Fulfill your religious obligation with precision. Calculate Zakat on cash, gold, silver, and investments based on current market rates.
Zakat is one of the five pillars of Islam, a mandatory form of almsgiving that purifies a Muslim's wealth. However, calculating the exact amount can be complex when dealing with different assets like gold, silver, cash, and business investments. Our Zakat Calculator Gold Silver is designed to provide a seamless experience, ensuring you meet your obligations accurately and with confidence.
To get an accurate result, you need to input your assets and liabilities. The calculator follows the standard 2.5% rate applied to net wealth that has been held for one lunar year (Hawl).
Nisab is the minimum threshold of wealth required before Zakat becomes due. Historically, this is defined as 87.48 grams of gold or 612.36 grams of silver. Because the value of silver is currently much lower than gold, using the silver Nisab allows more people to contribute to the welfare of the poor, which is the primary goal of Zakat. Our tool displays both thresholds to help you make an informed decision based on your school of thought.
Calculating Zakat manually often leads to errors, either by overpaying or, more importantly, underpaying your obligation. By using an automated Islamic finance tool, you ensure that every gram of gold and every cent in your bank account is accounted for. This tool is especially useful for those with diverse portfolios including crypto, stocks, and physical precious metals.
Just as our DevEx Calculator helps developers track their digital earnings, this Zakat tool helps you manage your spiritual and financial responsibilities with the same level of precision.
According to the Quran (9:60), there are eight categories of people eligible: the poor, the needy, Zakat administrators, those whose hearts are to be reconciled, those in bondage, those in debt, those in the cause of Allah, and the stranded traveler.
Zakat is due once a lunar year (Hawl) has passed since your wealth first exceeded the Nisab threshold. Many Muslims choose to pay during Ramadan for increased blessings, but it can be paid at any time once the Hawl is complete.
No, Zakat is not due on personal necessities like your primary residence, your car, clothing, or household furniture. It is only due on "wealth-generating" or surplus assets like cash, gold, silver, and business inventory.