What is zakat on gold?

Zakat on gold is an obligatory annual charity in Islam paid by Muslims who own gold above the nisab threshold for one full lunar year (hawl). The standard rate is 2.5% of the total value of the gold. It is one of the five pillars of Islam (zakat al mal) and is paid to specified categories of recipients such as the poor and needy.

How much is the nisab for gold?

The nisab for gold is 85 grams of pure (24k) gold, equivalent to 20 mithqal or 7.5 tola. If your total gold holdings (converted to 24k pure-gold equivalent) reach or exceed 85 grams and you have owned that amount for one lunar year, zakat becomes obligatory. If your holdings are below the nisab, no zakat is due.

Do I pay zakat on gold jewelry?

Scholarly opinions differ on zakat for gold jewelry that is worn for personal use. The Hanafi school holds that zakat is due on all gold, including worn jewelry, once the nisab is reached. The Maliki, Shafi'i, and Hanbali schools generally exempt jewelry that is in regular permissible personal use, though zakat is still due on jewelry held for investment or stored away. You should consult a qualified scholar for guidance on your specific situation.

Is zakat 2.5% of total gold value?

Yes. The standard zakat rate on gold and other monetary assets is 2.5% (or one fortieth, 1/40) of the total value at the time zakat is due, provided the holdings have been at or above the nisab for one full lunar year. You can pay this either as cash equal to 2.5% of the gold's market value, or by giving 2.5% of the gold itself in physical form.

How is zakat calculated for mixed karats?

When you hold gold of different karats (such as 24k, 22k, 21k, 18k, or 14k), each amount is converted to its pure-gold-equivalent weight using its purity ratio (24k = 100%, 22k = 91.7%, 21k = 87.5%, 18k = 75%, 14k = 58.3%). These pure-gold-equivalent grams are summed. If the total reaches 85 grams of pure gold, you owe 2.5% of the market value of that pure gold equivalent.

Free ToolNisab 85g2.5% RateMixed Karats

Free Zakat on Gold Calculator

Zakat on gold is an obligatory annual charity of 2.5% on gold holdings that have remained at or above the nisab threshold of 85 grams of pure (24k) gold for one full lunar year (hawl). This calculator handles mixed karats and computes both the cash value and equivalent physical gold owed.

Add each holding by weight and karat. We convert to pure-gold equivalent, compare to the nisab, and apply the 2.5% rate using current Egyptian 24k gold prices.

Free Zakat on Gold Calculator

Frequently Asked Questions

What is zakat on gold?

How much is the nisab for gold?

Do I pay zakat on gold jewelry?

Is zakat 2.5% of total gold value?

How is zakat calculated for mixed karats?

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