zakat

☪️ Zakat: A Python Library for Islamic Financial Management

** We must pay Zakat if the remaining of every transaction reaches the Haul and Nisab limits **

[PROJECT UNDER ACTIVE R&D]

Zakat is a user-friendly Python library designed to simplify the tracking and calculation of Zakat, a fundamental pillar of Islamic finance. Whether you're an individual or an organization, Zakat provides the tools to accurately manage your Zakat obligations.

Key Features:

• Transaction Tracking: Easily record both income and expenses with detailed descriptions, ensuring comprehensive financial records.

• Automated Zakat Calculation: Automatically calculate Zakat due based on the Nisab (minimum threshold), Haul (time cycles) and the current market price of silver, simplifying compliance with Islamic financial principles.

• Customizable "Nisab": Set your own "Nisab" value based on your preferred calculation method or personal financial situation.

• Customizable "Haul": Set your own "Haul" cycle based on your preferred calender method or personal financial situation.

• Multiple Accounts: Manage Zakat for different assets or accounts separately for greater financial clarity.

• Import/Export: Seamlessly import transaction data from CSV files and export calculated Zakat reports in JSON format for further analysis or record-keeping.

• Data Persistence: Securely save and load your Zakat tracker data for continued use across sessions.

• History Tracking: Optionally enable a detailed history of actions for transparency and review (can be disabled optionally).

Benefits:

• Accurate Zakat Calculation: Ensure precise calculation of Zakat obligations, promoting financial responsibility and spiritual well-being.

• Streamlined Financial Management: Simplify the management of your finances by keeping track of transactions and Zakat calculations in one place.

• Enhanced Transparency: Maintain a clear record of your financial activities and Zakat payments for greater accountability and peace of mind.

• User-Friendly: Easily navigate through the library's intuitive interface and functionalities, even without extensive technical knowledge.

Customizable:

• Tailor the library's settings (e.g., Nisab value and Haul cycles) to your specific needs and preferences.

Who Can Benefit:

• Individuals: Effectively manage personal finances and fulfill Zakat obligations.

• Organizations: Streamline Zakat calculation and distribution for charitable projects and initiatives.

• Islamic Financial Institutions: Integrate Zakat into existing systems for enhanced financial management and reporting.

Documentation

• Mechanism of Zakat: The Rooms and Boxes Algorithm

• The Zakat Formula: A Mathematical Representation of Islamic Charity

• How Exchange Rates Work in a Zakat Calculation System?

• Zakat-Aware Inventory Tracking Algorithm (with Lunar Cycle) [PLANNED]

Get Started:

Install the Zakat library using pip:

pip install zakat

Testing

python -c "import zakat, sys; sys.exit(zakat.test())"

Explore the documentation, source code and examples to begin tracking your Zakat and achieving financial peace of mind in accordance with Islamic principles.