How to Calculate Zakat on Cash, Gold, Silver, Investments and Business Assets
Add up your zakatable wealth, subtract debts, compare with the nisab (612.36 g of silver) and find the 2.5 percent due, with a simple method.
Zakat is a yearly obligation on Muslims whose wealth is above the nisab for a full lunar year. The rate is 2.5 percent. Many people find the counting stage the hardest, so a step-by-step list helps.
Quick answer
Add your cash, gold, silver, investments, business stock and money owed to you; subtract your immediate debts; if the net is above the nisab, Zakat is 2.5 percent of that net amount.
The nisab used here
The calculator takes the nisab as the value of 612.36 grams of silver, which is lower than the gold nisab (87.48 grams) and so brings more people into the Zakat obligation. Enter today's silver and gold price per gram yourself.
What to include
- Cash in hand and in bank accounts.
- Gold and silver (jewellery, coins, bars) in grams.
- Investments: shares, funds and savings certificates held for returns.
- Business stock and goods for sale.
- Money owed to you that you expect to receive.
What to subtract
- Debts due soon: loans, credit card balances and unpaid bills.
Example
Cash 300,000 + gold worth 400,000 + shares 200,000 + owed to you 100,000 − debts 150,000 = 850,000 net. If the silver nisab is 150,000, Zakat = 850,000 × 2.5 percent = 21,250.
Steps
- Enter prices of gold and silver per gram.
- Add each type of wealth.
- Enter debts.
- Read the nisab check and the Zakat due.
Notes
- Personal home, car and everyday items are not zakatable.
- Rules for jewellery, pensions and shares differ among scholars and schools.
- This is a helpful estimate; ask a qualified scholar about your own situation.
