Fulfill Your Financial Obligation without the guesswork
Built from the questions, conversations, and needs we heard across our community, we’re excited to introduce the Thndr Zakat Calculator.
This Calculator has been reviewed and approved by Dr. Magdy Ashour, Former Scientific Advisor to the Grand Mufti of Egypt.
Last Ramadan, we noticed something important. Zakat questions kept coming up from our users. Not just as a general question, but as a real point of confusion:
- How do I calculate Zakat on stocks?
- Do savings products count?
- What about gold funds?
- What if my money is spread across multiple assets?
As more people began building wealth across different Thndr products, one thing became clear: calculating Zakat accurately can get complicated, and at times, overwhelming.
So we listened. And we built a simpler way to do it. At Thndr, we believe managing your finances should feel simple, and that includes fulfilling your religious obligations with confidence. That’s why we asked ourselves: what if Zakat calculation could be done easily, directly inside the app?
What is the Zakat Calculator?
The Zakat Calculator is a tool embedded within the Thndr app in My Hub that helps you calculate your Zakat based on Islamic principles. The best part? It automatically pre-fills your Thndr portfolio data, so you’re already halfway there before you even start.
How does it work?
Step 1: Open the Calculator
The calculator shows you the current Nisab threshold (the minimum wealth required for Zakat) based on today’s gold price.
Your Thndr wallet balance, Saving Clouds balance, and stock portfolio are already pre-filled for you to make your experience easier. You’ll just need to add assets you own outside Thndr.
The calculator calculates based on the Hijri year by default. But if you are following the Gregorian year in your Zakat, just choose it, and we’ve got you covered.
Step 2: Add Your Assets & Liabilities
Enter your wealth across 8 categories, and don’t worry, your Thndr assets are already prefilled:
- Cash & Balances: Bank accounts, savings, physical cash
- Investments: Stocks & Mutual Funds
- Bank CDs: Certificates of deposit
- Gold: Coins, bars, or jewelry
- Silver: Coins, bars, or jewelry
- Real Estate: Properties you own
- Lendings: Money you’ve lent to others
- Business Assets: Inventory, receivables, business cash
- Debts: Money you owe (this reduces your Zakat amount)
Purpose-based Calculation
Different assets have different Zakat rules depending on their purpose. Be aware to enter the purpose for each investment, Thndr assets and external assets, in the calculator. The calculator guides you through the right treatment for each asset type.
Step 3: Get Your Result
Tap “Calculate Zakat” and instantly see your Zakat amount with a full breakdown. If your wealth is below the Nisab threshold, we’ll let you know that you’re not obligated to pay Zakat this year.
Features you’ll love
Smart Pre-filling: Your Thndr investment wallet, Clouds savings, and complete stock portfolio are automatically imported. Just add assets held outside Thndr.
Purpose-Based Calculation: Different assets have different Zakat rules depending on their purpose. The calculator guides you through the right treatment for each asset type.
Hijri or Gregorian Year: Choose to calculate based on the Islamic lunar year (2.5% rate) or the Gregorian year (2.577% rate).
The preferred basis for calculation is the Hijri year. However, if someone needs to calculate using the Gregorian year, it is permissible.
Quick Facts
- Nisab Basis: 85 grams of 21K gold
- Zakat Rate: 2.5% (Hijri) or 2.577% (Georgian)
Ready to calculate your Zakat?
Open the Thndr app and find the Zakat Calculator to get started. It’s the easiest way to fulfill your obligation while keeping all your financial data in one place.
For more details on how the amount is calculated, please visit the Zakat Calculator Support page.
Have Questions?
If you need any assistance, our in-app support team is ready to help. Just reach out, and we’ll guide you every step of the way!
