How to use
- Choose your currency and the nisab measure: silver or gold.
- Enter your cash, bank balances, gold and silver (by weight and purity, or by value), investments, business stock and money owed to you.
- Enter short-term debts and bills due, which are deducted.
- Check the gold and silver prices per gram. We fill in today’s central-bank reference prices; you can type your local price instead.
How Zakat is calculated
net wealth = all zakatable assets − short-term debts
nisab = 595 g × silver price (or 85 g × gold price)
Zakat = net wealth × 2.5% if net wealth ≥ nisab
- 2.5% is one fortieth. It applies once your wealth has stayed at or above the nisab for a lunar year (hawl).
- Gold by weight is valued at its pure-gold content: 22 karat counts as 22/24 of the 24-karat price.
- If you count your year by the Gregorian calendar, the AAOIFI standard uses 2.577% to cover the extra 11 days.
Example
- Cash 2,000, bank 8,000 and investments 3,000
- 50 g of 22-karat gold at 130 per gram (24 karat): 5,958.33
- Money owed to you 500, minus debts due 1,500
- Net wealth 17,958.33. Silver nisab at 1.80 per gram: 595 × 1.80 = 1,071.00
- Zakat = 17,958.33 × 2.5% = 448.96
The wealth is also above the gold nisab (85 × 130 = 11,050.00), so Zakat is due under either measure.
Zakat on round amounts
| Net wealth | Lunar year (2.5%) | Solar year (2.577%) |
|---|---|---|
| 1,000 | 25.00 | 25.77 |
| 10,000 | 250.00 | 257.70 |
| 50,000 | 1,250.00 | 1,288.50 |
| 100,000 | 2,500.00 | 2,577.00 |
| 1,000,000 | 25,000.00 | 25,770.00 |
These apply only when the amount is at or above the nisab.
Nisab weights
| Metal | 20 mithqal / 200 dirhams | 7.5 / 52.5 tola |
|---|---|---|
| Gold | 85 g | 87.48 g |
| Silver | 595 g | 612.36 g |
Both conventions are in use: Islamweb and others quote 85 g and 595 g, while the UK’s National Zakat Foundation and Islamic Relief use 87.48 g and 612.36 g. Pick the one your scholar or Zakat body follows.
Where scholars differ
- Gold or silver nisab: silver gives a lower threshold, so more people pay. NZF and Islamic Relief advise silver for mixed assets and gold if you hold only gold. Islamweb applies the gold measure to cash.
- Jewellery you wear: some scholars count it, others exempt it. Islamic Relief Canada says including it is the safer choice.
- Shares: shares bought to resell count at market value; for shares held long term for dividends, some guidance counts only the dividends.
- Long-term debts: many scholars deduct only the instalments due now, not the whole mortgage.
If you are unsure, ask a scholar or Zakat organisation you trust.
Have savings in another currency? Convert them first with the currency converter.