Fulfill your Zakat obligation on time and with sincerity

In a world filled with challenges, disparities, and untapped potential, Nisa Foundation's vision extends beyond providing immediate support; it focuses on community transformation.

Assets

Assets you own on which Zakat is payable.

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Cash and other cash-like assets.

Cash can be easily understood as liquid wealth. It can be in the form of real cash bills, money available in the bank, or cryptocurrency.

Include all cash in your ownership or the ownership of your children (if you are paying Zakat on behalf of your children's wealth.

All cash must be included, whether in a bank account, wallet, purse, locker, or safe.

If interest has been earned on your liquid investments as cash, then this is not included for Zakat purposes. All interest gained should be given away to charity.

Don't forget to include cash held in other currencies.
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Enter the dollar value only.

Gold, in whichever form (jewellery, coin, ingots, etc.) is subject to Zakat. Though the scholars differ in this area, it is safer to pay Zakat on all gold jewellery.

Gold jewelry must be composed of more than 50% gold.

Gold can be valued at its resale value by a jeweller or you can multiply the number of grams of gold you own by the current market value.

Zakatable Portion of Gold Jewelry = (Weight of jewelry in grams - Weight of non-metals and stones) x (Resale price of gold)

If you measure your gold in Tolas, convert it to grams by multiplying the tola by 11.66.

There is no Zakat on metals other than gold and silver.

There is no Zakat on gemstones and diamonds.
$
Enter the dollar value only.

Silver, in whichever form (jewellery, coin, ingots, etc.), is subject to Zakat. Though the scholars differ in this area, it is safer to pay Zakat on all silver jewellery.

Silver jewelry must be composed of more than 50% silver.

Silver can be valued at its resale value by a jeweller or you can multiply the number of grams of silver you own by the current market value.

Zakatable Portion of Silver Jewelry = (Weight of jewellery in grams - Weight of non-metals and stones) x (Resale price of silver)

There is no Zakat on metals other than gold and silver.

There is no Zakat on gemstones and diamonds.
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Zakat is payable on strong debts, i.e. money owed to you that you are confident will be returned to you.

This may include personal loans to friends or family.

This does not include outstanding wages, dowry, inheritance not yet received, or assets held in trust.
$
Include stock shares or ETFs/Mutual Funds not bought or sold within 1 lunar year. If unsure then include as Short Term Stocks to be safe.

These long term assets are taken at 30% value to approximate the Zakatable Asset Ratio for the assets held in the fund.

This only applies to ETFs/funds that hold stocks, and does not apply to funds holding cash, gold, commodities, cryptocurrencies, etc.
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Shares with the intention of selling for capital gain within the next lunar year (12 months) are included here along with any shares purchased within 1 lunar year.

If unsure you will sell (i.e. depends on price or some other circumstance) it is safer to include it here as Short term shares.
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The Zakatable portion of RRSP is the fund amount minus the withdrawal tax.

E.g., An RRSP fund contains $100,000.

Should you withdraw today, your withdrawal tax would be 30% of the fund equaling $30,000.

The net amount = $100,000 - $30,000 = $70,000

Therefore, your Zakatable portion of RRSP is $70,000

Note: The withdrawal tax varies based on the size of the fund. Please refer to the table below for reference.

WITHDRAWAL AMOUNT <$5,000 $5,000 - $15,000 >$15,000
Rate of tax withheld for Canadian residents 10% withheld 20% withheld 30% withheld
Rate of tax withheld for the province of Québec 5% withheld 10% withheld 15% withheld
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Since RESP accounts are under the control of the parent(s), they are subject to Zakat.

The Zakatable portion of RESP is the contributions you have made to the fund plus the growth realized on the fund.

E.g., There is $12,000 in an RESP fund, of which $10,000 was contributed by you, and $2,000 was contributed by the government. As result, you would be liable to pay Zakat on the $10,000.
$
If you possess cryptocurrencies (such as Bitcoin and Ethereum) or other cash-equivalent / liquid assets that are not mentioned above, please add the dollar value of these here.

This could include (but not limited to):

- The face value of NFT’s held as investments

- Other currencies held in offshore accounts not included above in the cash section

- Assets belonging to a family member on whose behalf you are paying Zakat

Note: NFT’s held as collectibles and not with the express intent to resell them are not subject to Zakat.

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The house in which you live is not subject to Zakat.

If a property or other fixed asset is purchased with the express intent to resell, then the entire sale value of the property is subject to Zakat.

If the property is marked for sale and your Zakat becomes due but you don't have enough cashflow to pay Zakat, then you may pay it once the funds are available. Allah knows best.

If you own a rental property, then you only pay Zakat on the rental income you have saved as part of your cash or liquid assets. Do not enter this money in this section.

If you have no intention with a property or fixed asset (whether to sell, keep or rent out) then there is no Zakat on it until your intention changes.
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Important Note: These business assets can be included in your personal Zakatable assets if you are self-employed and not incorporated. However, if you own (or share) a corporation, then your business assets should not be included in your personal Zakatable assets. Your business Zakat should be calculated separately from your individual Zakat.

Business assets include cash, finished goods, work in progress, raw materials and receivables.

Zakat is due on the wholesale price of your inventory or goods for sale. This is the price placed on your entire inventory in bulk. This amount would be Zakatable.
Liabilities and Deductibles

Expenses and liabilities that can be deducted from your Zakatable Assets. Liabilities include overdue bills and living expenses and debts that are due with the next year.

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These include outstanding or overdue living expenses such as rent payments, utility bills and debts.

