Zakat on Gold & Wealth Calculator
Zakat is one of the Five Pillars of Islam, a religious obligation for every Muslim whose wealth reaches the minimum threshold (nisab) and has been held for a full lunar year (hawl). This tool allows you to accurately calculate your Zakat on gold, cash, and savings while adhering to the correct Islamic conditions.
What is Hawl?
Hawl is the passage of a complete lunar year (approximately 354 days) since the wealth first reached the nisab. If your wealth reaches the nisab at the start of Ramadan, Zakat becomes due the following Ramadan, provided the wealth remained above the nisab throughout that entire period. Hawl is a fundamental condition for the obligation of Zakat on gold, money, and trade goods.
What is Nisab?
Nisab is the minimum amount of wealth at which Zakat becomes obligatory. Scholars have set it at 85 grams of 24-karat gold. Since the gold price fluctuates daily, this calculator uses the live gold price to ensure accuracy at the time of calculation.
How is Zakat Calculated?
- Gold nisab: 85 grams of 24k gold (≈ 595 g of 18k gold)
- Zakat rate: 2.5% of total zakatable wealth
- Zakatable base: gold value + cash and savings − current liabilities
- Karats: 24k (99.9% pure), 22k (91.6%), 21k (87.5%), 18k (75%)
- Debts currently due are deducted before the calculation
Types of Zakatable Wealth
Zakat is due on: gold and silver, cash and savings, stocks and investments, and trade merchandise. Your primary residence and personal vehicle are not subject to Zakat.
Scholarly Note
This tool provides an estimate based on live prices. For complex situations, it is recommended to consult a qualified Islamic scholar for an authoritative ruling.