Zakat Calculation on Gold Jewellery

Zakat Calculator for Gold Jewellery

24 Karat (Pure Gold) 22 Karat 18 Karat 14 Karat
function calculateZakatGold() { var goldWeight = parseFloat(document.getElementById('goldWeight').value); var goldPurityFactor = parseFloat(document.getElementById('goldPurity').value); var goldPricePerGram = parseFloat(document.getElementById('goldPricePerGram').value); // Validate inputs if (isNaN(goldWeight) || goldWeight < 0) { document.getElementById('result').innerHTML = 'Please enter a valid total weight of gold.'; return; } if (isNaN(goldPricePerGram) || goldPricePerGram = nisabGoldGrams) { zakatDue = totalGoldValue * 0.025; // 2.5% of the total value zakatStatus = "Nisab met. Zakat is due."; } else { zakatStatus = "Nisab not met. Zakat is not due on this gold."; } var currencySymbol = "$"; // Default currency symbol, can be customized var resultHTML = '

Zakat Calculation Results:

'; resultHTML += 'Total Pure Gold Content: ' + pureGoldContent.toFixed(2) + ' grams'; resultHTML += 'Current Value of Your Pure Gold: ' + currencySymbol + totalGoldValue.toFixed(2) + "; resultHTML += 'Nisab Threshold (Pure Gold): ' + nisabGoldGrams.toFixed(2) + ' grams'; resultHTML += 'Nisab Value (in ' + currencySymbol + '): ' + currencySymbol + nisabValue.toFixed(2) + "; resultHTML += 'Zakat Status: ' + zakatStatus + "; if (zakatDue > 0) { resultHTML += 'Zakat Due: ' + currencySymbol + zakatDue.toFixed(2) + "; } document.getElementById('result').innerHTML = resultHTML; } .calculator-container { font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif; background-color: #f9f9f9; border: 1px solid #eee; border-radius: 8px; padding: 25px; max-width: 600px; margin: 30px auto; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.08); color: #333; } .calculator-container h2 { text-align: center; color: #2c3e50; margin-bottom: 25px; font-size: 1.8em; } .calculator-content { display: flex; flex-direction: column; gap: 15px; } .input-group { display: flex; flex-direction: column; margin-bottom: 10px; } .input-group label { margin-bottom: 8px; font-weight: bold; color: #555; font-size: 0.95em; } .input-group input[type="number"], .input-group select { padding: 12px; border: 1px solid #ccc; border-radius: 5px; font-size: 1em; width: 100%; box-sizing: border-box; transition: border-color 0.3s ease; } .input-group input[type="number"]:focus, .input-group select:focus { border-color: #007bff; outline: none; box-shadow: 0 0 5px rgba(0, 123, 255, 0.2); } .calculate-button { background-color: #28a745; color: white; padding: 14px 25px; border: none; border-radius: 5px; cursor: pointer; font-size: 1.1em; font-weight: bold; margin-top: 20px; transition: background-color 0.3s ease, transform 0.2s ease; width: 100%; box-sizing: border-box; } .calculate-button:hover { background-color: #218838; transform: translateY(-2px); } .calculate-button:active { transform: translateY(0); } .result-area { background-color: #e9f7ef; border: 1px solid #d4edda; border-radius: 8px; padding: 20px; margin-top: 25px; font-size: 1.05em; color: #155724; line-height: 1.6; } .result-area h3 { color: #218838; margin-top: 0; margin-bottom: 15px; font-size: 1.4em; text-align: center; } .result-area p { margin-bottom: 8px; } .result-area .highlight { font-size: 1.2em; color: #0056b3; font-weight: bold; text-align: center; margin-top: 15px; } .result-area .error { color: #dc3545; font-weight: bold; text-align: center; }

Understanding Zakat on Gold Jewellery

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 needy. While Zakat applies to various forms of wealth, including cash, business assets, and agricultural produce, Zakat on gold jewellery is a common concern for many.

What is Zakat on Gold?

Zakat becomes obligatory on gold when its quantity reaches or exceeds a specific minimum threshold known as the 'Nisab', and it has been in one's possession for a full lunar year (Hawl). The Zakat rate for gold is 2.5% of its total value.

The Nisab for Gold

The Nisab for gold is set at 87.48 grams of pure gold (24 Karat). This means that if the total pure gold content of your jewellery (or other gold assets) is equal to or exceeds this amount, Zakat becomes due, provided it has been owned for a full lunar year.

Calculating Zakat on Gold Jewellery

Calculating Zakat on gold jewellery requires a few key steps, as jewellery often isn't pure gold:

  1. Determine the Total Weight: First, weigh all your gold jewellery. This includes necklaces, rings, bracelets, earrings, etc.
  2. Ascertain the Purity (Karat): Gold jewellery comes in various purities, such as 24K (pure gold), 22K, 18K, or 14K. The purity affects the actual gold content.
    • 24 Karat = 100% pure gold (factor of 1)
    • 22 Karat = 22/24 = 91.67% pure gold (factor of 0.9167)
    • 18 Karat = 18/24 = 75% pure gold (factor of 0.75)
    • 14 Karat = 14/24 = 58.33% pure gold (factor of 0.5833)
    If you have jewellery of different purities, you'll need to calculate the pure gold content for each item separately and then sum them up.
  3. Calculate Pure Gold Content: Multiply the total weight of your jewellery by its purity factor. For example, if you have 100 grams of 22K gold, the pure gold content is 100g * (22/24) = 91.67 grams.
  4. Find the Current Market Price: Obtain the current market price of pure gold per gram in your local currency. This price fluctuates daily, so it's important to use an up-to-date figure.
  5. Calculate the Total Value of Pure Gold: Multiply your total pure gold content (in grams) by the current market price per gram.
  6. Check Against Nisab: Compare your total pure gold content (in grams) with the Nisab of 87.48 grams. If your pure gold content is equal to or greater than the Nisab, Zakat is due.
  7. Calculate Zakat Due: If Zakat is due, calculate 2.5% of the total value of your pure gold.

Example Calculation:

Let's say you own 120 grams of 22 Karat gold jewellery, and the current market price of pure gold is $65 per gram.

  1. Total Weight: 120 grams
  2. Purity: 22 Karat (factor = 22/24 = 0.9167)
  3. Pure Gold Content: 120 grams * 0.9167 = 110.004 grams
  4. Current Market Price: $65 per gram
  5. Total Value of Pure Gold: 110.004 grams * $65/gram = $7,150.26
  6. Nisab Check: The pure gold content (110.004 grams) is greater than the Nisab (87.48 grams). So, Zakat is due.
  7. Zakat Due: $7,150.26 * 2.5% = $178.76

In this example, you would owe $178.76 in Zakat on your gold jewellery.

Important Considerations:

  • Intention: Zakat is generally due on gold that is held as a store of wealth or for investment. There is a difference of opinion among scholars regarding Zakat on gold jewellery worn regularly for personal adornment. Many contemporary scholars lean towards Zakat being obligatory on all gold, regardless of its use, once it meets the Nisab and Hawl conditions. It is advisable to consult a local Islamic scholar for guidance specific to your situation.
  • Lunar Year (Hawl): Zakat becomes due only after the gold has been in your possession for a full lunar year from the date it reached the Nisab threshold.
  • Market Price: Always use the current market price of pure gold, not the price you originally paid for the jewellery.

Using the calculator above can help you quickly determine your Zakat obligation on gold jewellery based on its weight, purity, and the current market price of gold.

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