Zakat Calculator (Money, Gold, Trade Goods)
Zakat is 2.5% of the money you have held for a full lunar year, once it reaches the nisab. Enter today's gold price and what you own to see whether zakat is due and how much.
Zakat is due when your money has stayed at or above the nisab for a full lunar year. Based on the Jordan Iftaa Department (gold nisab 85 g of 24-carat gold; no zakat on jewellery kept for wearing) and the UAE Fatwa Council (silver nisab 595 g; 2.5%). Scholars differ on some details, such as jewellery and debts. This is an estimate: ask a scholar or your local zakat fund if you are unsure.
How the calculator works
- Add up your cash, bank balances, gold and silver kept as savings, trade goods, money owed to you that you expect back, and shares held to trade. Subtract debts you must pay now.
- Compare the total with the nisab: the value of 85 grams of 24-carat gold (the common view), or 595 grams of silver if you choose the silver nisab.
- If the total is at or above the nisab and has stayed there for a full lunar year, zakat is 2.5% of it.
Frequently asked questions
Is there zakat on gold jewellery I wear?
Jordan's Iftaa Department and the UAE Fatwa Council say there is no zakat on permitted jewellery kept for wearing. Jewellery kept as savings is counted. Some scholars, mainly in the Hanafi school, count all gold, so ask a scholar you trust if unsure.
Which gold price should I use?
The price a gold shop would pay you for one gram of 24-carat gold on the day your zakat is due, in your own currency.
What about 21- or 18-carat gold?
The calculator converts it by purity: 21-carat counts as 21/24 of a gram of pure gold, and 18-carat as 18/24. That is why the nisab is about 97 grams of 21-carat or 113 grams of 18-carat.
Do I count my house or car?
No. Things you own for your own use, such as your home, car and furniture, are not counted. Property or goods held to sell are counted as trade goods.