Zakat calculator 2026: zakat on savings, gold and shares

At the price on 4 October 2026, the gold nisab (85 grams of 24-carat gold) is about 11,308 US dollars, and the silver nisab (595 grams) is about 1,155 US dollars. Choose your country in the calculator to see the nisab in your currency, and change the price per gram to the price on the day you pay.

Both are recognised by scholars. The silver nisab is much lower, so more people owe zakat under it. Organisations such as the National Zakat Foundation (NZF) in the UK use it because it is "more cautious and better for the poor". The General Iftaa' Department in Jordan and many Islamic banks use gold. The calculator offers both.

The common view is 85 grams of pure (24-carat) gold, which is what the General Iftaa' Department in Jordan and Gulf Islamic banks use. In Egypt, the fatwas in circulation give the nisab as 85 grams of 21-carat gold. The calculator lets you choose the carat.

There is a well-known difference of opinion. The Hanafi school requires zakat on it, and this was the view of Sheikh Ibn Baz. Most Maliki, Shafi'i and Hanbali scholars do not require zakat on jewellery kept for normal wear, and Egypt's Dar al-Ifta follows this view. Choose the opinion you follow in the calculator; the default is the more cautious one (paying zakat).

Shares held for trading are zakatable at their full market value. For long-term shares, Resolution No. 120 of the International Islamic Fiqh Academy requires zakat on the part of the company's zakatable assets that each share represents, if it can be known; if not, an approximate ratio is used (the NZF uses 25% of market value). If the company pays zakat on behalf of its shareholders, you owe none on those shares.

Debts that must be paid now are deducted. Many organisations (the NZF, Islamic Relief, Emirates Islamic) also allow you to deduct the next 12 months of instalments on the principal, excluding interest. The calculator offers both rules.

No zakat is due on the salary itself when you receive it, only on what you save from it, if together with the rest of your wealth it reaches the nisab and a full lunar year passes. The practical way: set a fixed day in the hijri year, add up everything you own on that day, and pay 2.5%.

No zakat is due on the home you live in. Property bought to sell is zakatable at its market value every year, like trade goods. On rented property, no zakat is due on the property itself; saved rent is zakatable with your cash if it reaches the nisab and a full year passes.

According to Resolution 1/2 of the International Islamic Fiqh Academy, a debt owed by someone able and willing to pay is zakatable every year, and a debt owed by someone unable to pay, or who keeps delaying, is zakatable after you receive it.

Zakat is 2.5% for a hijri year (about 354 days). If you calculate zakat on a Gregorian year, the equivalent rate is about 2.577%, because the Gregorian year is eleven days longer. Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) uses this formula for non-hijri years.

In Sudan, zakat is compulsory under the Zakat Law of 2001. In Saudi Arabia, ZATCA collects zakat from licensed businesses and activities; an individual with no commercial activity is outside the scope of the regulations. In most other countries, zakat for individuals is voluntary and is paid to official zakat funds or directly to those entitled to it.