Zakat Calculator
How zakat is calculated
Zakat is payable at 2.5% of the wealth one possesses above the nisab.
Nisab, which is equal to 85 grams of 24k gold, is the minimum amount of wealth one must have before they are liable to pay zakat.
2.5%
of the wealth one possesses above the nisab
85g
of 24k gold: the nisab
Zakat is typically liable on
- Gold
- Silver
- Cash
- Savings
- Investments
- Rent income
- Business merchandise and profits
- Shares, securities and bonds
Zakat is not paid on wealth used for debt repayment of living expenses such as
- Clothing
- Food
- Housing
- Transportation
- Education
- Similar necessities
The nisab amount shown here is based on the latest spot prices entered below and may change with daily market fluctuations.