FinCalc

Property Calculators

Property Buying

Calculate total costs involved in buying a property

Property Selling

Calculate costs and net proceeds from selling property

Rent vs Buy

Compare financial outcomes of renting vs buying

Stamp Duty

Calculate stamp duty payable on property transactions

Finance Calculators

Finance Payment

Calculate monthly Islamic finance payments

Extra Payments

See how extra payments reduce finance term

Lump Sum

Calculate impact of one-time lump sum payment

Offset Finance

Calculate how offset accounts reduce profit

Finance Capacity

Calculate how much you can afford to borrow

Compare Facilities

Compare two Islamic finance facilities

Leasing (Ijara)

Calculate monthly lease payments

Income Calculators

Income Annualisation

Calculate annual income from different frequencies

Income Tax

Calculate income tax based on tax brackets

Income Gross Up

Calculate gross income needed for specific net

Savings Calculators

Saving Calculator

Calculate how your savings will grow over time

Savings Goals - Time

Calculate how long to reach your savings goal

Savings Goals - Deposit

Calculate how much to deposit to reach goal

Why Islamic Finance Matters

Understanding the principles and benefits of Islamic finance for your financial journey

Ethical Principles

Islamic finance is built on ethical principles that promote fairness, transparency, and social responsibility. Unlike conventional finance, it prohibits interest (riba) and uncertainty (gharar), ensuring financial transactions are beneficial to all parties.

By using Islamic finance calculators, you ensure your financial decisions align with your values and religious principles, while still achieving your financial goals.

Financial Benefits

Islamic finance offers unique financial benefits, including risk-sharing, asset-backed financing, and avoidance of excessive debt. These principles create more stable financial systems and protect consumers from predatory practices.

Our calculators help you understand these benefits and make informed decisions that are both financially sound and ethically responsible.

Quick Facts

Key information about Islamic finance concepts and industry

Zakat is typically calculated at 2.5% of qualifying assets that have been held for a full lunar year.

Murabaha is the most common Islamic financing structure, where the bank buys an asset and sells it to you at a profit.

Ijara is an Islamic leasing structure where the bank retains ownership of the asset while you use it for a fee.

Musharakah is a partnership structure where profits and losses are shared according to agreed-upon ratios.

Sukuk are Islamic bonds that represent ownership in an underlying asset rather than debt obligation.

Takaful is Islamic insurance based on the principle of mutual assistance and shared responsibility.

Qard Hasan is a benevolent loan where the lender expects only the principal amount to be repaid.

Wadiah is a safe-keeping arrangement where the bank safeguards your deposits and may return them with a discretionary gift.

The global Islamic finance industry is projected to reach $3.5 trillion by 2024.

Frequently Asked Questions

Answers to common questions about Islamic finance and our calculators

What is Zakat and who is required to pay it?

Zakat is one of the Five Pillars of Islam, requiring eligible Muslims to donate 2.5% of their qualifying wealth to those in need. It is obligatory for adult Muslims who possess wealth above the nisab threshold (minimum amount of wealth required to be liable for Zakat) for a full lunar year.

How is Islamic finance different from conventional finance?

Islamic finance differs from conventional finance primarily in its prohibition of interest (riba), uncertainty (gharar), and gambling (maysir). Instead of lending money for interest, Islamic finance uses asset-backed structures like Murabaha (cost-plus financing), Ijara (leasing), and Musharakah (partnership) where risk and reward are shared.

Are Islamic finance products more expensive than conventional ones?

Not necessarily. While Islamic finance products may sometimes appear to have higher nominal rates, this is often because they are structured differently. When comparing total costs over the life of a product, Islamic finance is often competitive with conventional alternatives, especially when considering the ethical and social benefits.

What assets are included in Zakat calculations?

Zakat is typically calculated on cash, gold, silver, investments, business inventory, agricultural produce, and livestock. Personal belongings like your primary residence, clothing, and necessary tools are generally excluded from Zakat calculations.

Can non-Muslims use Islamic finance products?

Yes, Islamic finance products are available to everyone regardless of religious affiliation. Many non-Muslims choose Islamic finance for its ethical principles, transparency, and focus on real economic activity rather than financial speculation.

How accurate are these calculators for financial planning?

Our calculators provide accurate estimates based on the information you input. However, they should be used as planning tools rather than definitive financial advice. For major financial decisions, we recommend consulting with a qualified Islamic finance advisor who can provide personalized guidance based on your specific circumstances.

Meet the Team

The visionaries behind FinCalc

Syed Saulat Jawaid

Co-founder

Bringing expertise in Islamic finance and innovative financial solutions to help users make informed decisions.

Muhammad Sohair Tabrezi