Zakat Calculator
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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).
- 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)
£20,000 savings above Nisab=Zakat due: £50020,000 × 2.5% = £500
Total wealth £8,000 (above Nisab)=Zakat: £200Paid once per lunar year if held for full year
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