Zakat calculator

How zakat on wealth is worked out

1. Add up your zakatable wealth: cash, bank balances, gold and silver, shares and other investments, business stock and cash, and money owed to you that you expect to get back.
2. Take away debts and bills that are due now.
3. If what’s left is at or above the nisab, and you have held at least that much for one lunar year (hawl), zakat is 2.5% of it.

The nisab: gold or silver?

The nisab is the minimum wealth on which zakat is due. It is set as the value of 85 grams of gold or 595 grams of silver. Because silver is much cheaper than gold, the silver nisab is far lower, so more people pay zakat under it. Scholars differ on which to use for cash and mixed wealth: many use silver as the more cautious choice that benefits more people in need, and others use gold. The calculator lets you choose and shows the threshold in your currency.

Gold and silver prices change every day, so enter today’s price per gram. Your bank, a bullion dealer or a local jeweller can give you a current price.

Worked example

If gold were AED 400 a gram: the gold nisab is 85 × 400 = AED 34,000. Someone with AED 50,000 in savings, 20 grams of 22-karat gold (worth about AED 7,333), AED 10,000 in shares and AED 5,000 of bills due has zakatable wealth of AED 62,333. That is above the nisab, so zakat is 2.5% of it: about AED 1,558.

Questions people often ask

Is zakat due on gold jewellery I wear?

Opinions differ. The Hanafi school holds that zakat is due on gold and silver jewellery; the majority of other schools exempt jewellery worn in normal use. If you follow the second view, leave jewellery you wear out of the gold amount.

What about my home, car and pension?

Your own home, car and personal belongings are not zakatable. Property bought to sell is treated as business stock. Pensions you can’t yet access are treated differently by different scholars; many only count the part you could withdraw today.

Do long-term loans like a mortgage count as debts?

A common approach is to deduct only the instalments due now (for example, this month’s payment), not the whole outstanding balance. Otherwise someone with a large mortgage would never pay zakat on substantial savings.

Is zakat the same as the Saudi zakat on businesses?

No. In Saudi Arabia, companies pay zakat to ZATCA under its own regulations, which use a different base. This calculator is for personal zakat on wealth.

This calculator follows the widely used rules above. For your own situation, especially business assets, shares held for the long term or debts, ask a scholar or zakat organisation you trust.