Gold · Silver · Savings · Nisab
Using the silver standard is recommended by many scholars as it results in a lower threshold, meaning more people are eligible to give.
Include jewellery, coins and bars. Only worn jewellery is exempt in some schools of thought — consult a scholar if unsure.
Stocks, crypto, business inventory, and rental income saved for growth.
Check today's live gold/silver price and enter it here for an accurate result.
This free Zakat Calculator helps Muslims in the UK, USA, Canada and around the world work out exactly how much Zakat is due on their wealth. Zakat is one of the Five Pillars of Islam, and giving it accurately each year is a religious obligation for those whose wealth exceeds the Nisab threshold. Rather than estimating by hand, this tool combines your cash, gold, silver, and investments into a single accurate calculation, based on today's live precious metal prices.
Zakat is calculated at a fixed rate of 2.5% of your total zakatable wealth, provided that wealth has remained above the Nisab threshold for one full lunar year. Zakatable wealth generally includes cash and bank savings, gold and silver, business stock, and investments such as shares or cryptocurrency, minus any short-term debts you owe.
Nisab is the minimum level of wealth a Muslim must hold before Zakat becomes obligatory. It is traditionally set at the value of 87.48 grams of gold or 612.36 grams of silver. Because silver is generally less valuable per gram than gold, using the silver standard results in a lower Nisab threshold — many scholars recommend this approach, as it means more people become eligible to pay, benefiting a wider circle of recipients.
Zakat is calculated as 2.5% of your total zakatable wealth, provided that wealth is above the Nisab threshold and has been held for one full lunar (Hijri) year.
Nisab is the minimum amount of wealth a Muslim must own before Zakat becomes obligatory, based on 87.48g of gold or 612.36g of silver. Many scholars recommend the silver standard as it benefits more recipients.
No. Zakat does not apply to personal-use assets like your home, car or furniture. It applies to wealth saved, invested, or held for growth.
Zakat is due once every lunar (Hijri) year, about 11 days shorter than the Gregorian year, on wealth that stayed above Nisab for that full lunar year.