Zakat is one of the five pillars of Islam and an obligatory act of worship upon eligible Muslims.
When it comes to gold, many people feel uncertain about how to calculate it correctly, especially if it is in the form of jewellery.
What Is Zakat on Gold?
Zakat on gold is 2.5% of the total value of gold you own, provided:
You possess it for one complete lunar (Hijri) year
The total amount reaches or exceeds the Nisab threshold
What Is the Nisab for Gold?
The Nisab for gold is:
87.48 grams of pure gold
(equivalent to 7.5 tolas)
If the total gold you own is less than this amount, Zakat is not obligatory.
However, if your gold plus other Zakatable assets (cash, savings, silver, business goods) collectively reach Nisab, then Zakat becomes due on the total.
Eligible Muslims are required to give 2.5 percent of their qualifying savings and assets to those in need.
