How to Calculate Zakat — The Islamic 2.5% Obligation
Zakat is one of the Five Pillars of Islam. It requires Muslims whose wealth exceeds the Nisab threshold to donate 2.5% of their savings and assets annually. Muslim Guide's Zakat calculator uses live gold and silver prices to determine the current Nisab value.
Frequently Asked Questions
- What is Nisab?
- Nisab is the minimum wealth threshold for Zakat: equivalent to 87.48g of gold or 612.36g of silver. If your total zakatable wealth is above Nisab after one lunar year, you must pay Zakat.
- What percentage is Zakat?
- Zakat on monetary wealth (gold, silver, cash, savings) is 2.5% of the total zakatable amount. Agricultural Zakat (Ushr) has different rates.
- Which assets are zakatable?
- Zakatable assets include gold, silver, cash, bank savings, business inventory, trade receivables, and investments. Personal-use items like your home and car are exempt.