Zakat Calculator
Work out zakat due at 2.5% on savings, gold, silver, investments and business assets above the nisab.
About the Zakat Calculator
Zakat is due once a full lunar (hijri) year has passed with zakatable wealth at or above the nisab: 85 grams of gold or 595 grams of silver at today's price. Many scholars recommend the silver nisab, which is lower and includes more people; others use gold. Deduct debts due now. Personal-use items such as your home, car and (in many schools) everyday jewellery are usually exempt. Ask a scholar for your situation.
The formula
Zakat = 2.5% × (zakatable assets − immediate debts), if ≥ nisab
Worked example
Example: Zakat due = $522.50
- Inputs: Cash and bank balances: $8,800; Gold you own: 55 g; Silver you own: 0 g; Gold price per gram (24K): $140; Silver price per gram: $1.8; Shares, funds and other investments: $5,500; Business stock and receivables: $0; Debts and bills due now: $1,100; Nisab standard: Gold (85 g).
- Formula: Zakat = 2.5% × (zakatable assets − immediate debts), if ≥ nisab
- Result: Zakat due = $522.50
Questions people ask
Is jewellery zakatable?
Schools differ: Hanafi scholars include gold and silver jewellery; others exempt jewellery for normal personal use.
What about a pension?
Opinions differ; many consider only what you can access now.