Pure gold equivalent: 0.00g. Jewelry held for investment/savings is zakatable according to the majority of scholars.
2. Cash & Bank Balances
Zakatable: $0
$
$
$
$
3. Stocks, ETFs & Shares
Zakatable: $0
$
Shares purchased with the intention of short-term trading/capital gains are considered trade assets.
$
AAOIFI & Fiqh Academy standard: 25% of market value represents underlying zakatable liquid assets = $0.
$
4. Real Estate & Rental Properties
Zakatable: $0
$
The property building itself is EXEMPT. Only net rental profit accumulated and held at Hawl date is zakatable.
$
If purchased with the express intention to sell for profit, the current estimated market value is 100% zakatable.
5. Business Inventory & Trade Receivables
Zakatable: $0
$
$
$
* Fixed assets such as machinery, store fixtures, computers, and office furniture are EXEMPT from Zakat.
6. Retirement Accounts (401k / IRA / Pension)
Zakatable: $0
Is this account accessible for early withdrawal?
$
Deductions applied: 10% early withdrawal penalty + 20% estimated tax (70% net factor).
Net Zakatable Amount: $0
7. Deductible Liabilities (Debts & Due Expenses)
Deductible: -$0
$
$
$
$
* Fiqh Rule: For long-term loans (e.g. 30-year home mortgages), only the monthly installment currently due is deductible, not the entire principal balance.
Comprehensive Calculation Summary
Gross Zakatable Assets:$0
Deductible Liabilities:-$0
Net Zakatable Wealth:$0
Applied Nisab (SILVER):$654.5
Your net wealth ($0) is below the Nisab threshold ($654.5). Zakat is not currently obligatory.
Fiqh Principles & Citations Applied
Silver Nisab (595g) is selected: Recommended by the Hanafi school and contemporary scholars as it benefits the maximum number of poor recipients.
Personal residence & vehicle are 100% exempt from Zakat according to scholarly consensus.
Jewelry: According to the Hanafi school, all gold/silver jewelry is zakatable. According to the Shafi'i, Maliki, and Hanbali schools, permissible jewelry for personal wear is exempt.
Rental real estate capital is exempt; only the accumulated net rental income remaining at the Hawl date is zakatable.
Long-term passive shares are assessed on the liquid/working capital proxy (25% AAOIFI standard) rather than full market cap.
Retirement account: Zakat is assessed on the net accessible amount after deducting early withdrawal penalties and taxes.