How Do You Calculate Zakat on Gold

Zakat on Gold Calculator

Use this calculator to determine the Zakat due on your gold holdings.

function calculateZakatOnGold() { var goldWeight = parseFloat(document.getElementById('goldWeight').value); var goldPurity = parseFloat(document.getElementById('goldPurity').value); var goldPricePerGram = parseFloat(document.getElementById('goldPricePerGram').value); var zakatResultDiv = document.getElementById('zakatResult'); // Validate inputs if (isNaN(goldWeight) || goldWeight < 0) { zakatResultDiv.innerHTML = 'Please enter a valid total gold weight.'; return; } if (isNaN(goldPurity) || goldPurity 24) { zakatResultDiv.innerHTML = 'Please enter a valid gold purity (0-24 karats).'; return; } if (isNaN(goldPricePerGram) || goldPricePerGram < 0) { zakatResultDiv.innerHTML = 'Please enter a valid current gold price per gram.'; return; } // Zakat constants var nisabGoldGrams = 87.48; // Nisab for gold in grams var zakatRate = 0.025; // 2.5% // Step 1: Calculate pure gold weight var purityFactor = goldPurity / 24; var pureGoldWeight = goldWeight * purityFactor; // Step 2: Calculate total value of pure gold var totalGoldValue = pureGoldWeight * goldPricePerGram; var resultHTML = '

Zakat Calculation Details:

'; resultHTML += 'Total Pure Gold Weight: ' + pureGoldWeight.toFixed(2) + ' grams'; resultHTML += 'Current Nisab for Gold: ' + nisabGoldGrams.toFixed(2) + ' grams'; resultHTML += 'Total Value of Pure Gold: $' + totalGoldValue.toFixed(2) + "; // Step 3: Check if Nisab is met if (pureGoldWeight >= nisabGoldGrams) { var zakatAmount = totalGoldValue * zakatRate; resultHTML += 'Nisab Met: Yes'; resultHTML += 'Zakat Due (2.5%): $' + zakatAmount.toFixed(2) + ''; } else { resultHTML += 'Nisab Met: No'; resultHTML += 'Zakat Due: None (Your pure gold weight is below the Nisab threshold)'; } zakatResultDiv.innerHTML = resultHTML; } .zakat-calculator-container { font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif; background-color: #f9f9f9; border: 1px solid #ddd; border-radius: 8px; padding: 25px; max-width: 600px; margin: 30px auto; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.08); color: #333; } .zakat-calculator-container h2 { text-align: center; color: #2c3e50; margin-bottom: 20px; font-size: 1.8em; } .zakat-calculator-container p { line-height: 1.6; margin-bottom: 15px; } .calculator-form .form-group { margin-bottom: 18px; } .calculator-form label { display: block; margin-bottom: 8px; font-weight: bold; color: #555; font-size: 0.95em; } .calculator-form input[type="number"] { width: calc(100% – 20px); padding: 12px; border: 1px solid #ccc; border-radius: 5px; font-size: 1em; box-sizing: border-box; transition: border-color 0.3s ease; } .calculator-form input[type="number"]:focus { border-color: #007bff; outline: none; box-shadow: 0 0 5px rgba(0, 123, 255, 0.2); } .calculator-form button { display: block; width: 100%; padding: 14px 20px; background-color: #28a745; color: white; border: none; border-radius: 5px; font-size: 1.1em; cursor: pointer; transition: background-color 0.3s ease, transform 0.2s ease; margin-top: 25px; } .calculator-form button:hover { background-color: #218838; transform: translateY(-2px); } .calculator-result { margin-top: 30px; padding: 20px; background-color: #e9f7ef; border: 1px solid #d4edda; border-radius: 8px; color: #155724; font-size: 1.05em; } .calculator-result h3 { color: #2c3e50; margin-top: 0; margin-bottom: 15px; font-size: 1.4em; } .calculator-result p { margin-bottom: 10px; } .calculator-result p strong { color: #333; }

Understanding Zakat on Gold: A Comprehensive Guide

Zakat is one of the five pillars of Islam, an obligatory charity paid annually by Muslims who meet the necessary criteria of wealth. It serves as a means of purifying one's wealth and distributing it among the less fortunate, fostering economic justice and social welfare within the community. While Zakat applies to various forms of wealth, including cash, business assets, and agricultural produce, Zakat on gold holds particular significance due to its historical role as a store of value.

