Nisab Threshold Calculator

The nisab is the minimum wealth threshold that determines whether a Muslim is obligated to pay Zakat. If an individual's total zakatable wealth equals or exceeds the nisab and has remained so for one complete lunar year (hawl), Zakat becomes obligatory. The nisab can be calculated using two standards historically used since the time of the Prophet Muhammad (peace be upon him): the gold standard (85 grams of pure gold) and the silver standard (595 grams of pure silver). These two standards exist because in the early Islamic period, gold and silver were both used as currency. Today, because gold prices have risen dramatically relative to silver, the gold nisab is significantly higher than the silver nisab in monetary value. The gold nisab (approximately $6,000–$7,000 at 2024 prices) is favored by scholars who argue that gold remains a more universal wealth standard. The silver nisab (approximately $450–$600 at 2024 prices) is favored by many contemporary scholars who argue it captures more people within the Zakat obligation, fulfilling the redistribution purpose more broadly. Most Islamic jurisdictions and Zakat organizations provide guidance on which standard to use. The nisab is a living value — it changes daily with gold and silver market prices, meaning you should use the nisab value on your specific hawl (Zakat calculation) date.

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1. 1Determine today's gold price per gram of pure (24K) gold from a reputable financial source. Multiply by 85 to get the gold nisab in your local currency.
2. 2Determine today's silver price per gram. Multiply by 595 to get the silver nisab in your local currency.
3. 3Choose which standard to apply: consult your local Zakat authority, mosque, or Islamic scholar. Note that using the silver nisab will result in more people having Zakat obligations due to its lower monetary threshold.
4. 4Calculate your total net zakatable wealth on your hawl date: add all zakatable assets (cash, bank balances, investment gold/silver, receivables, business inventory, shares) and subtract eligible current liabilities.
5. 5Compare your total net zakatable wealth to the chosen nisab amount. If at or above the nisab, Zakat is due.
6. 6Verify that the wealth has been continuously at or above the nisab for the full lunar year (hawl). If wealth dropped below the nisab at any point and then recovered, a new hawl begins from the recovery date.
7. 7Pay 2.5% Zakat on the total net zakatable wealth (or the applicable specific rate for livestock, agricultural produce, etc.).

• !Using a fixed monetary nisab rather than recalculating from current gold/silver prices — the nisab changes daily.
• !Comparing individual asset categories to the nisab separately rather than combined total zakatable wealth.
• !Not distinguishing between the hawl date (when Zakat is assessed) and the date of payment — these can be separate.
• !Applying the agricultural or livestock nisab to savings Zakat — different categories have different nisabs.
• !Using last year's gold price for this year's nisab calculation.
• !Not accounting for the hawl reset if wealth dips below the nisab during the year.