Zakat calculator

The Zakat Calculator in Sahal Wallet helps Muslims calculate their zakat on crypto assets in a simple, Shariah-compliant way. It follows established Islamic principles, reviewed by the MRHB Shariah Governance Board, and applies them to modern crypto holdings.

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How to Use the Zakat Calculator

• Open the Sahal Wallet app and go to the Zakat Calculator section.
• Add your assets under the correct categories:
  • Tokens (cryptocurrencies, stablecoins, etc.)
  • NFTs (if bought for trading or backed by zakatable assets)
  • Miscellaneous (other crypto assets that do not fit standard categories)
  • Precious Metals (gold or silver-backed tokens, in USD value)
• Enable or disable “Bought for trading” depending on your intention.
• Add or remove items as needed.
• Tap Calculate Zakat to see the amount owed.

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Key Principles

Nisab

• Zakat becomes due once your assets meet the nisab threshold.
• The Sahal Calculator uses the silver nisab (595 grams) as the reference.
• Nisab values update daily based on the price of silver.

Zakatable Assets

Zakat is due on four broad categories:

1. Business stock
2. Gold and silver
3. Agricultural produce
4. Livestock

For crypto, only the first two categories are relevant.

• Cryptocurrencies & Stablecoins: Always zakatable on full value.
• Gold & Silver-backed tokens: Zakatable on full value.
• Utility, Equity, or Governance tokens: Zakatable if bought for trading; if not, only the zakatable portion of the project/company applies.
• NFTs: Zakatable if bought for trading, or if backed by zakatable assets.
• Hybrid Tokens: Treated as money and zakatable on full value.

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Best Practices

• Always check whether an asset is halal and zakatable using the Halal Screener.
• Keep your portfolio updated for accurate results.
• Remember: paying extra zakat on non-zakatable assets counts as sadaqah.
• If your crypto balance is below nisab but you also have cash or other assets, combine them to check if you cross the threshold.

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