What is Zakat on Gold?

Zakat on gold refers to the mandatory charitable contribution due on gold holdings that meet a specific minimum threshold, known as the Nisab, and have been in one's possession for a full lunar year (Hawl). This includes gold in any form, such as jewelry, gold bars, coins, or even gold dust, whether it is worn, stored, or intended for investment.

The Nisab for Gold

The Nisab is the minimum amount of wealth a Muslim must possess before Zakat becomes obligatory. For gold, the Nisab is set at 87.48 grams of pure gold (or 7.5 Tolas). If your total pure gold holdings meet or exceed this weight, and you have owned it for a full lunar year, Zakat becomes due.

It's crucial to calculate the pure gold content of your items, especially for jewelry, which often comes in varying purities (e.g., 18K, 21K, 22K). Our calculator helps you account for this purity.

The Zakat Rate for Gold

Once your gold holdings meet the Nisab and have been held for a full lunar year, Zakat is calculated at a fixed rate of 2.5% of the total market value of the pure gold. This means for every $100 worth of pure gold you own above the Nisab, you would pay $2.50 in Zakat.

How to Calculate Zakat on Gold

Calculating Zakat on gold involves a few straightforward steps:

1. Determine the Total Weight of Your Gold: Gather all your gold items and weigh them accurately in grams.
2. Ascertain the Purity of Your Gold: Note the karatage of each item (e.g., 24K, 22K, 18K). If you have items of different purities, you'll need to calculate the pure gold content for each. Our calculator simplifies this by allowing you to input an average purity or calculate based on a single purity for your total weight.
3. Calculate the Pure Gold Weight: Convert the karatage to a percentage of purity (e.g., 22K is 22/24 = 91.67% pure). Multiply the total weight of your gold by its purity percentage to find the pure gold content.
   Example: If you have 100 grams of 22K gold, the pure gold weight is 100g * (22/24) = 91.67 grams.
4. Check Against the Nisab: Compare your total pure gold weight with the Nisab threshold of 87.48 grams. If your pure gold is less than the Nisab, no Zakat is due.
5. Determine the Current Market Value: If your pure gold meets or exceeds the Nisab, find the current market price of gold per gram. This price can fluctuate daily, so it's important to use an up-to-date figure.
6. Calculate the Total Value of Your Pure Gold: Multiply your pure gold weight by the current market price per gram.
   Example: If you have 91.67 grams of pure gold and the price is $70/gram, the total value is 91.67 * $70 = $6,416.90.
7. Calculate the Zakat Amount: Multiply the total market value of your pure gold by the Zakat rate of 2.5% (or 0.025).
   Example: Zakat due = $6,416.90 * 0.025 = $160.42.

Important Considerations

• Lunar Year (Hawl): Zakat becomes due after your wealth (including gold) has been in your possession for one full lunar year, starting from the day your wealth first reached the Nisab.
• Mixed Assets: If you have gold along with other Zakat-eligible assets (like silver or cash), their values might be combined to meet the Nisab for cash/silver if the gold Nisab isn't met independently. However, for gold, it's generally calculated based on its own Nisab.
• Debts: Generally, debts can be deducted from Zakat-eligible assets, but this is a complex area and it's best to consult with a qualified Islamic scholar for specific guidance.
• Intention: The intention behind holding gold (e.g., for personal use as jewelry vs. investment) does not exempt it from Zakat if it meets the Nisab.

Paying Zakat on gold is a spiritual obligation that brings immense blessings and contributes to the welfare of society. By using tools like our Zakat on Gold Calculator, you can accurately fulfill this important pillar of your faith.