How to Calculate Zakah on Gold and Silver
Gold and silver have special significance in Zakah because they are specifically mentioned in the Quran and hadith.
Types of gold and silver subject to Zakah:
- Gold and silver jewelry (most scholars consider it Zakatable) - Gold bars and bullion - Silver coins and bars - Gold and silver held as investment
Important note: Most scholars agree that all gold and silver, including jewelry worn for adornment, is subject to Zakah if it reaches the Nisab threshold.
Calculation steps:
1. Weigh your gold in grams 2. Multiply by the current market price per gram 3. Add the value to your total zakatable assets 4. Repeat for silver 5. If your total wealth exceeds the Nisab, Zakah is due at 2.5%
Example: If you have 100g of gold and the current price is ₦98,480/g, the gold value is ₦9,848,000. This would be added to your other assets for the Nisab check.
Disclaimer
This tool provides estimated Zakah calculations based on standard Hanafi Nisab values (87.48g gold, 612.36g silver) and the standard 2.5% Zakah rate. Results are for educational purposes only and do not constitute religious or legal advice. Please consult a qualified scholar for personalized guidance.