Saudi Arabia Zakat Calculator 2023
Calculate Zakat Liability (2.5%) on Zakatable Wealth
Introduction
🎯 What
Computes the Zakat liability for individuals and businesses as per Saudi Zakat regulations.
👥 Who
Saudi individuals with zakatable assets, Companies, Accountants, and Tax consultants
💡 Why
To estimate Zakat liability, ensure compliance with regulations, and plan financial contributions.
💰 Zakatable Assets
➖ Deductions
Personal property, non-productive assets
📊 Zakat Summary
Calculation Breakdown
Zakat Slabs & Rates 2023
Standard Zakat Rate
2.5% of Zakatable wealth annually.
- Cash and bank balances
- Trade receivables
- Inventories
- Investment assets
- Business profits
Allowances & Deductions
Outstanding debts may reduce Zakatable wealth.
- Outstanding debts
- Non-Zakatable assets (personal property)
- Exempt investments
Calculation Examples
Example 1: Individual
Cash: SAR 100,000 | Investments: SAR 50,000 | Debts: SAR 20,000
Total Zakatable Wealth = 130,000
Zakat = 130,000 × 2.5% = SAR 3,250
Example 2: Company
Cash: SAR 500,000 | Inventory: SAR 200,000 | Receivables: SAR 100,000 | Debts: SAR
50,000
Total Zakatable Wealth = 750,000
Zakat = 750,000 × 2.5% = SAR 18,750
Frequently Asked Questions
Q: Who must pay Zakat in Saudi Arabia?
A: Saudi individuals and companies with zakatable assets.
Q: What assets are subject to Zakat?
A: Cash, investments, business assets, gold, and silver.
Q: Are personal items included?
A: No, personal-use assets are exempt.
Q: Can liabilities reduce Zakat?
A: Yes, debts are deducted from total zakatable assets.
Q: How is Zakat calculated?
A: Net Zakatable Assets × 2.5%
Q: What is Nisab?
A: Minimum wealth threshold for zakat obligation, equivalent to 85g of gold.
Disclaimer: This Saudi Arabia Zakat Calculator 2023 is for informational purposes only. Rates, exemptions, and rules are based on Saudi ZATCA zakat regulations and Sharia principles. ANTIGRAVITY is not responsible for legal, accounting, or financial decisions.