Zakat is a pillar of Islam and is obligatory on those who meet the minimum threshold. This threshold is known as the Nisaab. Nisaab is 3 ounces or 87.48 grams of gold, or 612.36 grams of silver. So, if you have wealth in the form of savings/cash/jewellery (after living costs and expenses) which is worth more than the value of Nisaab, Zakat becomes obligatory on you. Zakat is calculated at 2.5% of Nisaab. Towards the end of this page, you can find out if you really have to pay Zakat or not using the tools provided.
Online Zakat Calculator
Fill in this form as accurately as possible to calculate your zakat.
Do You Have to Pay Zakat?
We will be using the value of gold to determine your Zakat eligibility. You only have to pay Zakat if you have wealth which amounts to the value of 3 ounces of gold. To determine your zakat eligibility, you will first need to determine the current value of gold. Current value of gold in US dollar is given below. If you live in a different country, please convert this amount to your local currency using the tool found at the bottom of this article. This is the value of 1 ounce of gold. Please multiply this amount by 3. If your total assets is more than 3 ounces of gold, Zakat becomes obligatory on you.
Convert Current Gold Price to Your Local Currency
If you are not a US resident, convert the value of gold using the tool below. For example, if the gold price above is listed as $1550, please convert this amount from US dollar to your local currency. This is the value of 1 ounce of gold. Please multiply this amount by 3. If you have wealth more than 3 ounces of gold, Zakat becomes obligatory.
