Gold Zakat Calculator

Calculate your Zakat on gold assets accurately. Enter the weight of your gold and its current market value to determine your total wealth and the 2.5% Zakat due based on the Nisab threshold. This is an informational tool; please consult with a knowledgeable Islamic scholar for guidance specific to your situation. Explore more tools on free financial calculators on CalculatorBolt.

Calculate Zakat on Gold

Current market price
Standard Nisab is 87.48 grams (7.5 tolas)

Unit Conversion (to Grams)
1 Gram 1 gram
1 Tola 11.664 grams
1 Troy Ounce 31.1035 grams

The standard Nisab for gold is 87.48 grams. You can adjust this if you follow a different scholarly opinion.

How It Works

Zakat is one of the Five Pillars of Islam and is an obligatory charity of 2.5% on a Muslim's wealth above a certain minimum threshold, known as Nisab. This calculator helps you determine if your gold assets exceed the Nisab value and calculates the corresponding Zakat amount. The standard Nisab is the value of 87.48 grams of gold.

Inputs Explained

  • Gold Weight: The total weight of the gold you own.
  • Unit: The unit of measurement for your gold (grams, tolas, or ounces).
  • Gold Value per Unit: The current market price of gold per unit. Check with your local jeweler for an accurate price.
  • Nisab Threshold (in Grams): The minimum amount of gold required before Zakat is due. The standard is 87.48 grams.

Example

If you own 100 grams of gold and the current market price is $65 per gram, your total gold value is $6,500. The Nisab value (based on 87.48g) would be $5,686.20. Since your gold's value exceeds the Nisab, your Zakat liability would be 2.5% of $6,500, which is $162.50.

Tips & Notes

  • The price of gold fluctuates daily. Use the most recent market price for an accurate calculation.
  • There are differing scholarly opinions on whether Zakat is due on gold jewelry for personal use. This calculator applies Zakat to all gold assets above the Nisab. Consult a scholar for a ruling specific to your jewelry.
  • Zakat is due on assets that have been in your possession for one lunar year (Hawl).

FAQs

Nisab is the minimum amount of wealth a Muslim must possess for a full lunar year before Zakat becomes obligatory. It is typically defined as the value of 87.48 grams of gold or 612.36 grams of silver.

You pay 2.5% of the total market value of your gold assets, provided the total value exceeds the Nisab threshold.

There are different opinions. Many scholars state that if the jewelry is for personal use and is not extravagant, Zakat may not be due. However, if it is for investment or exceeds the Nisab, Zakat is payable. It is best to consult a scholar.

You can check with local jewelers, financial news websites, or online commodity price trackers for the current market rate.

The calculator uses the currency selected in the site's header. The Zakat amount will be calculated in that currency.

Disclaimer

Important: This calculator provides an estimate of Zakat on gold based on standard formulas. It is for informational purposes only and does not constitute a religious ruling (fatwa). Zakat calculations can be complex and depend on individual circumstances. Please consult with a qualified Islamic scholar for accurate and personalized guidance.

Related Calculators

Compound Interest Calculator
Growth projections
Income Tax Calculator
Tax estimates
Author: CalculatorBolt Editorial Team
Reviewed by: Islamic Finance Advisor
Published: • Updated: