Zakat on Gold
Gold holds a special place in Islamic finance, as it is considered one of the most valuable forms of wealth. Zakat on gold is an obligatory charity that every Muslim who possesses gold wealth above a certain threshold must pay annually.
"For gold and silver, a quarter of the tenth (2.5%) is due as zakat."
— (Sahih Bukhari)
— (Sahih Bukhari)
Why Pay Zakat on Gold?
- ✓Purification of WealthCleanse wealth from greed and encourage generosity.
- ✓Support for the NeedyProvides critical financial support to the poor and orphans.
How to Calculate
- Nisab Threshold: 85 grams of gold
- Rate: 2.5% of total value
- Example: Gold worth $10,000 → Zakat = $250
Zakat on Gold Jewelry
According to many scholars, Zakat is due on gold jewelry only if its weight meets or exceeds the Nisab and it is kept for the purpose of wealth accumulation or investment, rather than purely personal everyday use.
Steps to Pay Zakat Online Safely
1
Determine current value of gold
2
Use online zakat calculator
3
Choose trusted platform
4
Complete payment
5
Receive confirmation