Saudi Arabia Zakat Calculator 2024
Calculate Zakat Liability (2.5%) on Zakatable Wealth
Introduction
🎯 What
Calculates Zakat liability for individuals, companies, and eligible entities based on Shariah-compliant rules.
👥 Who
Individual Muslims with zakatable wealth, Businesses, Accountants, and Financial planners
💡 Why
To estimate annual Zakat payments, ensure compliance with Saudi regulations, and assist in financial planning.
💰 Zakatable Assets
➖ Deductions
Personal property, non-productive assets
📊 Zakat Summary
Calculation Breakdown
Zakat Slabs & Rates 2024
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: What is the standard Zakat rate in Saudi Arabia?
A: 2.5% of Zakatable wealth annually.
Q: Are personal assets included in Zakat?
A: No, personal non-business assets are exempt.
Q: Can debts reduce Zakat liability?
A: Yes, debts owed can be deducted from total Zakatable wealth.
Q: Is Zakat different from income tax?
A: Yes, Zakat is a Shariah-based obligation, separate from income tax.
Q: What is Nisab?
A: Minimum wealth threshold for zakat obligation, equivalent to 85g of gold.
Q: Can I pay part of Zakat before calculation?
A: Yes, partial payments are deducted from final payable amount.
Disclaimer: This Saudi Arabia Zakat Calculator 2024 is for informational purposes only. Rates, exemptions, and rules are based on Saudi ZATCA zakat regulations. ANTIGRAVITY is not responsible for legal, accounting, or financial decisions.