The number game involved in calculating the exact amount of zakat a Muslim has to pay can be quite challenging. The more assets one has, the more complicated can the zakat calculations become. Cash, property, jewellery, and certain other assets, all of these need to be taken into account while calculating zakat. In this discussion, we are going to explain how you can calculate zakat on your money. Not only that, but we also introduce you to a magic tool that can help you calculate your due zakat in a most hassle-free manner. But before we jump into the nitty-gritties of the topic, we want a promise in return. You will give this discussion your fullest attention! So close that YouTube tab on your browser, and pay heed to what we are about to tell you!
Impact of zakat on society
We will come to the number game in a minute, but for now, we are going to talk a bit about the overall impact of this religious financial obligation on Muslim society. For neighbourhoods, towns, and communities which are suffering from significant financial stagnancy, zakat is the perfect antidote. It is a financial model which gets the wealth circulating. As a result of this wealth circulation, the gap between different social classes is reduced by a great margin. If all Muslims were to pay their due zakat, an Islamic economic revolution could stem from this combined effort. Such a revolution would ensure economic sustainability in the community, a dream that not even the most genius minds have been able to transform into reality yet!
How to calculate zakat on money?
Coming to the point around which this discussion has been orchestrated, the first thing that every Muslim must know is the exact percentage of zakat that they have to pay on their cash and money in the bank accounts. 2.5% is the number for everyone to scribble it down in their notebooks! It is pertinent to mention here that zakat is due on that amount of money only, which has been in the possession of the payer for a year or more. In some countries, the government deducts zakat on cash in back accounts automatically. It is worth considering this deduction as well if you hail from one of these countries.
How zakat calculators can help you?
Instead of tearing up paper in frustration every time you miss a decimal, may we suggest an easier way of calculating zakat? A zakat calculator! Trust us, your experience of calculating zakat will become a whole lot smoother if you let a zakat calculator do its job. All that you have to do is enter your data in the blanks designated for each type of asset, and then click on calculate. A number will pop up in the query bar which is your due zakat. One important thing to note is that you must select the right type of currency i.e. the currency you are willing to pay zakat in.
Calculate zakat via Transparent Hands zakat calculator!
There are many zakat calculators available online, but you can’t use just any of these. The reason behind this reservation is that some of these zakat calculators are not regularly updated, a glitch that can produce misleading figures. You don’t want to be messing up this religious financial obligation, right? So doing your research properly before you select an online zakat calculator is quite critical. If you are not in the mood of putting in a little extra effort, we have a solution that can save you from unnecessary concern and worry. Use Transparent Hands, zakat calculator! It features a simple interface but is super-fast and reliable. It is a tool that will get the job done every single time! Like any other online zakat calculator, you will see several empty columns against the title of the asset. To calculate your due zakat on cash, please enter the amount in the “Money” row.
Calculating online? How about donating online?
When you calculate your zakat via the Transparent Hands zakat calculator, you will notice a little button that says “Pay Zakat”. Well, you don’t necessarily have to pay zakat to Transparent Hands, but the concept of online zakat donations is becoming popular with every day passing. Reason? The same reason you were looking for a zakat calculator online i.e. convenience. It saves you from the rather demanding task of searching up the deserving candidates for your zakat money. An online donation platform puts your zakat money to best use by directing it towards welfare projects for the Muslim community. However, not every online zakat accepting platform can be trusted. The wide world of the web is a place riddled with scams and frauds, zakat donations are no exception to scamming! But there are many name reputable names, charities, and funds that ensure one hundred percent transparency in their affairs. Among these glorious institutions of welfare is one name that stands out i.e. Transparent Hands.
Donate your zakat to Transparent Hands!
Transparent Hands is the largest technological platform for crowdfunding in the healthcare sector of Pakistan. Pakistan’s healthcare system needs all the help it can get from NGOs and INGOs, exactly what Transparent Hands has been doing for a decade now. It offers a complete range of free healthcare services including medical and surgical treatments, medical camps, and telehealth facilities to the underprivileged community of Pakistan. The platform provides visibility to underprivileged patients and builds a personal and trusted bond between patients and donors while ensuring complete transparency. It also sets up free medical camps in the rural areas of Pakistan in which, free medical consultation, free medicines, and free diagnostic tests are provided to deserving patients. Donors from all over the world can use the Transparent Hands crowdfunding web portal and donate through 100% secure payment modes. They could select any patient, fund the treatment and receive regular feedback and updates until the patient has recovered completely. Well, if that resume sounded perfect to you, maybe you already know where your zakat donation is going this year!