1. The calculations above are indicative and for illustrative purposes only and on a Flat basis (2.5%)
2. Zakat is obligatory on Muslims whose net zakatable assets meet or exceed the Nisab threshold for one full lunar year (Hawl)
3. The standard Zakat rate is 2.5% of net zakatable assets
4. The Nisab threshold is based on the value of 85 grams of gold or 595 grams of silver, whichever is lower. The default value may vary with market prices
5. Personal assets such as your primary residence, personal vehicle, and personal belongings are not subject to Zakat
6. Please consult a qualified Islamic scholar for specific Zakat rulings applicable to your situation.