Disclaimer

Not Financial or Legal Advice

This calculator is provided for educational and informational purposes only. It does not constitute financial advice, investment advice, tax advice, or legal advice of any kind. The results should not be relied upon as the sole basis for any financial decision.

Not a Substitute for Scholarly Guidance

While our methodology follows the guidance of Shaykh Umer Khan, this calculator is not a substitute for consultation with a qualified Islamic scholar. Zakat obligations can vary based on individual circumstances, scholarly interpretation, and school of jurisprudence. We recommend consulting with your local scholar or imam for definitive guidance.

Methodology

This calculator uses the balance sheet method exclusively for determining the zakatable portion of stock and fund holdings. Other valid scholarly methods exist. The balance sheet method calculates the ratio of zakatable assets (cash, receivables, inventory) to total market capitalization using data from regulatory filings.

Data Accuracy

Financial data is sourced from SEC EDGAR (regulatory filings), Yahoo Finance (market prices), and other public sources. While we strive for accuracy, this data may contain errors, be delayed, or be temporarily unavailable. Stock ratios are derived from quarterly SEC filings which may be up to 120 days old.

When a holding cannot be verified against regulatory data, the calculator applies a conservative fallback of 100% zakatable, which may overestimate your obligation but will never underestimate it.

Screening Advisory

The shariah compliance screening results (halal, questionable, non-compliant) are advisory only. The calculator always computes zakat due for every holding regardless of compliance status. Screening is based on publicly available financial data and standard industry classification codes, which may not capture all aspects of a company's business activities.

User Responsibility

You are solely responsible for verifying the accuracy of your input data (holdings, prices, share counts) and for making your own zakat payment decisions. We recommend reviewing results with a qualified professional before making payments.

No Warranty

This service is provided “as is” without warranty of any kind, express or implied. Intentional Capital makes no representations or warranties regarding the accuracy, completeness, or reliability of the calculator or its results.