☪️ Islamic Tools
Zakat Calculator 2024
Calculate your annual Zakat obligation on savings, gold, investments and business assets
Advertisement
Silver Nisab (~595g) — Recommended
Your Zakatable Assets
Advertisement
Frequently Asked Questions
What is the Nisab for Zakat in 2024?+
The Nisab is the minimum threshold of wealth above which Zakat becomes obligatory. It is equivalent to 85 grams of gold or 595 grams of silver. As of 2024, use current gold and silver prices to determine the Nisab value in your local currency. Most scholars recommend using the silver Nisab as it is more inclusive.
What is the Zakat rate?+
The standard Zakat rate is 2.5% (one-fortieth) of your total zakatable wealth that has been held for one full lunar year (Hawl). This applies to cash savings, gold, silver, business inventory, and investments. Agricultural produce and livestock follow different rates.
Is Zakat obligatory on all Muslims?+
Zakat is one of the Five Pillars of Islam and is obligatory (Fard) on every adult Muslim who is sane, free, and possesses wealth above the Nisab threshold for a complete lunar year. It is not required on the wealth of children or those who do not meet the Nisab threshold.