crypto and Bitcoin | $________ | Yes per most views |
| 7 | Rental/investment real estate (saved income) | $________ | Rules vary |
| 8 | Business inventory and receivables | $________ | Yes for trade goods |
| 9 | Less: qualifying short-term debts | ($________) | Deduct per rules |
Subtotal zakatable wealth = Lines 1 through 8 minus Line 9. If subtotal is above nisab and held one lunar year, zakat due = 2.5% of subtotal.
Line-by-Line Guides (2026 Cluster)
- Cash and savings: how to calculate zakat on savings and cash
- Gold and jewelry: zakat on jewelry and zakat on gold and silver
- Investments: zakat on investments
- Retirement accounts: zakat on retirement accounts
- Crypto: zakat on cryptocurrency
- Real estate: zakat on real estate and rental property
- Business: zakat on business assets
- Debts: zakat on debt and liabilities
Example Calculation
A household on its Ramadan zakat date holds $12,000 cash, $48,000 in halal ETFs, $6,000 in gold (Hanafi view on jewelry), and $3,000 in short term credit card debt that qualifies for deduction. Net zakatable wealth = $63,000. Nisab is met. Zakat = $63,000 x 2.5% = $1,575.
Who Pays and Where It Goes
Each adult Muslim who owns wealth above nisab pays on their own assets. Spouses may calculate separately or together by agreement. Distribute to eligible recipients. See where to give zakat in the U.S. and the complete Islamic giving guide.
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FAQ
Do I include my spouse's assets?
Each person pays on wealth they own. Joint accounts are split by ownership share or agreement.
What if I am below nisab after debts?
No zakat is due that year. Track when you cross nisab again to start a new hawl.
Can I use the HalalWallet zakat hub instead?
Yes. Our zakat calculator and category pages mirror this worksheet with live nisab references.
Do I owe zakat on my primary home?
A home you live in is generally not zakatable as rental inventory. Rental property follows different rules in the real estate guide linked above.
Should I recalculate if prices move before I pay?
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Calculate on your set zakat date. Pay promptly after that calculation even if markets shift slightly afterward.
