What is the Nisab for Zakat?

Nisab is the minimum wealth threshold for Zakat obligation, equal to the value of 85 grams of 24K gold.

How is gold Zakat calculated?

Gold is converted to pure 24K equivalent, then multiplied by the current price per gram.

Are debts deducted from Zakat?

Yes, outstanding debts are deducted from total wealth before calculating Zakat.

What is the Zakat rate?

Zakat rate is 2.5% of total wealth that meets the Nisab threshold for a full lunar year.

Zakat Calculator

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Zakat Calculator: How to Calculate Your Zakat Accurately

Zakat is one of the Five Pillars of Islam — a mandatory financial obligation on every adult Muslim who owns wealth above a minimum threshold (nisab) for a full lunar year (haul). It purifies wealth and is a cornerstone of Islamic social solidarity.

Conditions for Zakat to Be Obligatory

Two main conditions must be met:

Nisab (Minimum Threshold) The nisab is the minimum amount of wealth above which zakat becomes due. It is equivalent to 85 grams of 24-karat gold, or approximately 136 grams of 21-karat gold in common calculations. If your total zakatable wealth exceeds this amount, zakat is due.

Haul (One Full Lunar Year) The wealth must remain above the nisab threshold for a complete lunar year (approximately 354 days). If at any point during the year your wealth falls below the nisab, the clock resets.

Zakatable Wealth and Rates

The standard zakat rate on most financial assets is 2.5% of the total amount.

**Cash and bank deposits:** 2.5% of the balance at haul completion if it meets nisab
**Gold and silver:** 2.5% of the weight or market value of gold held as savings (scholars differ on daily-wear jewelry)
**Trade goods (merchandise):** 2.5% of market value at the end of the haul
**Stocks and investment funds:** 2.5% of the market value of zakatable shares or your proportional share of zakatable assets
**Agricultural produce:** 10% if irrigated naturally (rain), 5% if irrigated using purchased water

Practical Example with Numbers

Assume the nisab equivalent today is approximately EGP 120,000:

You have EGP 200,000 in a bank account held for one year
You hold EGP 50,000 worth of gold as savings
Total zakatable wealth: EGP 250,000
Zakat due (2.5%): **EGP 6,250**

The Effect of Debts on Zakat

According to the majority of scholars, outstanding debts that are currently due may be deducted from zakatable wealth before calculating the nisab and the due amount. If debts reduce your net wealth below the nisab, no zakat is owed.

Practical Tips

Choose a fixed date each year to calculate and pay zakat — the start of Ramadan is a popular choice
Keep a record of your assets and the dates you acquired them
Consult a qualified Islamic scholar for unusual cases such as stocks, real estate investments, or business assets

FAQ

What is the current nisab amount in Egyptian pounds?▼

The nisab changes with gold prices. Multiply the current price of one gram of 24-karat gold by 85 to get the current nisab in your local currency. Check today's gold price and recalculate for the most accurate figure.

How is zakat calculated on gold?▼

If you hold gold as savings that has been in your possession for a full lunar year and exceeds the nisab, zakat is 2.5% of its current market value. Scholars differ on daily-wear jewelry: some exempt it, others require zakat on the full amount.

Is zakat due on stocks and investments?▼

Yes. The simplest approach is to pay 2.5% of the market value of your shares at the end of the haul. Some scholars recommend looking at the zakatable assets within the company itself for a more precise calculation.

Is zakat due on monthly salary income?▼

Zakat is not due on salary at the moment of receipt. However, savings accumulated from salary are included in your zakatable wealth at the end of the haul if they meet the nisab. Many scholars advise calculating zakat on whatever remains in your possession on your designated zakat date.

Can debts be deducted from zakatable wealth?▼

According to the majority of Islamic scholars, currently due debts may be deducted from zakatable wealth. If your debts reduce your net wealth below the nisab, no zakat is owed. Future debts not yet due are generally not deducted.

Results are approximate and for educational purposes only, not financial or legal advice. Consult a certified financial advisor before making financial decisions.