What is Zakat?
Zakat is one of the Five Pillars of Islam — an annual obligation to give 2.5% of qualifying wealth to those in need. It applies to Muslims whose net assets exceed the Nisab threshold for one lunar year.
Nisab is the minimum wealth threshold, equivalent to 87.48 grams of gold or 612.36 grams of silver. At current gold prices (~₹7,500/gram), Nisab ≈ ₹6.56 Lakhs.
Formula
Zakat = 2.5% of (Total Zakatable Assets − Debts) Zakatable assets include: - Cash and bank balances - Gold and silver (above personal use exemption) - Stocks, mutual funds, crypto - Business inventory and receivables - Rental income saved Nisab (gold basis) = 87.48g × current gold price Nisab (silver basis) = 612.36g × current silver price
How to use this Zakat Calculator?
1. Enter cash and savings. 2. Enter value of gold and silver. 3. Add investment values. 4. Add business assets if applicable. 5. Deduct outstanding debts. 6. See Zakat amount due.