Confirm that your wealth has reached the nisab threshold
Check that one lunar year has passed while you owned nisab-level wealth
Calculate zakat on zakatable assets such as cash, gold, silver, business inventory, trade goods, and receivables likely to be paid
Add all zakatable assets together
Subtract immediate liabilities and debts due now
Multiply the remaining zakatable amount by 2.5%
Pay zakat on the resulting amount
For agricultural produce, calculate according to the applicable rate based on irrigation method
For livestock, calculate according to the specific livestock zakat rules
For retirement accounts, investments, and business assets, include only the zakatable portion
Give zakat to eligible recipients mentioned in Islamic teachings