Nisab as of Ramadan 1st – April 2 2022:
Using value of silver (612.36 grams) – approximately $606.23
Using value of gold (87.48 grams) – approximately $6,779.70
Value of Gold & Silver you possess
Cash at Home & Bank Accounts
Investments & Share Values
Money owed to you
Value of inventory
Value of work in progress / raw materials
Value of accounts receivables
Money you owe
Enter all assets that have been in your possession over a lunar year into the Zakat calculator. This will then give you the total amount of Zakat owed.
Calculating your Zakat isn’t as difficult as you may think. We find that breaking your assets down into different categories makes the Zakat calculation process really simple.
We have broken down the calculation process into Zakatable assets (gold, silver, cash, savings, business assets etc.) and Deductible liabilities (money you owe, other outgoings due) so you can calculate the Zakat you owe easily.
The amount of Zakat you need to pay will be determined once you have calculated the value of your net assets. You then need to see whether your net assets are equal to, or exceed, the Nisab threshold.
We understand that calculating your Zakat can be daunting, and even confusing. Therefore, we work with a dedicated Zakat scholar during Ramadan to provide a specialized advice service. This service allows you to speak directly to a learned scholar via email or telephone.
Please note: the Zakat scholar is available during Ramadan 24/7.
The nisab is the minimum amount of wealth a Muslim must possess before they become eligible to pay Zakat. This amount is often referred to as the nisab threshold.
Gold and silver are the two values used to calculate the nisab threshold. Therefore the nisab is the value of 87.48 grams of gold or 612.36 grams of silver.
Visit our Zakat page for an extensive list of Zakat FAQs.
Ramadan Zakat Hotline
Do you have Zakat-related questions? We’re here to help!
Contact us at +1 855-377-4673 to get all your questions answered and help with calculating your Zakat.
Hotline Hours: Monday – Friday | 9:00 AM – 5:00 PM EST
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