The Launchgood Zakat Calculator helps Muslims calculate the amount of Zakat, a form of almsgiving and religious obligation, they need to pay. This tool is essential for ensuring that individuals fulfill their Zakat obligations accurately.

## Inputs

**Gold and Silver (GS)**: The current value of owned gold and silver.**Cash Savings (CS)**: Total cash savings and bank balances.**Business Investments (BI)**: Net value of business investments.**Debts Owed to You (DOY)**: Total amount of debts owed to you.**Liabilities (L)**: Debts and liabilities that need to be paid off.

## Formulas and Calculations

## 1. Calculate the Total Zakatable Wealth

The total Zakatable wealth is the sum of all assets subject to Zakat minus the liabilities:

Total Zakatable Wealth=(GS+CS+BI+DOY)−L\text{Total Zakatable Wealth} = (GS + CS + BI + DOY) – LTotal Zakatable Wealth=(GS+CS+BI+DOY)−L

where:

- GSGSGS = Gold and Silver
- CSCSCS = Cash Savings
- BIBIBI = Business Investments
- DOYDOYDOY = Debts Owed to You
- LLL = Liabilities

## 2. Calculate the Zakat Due

Zakat is typically 2.5% of the total Zakatable wealth:

Zakat Due=Total Zakatable Wealth×0.025\text{Zakat Due} = \text{Total Zakatable Wealth} \times 0.025Zakat Due=Total Zakatable Wealth×0.025

## Example Calculation

**Inputs:**

- Gold and Silver (GS): $10,000
- Cash Savings (CS): $5,000
- Business Investments (BI): $15,000
- Debts Owed to You (DOY): $2,000
- Liabilities (L): $3,000

**Calculate the Total Zakatable Wealth:**

Total Zakatable Wealth=(10,000+5,000+15,000+2,000)−3,000\text{Total Zakatable Wealth} = (10,000 + 5,000 + 15,000 + 2,000) – 3,000Total Zakatable Wealth=(10,000+5,000+15,000+2,000)−3,000 Total Zakatable Wealth=32,000−3,000\text{Total Zakatable Wealth} = 32,000 – 3,000Total Zakatable Wealth=32,000−3,000 \text{Total Zakatable Wealth} = $29,000

**Calculate the Zakat Due:**

Zakat Due=29,000×0.025\text{Zakat Due} = 29,000 \times 0.025Zakat Due=29,000×0.025 \text{Zakat Due} = $725

## Summary

For an individual with a total Zakatable wealth of $29,000, the Zakat due is $725.

## Conclusion

The Launchgood Zakat Calculator is an essential tool for accurately calculating the amount of Zakat to be paid. By inputting the value of gold and silver, cash savings, business investments, debts owed to you, and liabilities, users can determine their total Zakatable wealth and the corresponding Zakat due.