0 % of Zakat funds will be used for administrative costs related to the distribution of Zakat.
You can be assured 100% of your Zakat will reach eligible recipients.
All administration costs of the Foundation will be sponsored by Lote Tree Trust. To find out more about Lote Tree please visit lotetree.nz
How do I calculate my Zakat?
The basic understanding is that a person adds all assets together (cash, gold, silver, etc.) and then deducts all liabilities (immediately payable debts, living costs, bills, expenses etc.) from this amount. If the final figure is equal to or greater than the nisab, then 2.5% of it is due in zakat.
It is, of course, permitted, and praiseworthy not to deduct all liabilities, as it maximises one’s Zakat – and results in greater benefit to the poor and greater reward for the giver.