The simplest and easiest way to fulfil your obligation of Zakat is to use our Zakat calculator to work out how much you have to pay.
It will show the Nisaab figure (using up-to-date information) and automatically work out how much Zakat is due based on the numbers you input into the various categories.
Zakat is obligatory on every Muslim who is of sound mind and able means. The amount of Zakat to be paid is based on the Nisaab, the threshold or minimum amount of wealth a Muslim must possess before Zakat becomes payable. Whilst the value of eligible goods and items can vary throughout the year, Zakat is based on the Nisaab at the end of the individual’s full Islamic (lunar) year.
There are two measures to determine Nisaab – gold (3 ounces or 87.48 grams, or its cash equivalent) or silver (21 ounces or 612.36 grams, or its cash equivalent).
Many scholars recommend using silver as more people paying Zakat means more is available for beneficiaries.
Based on today’s (May 2019) value of gold (87.48 grams), the nisaab is £ 2,827.35
Based on today’s (May 2019) value of silver (612.36 grams), the nisaab is £223.51
Assets to include in your Zakat calculation are cash (in hand, in bank accounts or money lent to someone), shares, pensions, value of crops, money from property investment and gold and silver.
Personal items (your home, furniture, cars, food, clothing) are not included in Nisaab. Zakat can be paid as a full sum or regular monthly payments.
Use our Zakat calculator to find out how much Zakat you have to pay. The nisaab value is based on the value of silver.