Zakat on Gold | Step-by-step Guide to Calculate & Pay 2.5% Zakat

Zakat Al-Maal is an annual 2.5% payment due on specific types of wealth, including: - Cash (savings, bank, investment funds) - Gold & silver (bars, coins, jewellery; depending on use) - Business stock or inventory - Investments (shares, rental income) - Debts owed to you (if recoverable soon)

You're required to pay Zakat if: - You're a Muslim, adult, and of sound mind - Your total wealth meets or exceeds the nisab threshold - You’ve held that wealth for one full Islamic (Hijri) year

The Nisab is the minimum wealth you must own before Zakat becomes due. It is based on: - 85 grams of gold OR - 595 grams of silver Most scholars advise using the silver nisab because it’s lower and benefits more people in need. No need to calculate manually, our Zakat Calculator auto-updates with daily gold and silver rates.

1. Find the Current Gold Price
   To calculate your Zakat, you need to know the current market price of gold per gram.
   Example (Gold Price Today in AUD): $95 per gram (This value changes daily)
   Our Online Zakat Calculator automatically updates the gold price.
2. Determine the Weight of Your Gold
   Weigh all the gold you own (coins, bars, or jewellery).
   Example: You own 100 grams of gold (since Nisab is 85g, you qualify).
   Personal Jewellery: If gold is worn regularly, some scholars say it is NOT Zakatable. If kept for investment or savings, Zakat must be paid.
3. Calculate the Total Value of Your Gold
   Multiply the weight of your gold by the current price per gram.
   Example Calculation: 100g × $95 AUD = $9,500 AUD
4. Pay 2.5% as Zakat
   Once you know the total value of your gold, multiply it by 2.5% to get your Zakat amount.
   Example Calculation: $9,500 × 2.5% = $237.50 AUD
   Zakat Formula: (Total Gold Value) × 2.5% = Zakat Due

Too much math? Use our Online Zakat Calculator to calculate now.

• Do I Pay Zakat on Gold Jewellery?
  If gold is for investment/savings, Zakat is due. If worn regularly, scholars differ, some say Zakat is not required. When in doubt, ask a knowledgeable scholar for clarification.
• Do I Need to Pay Zakat on White Gold?
  Yes.
• How Do I Calculate Zakat on Gold & Other Wealth Together?
  Add the total value of: Cash (bank savings, home savings, investments, etc.), Gold & silver, Business stock, Money owed to you (if recoverable soon).
  Subtract any short-term debts (e.g. personal loans due this year).
  Multiply the remaining amount by 2.5%.
  Use our Online Zakat Calculator for an easy calculation!

Once every Islamic year (Most people pay during Ramadan for extra blessings). Zakat is distributed to eligible recipients, such as: - The poor - The needy Give your Zakat through Al-Ihsan Foundation.

1. Check the latest gold price (Our calculator updates it for you).
2. Weigh your gold (in grams).
3. Multiply by the gold price per gram.
4. Multiply the total by 2.5%.
5. Give your Zakat to eligible recipients.

Skip the manual calculation! Use our Zakat Calculator.

Contact Us. We are ready to answer your questions. By paying Zakat, you purify your wealth and support those in need. May Allah accept your Zakat and bless your wealth.