Home · Guides

Zakat

How to calculate zakat on gold, silver and savings (worked example)

The rule is simple: 2.5% of your net zakatable wealth, once a lunar year, if it is at or above the nisab. The details are where people get stuck: which nisab, how to value jewellery that is not pure gold, and what you may subtract. This guide goes through each step with one fictional example.

Or do it now: the free zakat calculator does every step below in your browser. Nothing is saved or sent anywhere.

Not a fatwa. This is an arithmetic walkthrough, not religious, financial or tax advice. Where scholars differ, it says so. For your own situation, ask a scholar you trust or your local zakat authority. All figures are examples.

The basic rule

Zakat is due on wealth that is at or above the nisab and has stayed there for a full lunar year (the hawl, about 354 days). The amount is 2.5%, one fortieth, of your net zakatable wealth.

Step 1: Pick your zakat date

Choose one date and keep it every lunar year. Many people use a date in Ramadan, which is expected to begin around 8 February 2027 (the exact day depends on the moon sighting). Any fixed date works. Everything below is valued on that date.

Step 2: Add up what you own

Do not count your home, your car, furniture, or personal belongings you use.

Step 3: Value gold and silver correctly

Gold prices are quoted for pure (24K) gold. Jewellery is usually 22K, 21K or 18K, which contains less gold, so convert it first:

Pure gold (g) = weight (g) × karat ÷ 24

Then multiply by today’s price for one gram of 24K gold. Silver works the same way with purity: sterling silver is 92.5% pure, so 30 g of sterling contains 27.75 g of fine silver.

Step 4: Subtract what is due now

Subtract debts and bills that are due now, before your next zakat date. For long-term debts such as a mortgage, many scholars deduct only the instalments currently due, not the whole balance.

Step 5: Compare with the nisab

The nisab is the value of 87.48 g of gold or 612.36 g of silver. Some use rounded weights of 85 g and 595 g. Because silver is much cheaper, the silver nisab is far lower. With the example prices below:

Many scholars and charities recommend the silver nisab as the cautious choice, because more people reach it and more zakat reaches those who need it. Others use gold. Use the one your scholar or community follows.

A full worked example

Example prices (USD, 14 November 2026): gold 124.99 per gram, silver 1.56 per gram.

That is above the silver nisab (955.28), so zakat is due: 10,991.48 × 2.5% = 274.79.

Where scholars differ

Who receives zakat

Surah at-Tawbah 9:60 names eight categories (asnaf): the poor, the needy, those who collect zakat, those whose hearts are to be reconciled, freeing those in bondage, those overwhelmed by debt, in the cause of Allah, and the stranded traveller. Many people give through a trusted local organisation that distributes to these categories.

Keep your zakat and sadaqah in one workbook

The Wellkept Zakat & Sadaqah Tracker does this arithmetic in a file that stays with you: gold by karat, silver by purity, gold or silver nisab, 2.5%, your hawl date and the next five zakat dates, a payments log with the 8 categories, and a sadaqah log with monthly totals. Excel and Google Sheets, English and German. Not a fatwa; no interest calculations.

See the Zakat & Sadaqah Tracker

also in the Payhip shop · or use the free zakat calculator