1. What is Zakat on Gold?

Zakat on gold is an obligatory charity in Islam that must be paid by Muslims who own gold above the Nisab threshold for one lunar year. The current rate is 2.5% of the total gold value.

2. How Does the Calculator Work?

The calculator uses the Zakat formula:

Where:

• Gold Value — Current market value of all gold owned (in dollars)
• Nisab — Minimum threshold for Zakat eligibility (in dollars)
• 2.5% — Fixed Zakat rate for gold

Explanation: Zakat is only payable if the total gold value exceeds the Nisab threshold after one lunar year of ownership.

3. Importance of Zakat Calculation

Details: Accurate Zakat calculation ensures fulfillment of this important Islamic pillar, proper wealth purification, and correct distribution to those in need.

4. Using the Calculator

Tips: Enter the total current market value of all gold you own and the applicable Nisab threshold. The calculator will determine if Zakat is due and calculate the amount.

5. Frequently Asked Questions (FAQ)

Q1: What is the current Nisab value for gold?
A: The Nisab threshold is equivalent to 87.48 grams of gold or its cash value. Check current gold prices for accurate conversion.

Q2: Is Zakat due on gold jewelry?
A: Most scholars agree Zakat is due on gold jewelry if it meets the Nisab threshold, unless it's for personal use within reasonable limits.

Q3: How often should Zakat be paid?
A: Zakat is due annually once the Nisab threshold is met and maintained for one lunar year (Hawl).

Q4: Are there different rates for different types of gold?
A: No, the 2.5% rate applies to all gold (jewelry, coins, bars) when above Nisab.

Q5: Should I use current gold prices?
A: Yes, always use current market prices when calculating the value of your gold for Zakat purposes.