How to work out Zakat
- Type today’s gold and silver price per tola. Local sarafa associations publish them every day.
- Enter the gold and silver you own, in tola or grams.
- Enter cash, bank balances, investments, business stock and money owed to you.
- Enter debts and bills due now. They are taken off first.
If what is left is at or above nisab, Zakat is 2.5% of it. For example, Rs 1,000,000 of zakatable wealth means Rs 25,000 Zakat.
What is nisab?
Nisab is the minimum wealth on which Zakat is due: 7.5 tola (87.48 g) of gold or 52.5 tola (612.36 g) of silver. Because silver is cheaper, the silver nisab is much lower, and most Hanafi scholars use it when wealth is a mix of cash, gold and other assets.
What is not counted
The home you live in, your car, furniture, clothes and other things for personal use.
Bank Zakat deduction
Banks in Pakistan deduct Zakat from savings accounts on the first of Ramadan unless you have filed a declaration. If yours was deducted, you may count it towards what you owe.
This is a guide to help you work out the amount. For your own situation, ask a scholar you trust.
Is anything I type saved?
No. The numbers are worked out in your browser and are not sent anywhere.
