Zakat is an Islamic finance term referring to the obligation that an individual has to donate a certain proportion of wealth each year to charitable causes. Zakat Calculator app.
How much Zakat do I need to pay? Although there are no specific guidelines in the Holy Qur'an on exact percentages to be given as Zakat, the customary practice is to give 2.5% on capital assets. On agricultural goods, precious metals and livestock, the rate varies between 2.5% and 20%.