How to Calculate Zakat
What is Zakat?
Zakat is one of the Five Pillars of Islam — a mandatory annual charitable contribution of 2.5% on wealth held above the Nisab threshold for one lunar year. The Nisab is calculated as the value of 87.48g of gold or 612.36g of silver (whichever applies).
Step-by-Step Guide
- 1Calculate total zakatable wealth: cash, savings, investments, gold, silver, business inventory
- 2Exclude: primary home, personal car, furniture, tools of trade
- 3If total wealth > Nisab and held for one lunar year: pay 2.5%
- 4Nisab 2024 (gold basis): approximately £4,000–£5,000 (fluctuates with gold price)
Worked Examples
Frequently Asked Questions
What is Zakat?
Zakat is one of the Five Pillars of Islam — a mandatory annual charitable contribution of 2. 5% on wealth held above the Nisab threshold for one lunar year
How accurate is the Zakat calculator?
The calculator uses the standard published formula for zakat. Results are accurate to the precision of the inputs you provide. For financial, medical, or legal decisions, always verify with a qualified professional.
What units does the Zakat calculator use?
This calculator works with inches, British pounds, percentages. You can enter values in the units shown — the calculator handles all conversions internally.
What formula does the Zakat calculator use?
The calculator applies the standard formula for this type of calculation. See the 'How It Works' steps above for the detailed formula breakdown.
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