For long-term debt, such as mortgages or student loans, only the non-interest or principal portion of the upcoming lunar year's worth of payments can be deducted.

If payments are not being paid on the long-term debt, then the debt is not deducted from your Zakatable assets.

Interest payments are not considered deductible liabilities for the purpose of Zakat calculation (whether short-term or long-term). It is recommended to prioritize repayment of all interest-bearing debt.

Note: Your upcoming living expenses not related to debt repayment are not deducted as liabilities. These include upcoming rent payments, bills, food, fees, etc.
$
Remember to only include business liabilities if you are self-employed and not incorporated. If you own (or share) a corporation, then do your business Zakat calculation separately from your personal Zakat calculation.

Note: A period of twelve lunar months or less is considered short-term, while more than twelve lunar months is considered long-term.
Your Zakat Summary
Total Assets: $0
Total Liabilities $0
Zakatable Assets $0
Zakat Amount $0

FAQs

Find answers to some of the most frequently asked questions about our organization and its work.

We hope that this page will help you learn more about us and how we can help you or our community.

Enter all assets that have been in your possession over a lunar year into the Zakat calculator. This will then give you the total amount of Zakat owed.

The nisab is the minimum amount of wealth a Muslim must possess before they become eligible to pay Zakat. This amount is often referred to as the nisab threshold. Gold and silver are the two values used to calculate the nisab threshold. Therefore, the nisab is the value of 87.48 grams of gold or 612.36 grams of silver.

Yes! Nisa Foundation is Zakat eligible. Our Zakat assessment ensures aid reaches those most in need. For those not Zakat eligible, we still offer support through grants and sadaqah. To learn more about our Zakat Policy, click here

Women with their accompanying children who are fleeing domestic violence, homeless or at risk of homelessness, refugees, newcomers, or non-status.

Nisa Helpline provides free, confidential, and anonymous mental health support and peer counseling to Muslim women across North America. Our services include peer counselling, creating action plans, referrals, religious and cultural sensitivity, and emotional and spiritual support.

Yes, you can! We accept online donations from all over the world. Your credit card will be charged and converted into Canadian currency.

We meticulously verify each applicant's eligibility by examining their identity and financial situation, while considering the challenging circumstances applicants are facing, we adopt a proportionate approach to risk. This ensures compliance with the rulings of Zakat as per our Shariah guidelines. To learn more about our Zakat Policy, click here

Not everyone qualifies for government support, and even for those who do, it may not be sufficient to cover all basic needs. For instance, a single adult may receive less than $1000 in support each month. Financial assistance from Zakat ensures that vulnerable clients at Nisa Foundation receive the necessary resources and care to rebuild and thrive after experiencing such traumatic challenges.

Absolutely! Whether you prefer to support Nisa Homes, Nisa Helpline, or our overall operations, we give you the flexibility to allocate your zakat according to your preference.

Nisab

Silver (595g)
Price/g:
Nisab: $660.45
Gold (85g)
Price/g:
Nisab: $660.45

Last Updated:March 21st 2024, 2:00am

ETF/Mutual fund proxy: 30% (add 30% of your shariah compliant, long-term ETF and Mutual fund holdings)

FAQs

Find answers to some of the most frequently asked questions about our organization and its work.

We hope that this page will help you learn more about us and how we can help you or our community.

Enter all assets that have been in your possession over a lunar year into the Zakat calculator. This will then give you the total amount of Zakat owed.

The nisab is the minimum amount of wealth a Muslim must possess before they become eligible to pay Zakat. This amount is often referred to as the nisab threshold. Gold and silver are the two values used to calculate the nisab threshold. Therefore, the nisab is the value of 87.48 grams of gold or 612.36 grams of silver.

Yes! Nisa Foundation is Zakat eligible. Our Zakat assessment ensures aid reaches those most in need. For those not Zakat eligible, we still offer support through grants and sadaqah. To learn more about our Zakat Policy, click here

Women with their accompanying children who are fleeing domestic violence, homeless or at risk of homelessness, refugees, newcomers, or non-status.

Nisa Helpline provides free, confidential, and anonymous mental health support and peer counseling to Muslim women across North America. Our services include peer counselling, creating action plans, referrals, religious and cultural sensitivity, and emotional and spiritual support.

Yes, you can! We accept online donations from all over the world. Your credit card will be charged and converted into Canadian currency.

We meticulously verify each applicant's eligibility by examining their identity and financial situation, while considering the challenging circumstances applicants are facing, we adopt a proportionate approach to risk. This ensures compliance with the rulings of Zakat as per our Shariah guidelines. To learn more about our Zakat Policy, click here

Not everyone qualifies for government support, and even for those who do, it may not be sufficient to cover all basic needs. For instance, a single adult may receive less than $1000 in support each month. Financial assistance from Zakat ensures that vulnerable clients at Nisa Foundation receive the necessary resources and care to rebuild and thrive after experiencing such traumatic challenges.

Absolutely! Whether you prefer to support Nisa Homes, Nisa Helpline, or our overall operations, we give you the flexibility to allocate your zakat according to your preference.

The Impact We’ve Made

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Shelters Across Canada
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Women & children sheltered
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Clients assisted remotely
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K+
Calls for help received
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Trained through workshops

Our Programs

Nisa Homes

A safe place to start over  
At Nisa Homes, we envision a flourishing Muslim community in which help is available, shelter is attainable, and healing is possible.

Nisa Helpline

Her call is important for us
When we prioritize the mental health of women in our community and give them access to culturally competent resources.

Nisa Learning

Prevention & education workshops
Be one of 500 pioneers who will build these healthy homes and healthy communities with us by contributing $10/month.