1. What is Zakat on Gold?

Zakat on gold is an obligatory charity in Islam that must be paid by Muslims who own gold above the Nisab threshold (minimum amount) for one lunar year. The rate is 2.5% of the gold value above the Nisab.

2. How Does the Calculator Work?

The calculator uses the Zakat formula:

Where:

• Gold Value — Current market value of all gold you own
• Nisab — Minimum threshold (typically value of 87.48 grams of gold)
• 2.5% — Fixed Zakat rate for gold

Explanation: Zakat is only payable if your gold wealth exceeds the Nisab threshold for one lunar year.

3. Importance of Zakat Calculation

Details: Accurate Zakat calculation ensures fulfillment of this important Islamic pillar and proper distribution to eligible recipients.

4. Using the Calculator

Tips: Enter the total market value of all gold you own and the current Nisab threshold in your local currency. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the current Nisab value for gold?
A: The Nisab is equal to 87.48 grams of gold. Check current gold prices to determine the monetary value in your currency.

Q2: Is Zakat due on gold jewelry?
A: Most scholars agree Zakat is due on gold jewelry if it meets the Nisab threshold, unless it's for personal use (opinions vary).

Q3: How often should Zakat be paid?
A: Zakat is due annually after one lunar year (Hawl) of owning wealth above the Nisab.

Q4: What if my gold value fluctuates during the year?
A: Use the current market value when calculating Zakat at the due date.

Q5: Can I pay Zakat in advance?
A: Yes, you can pay Zakat in advance if you anticipate having wealth above Nisab for the coming year.