Calculate and Donate your Zakat Online to Global Relief Trust

ZAKAT CALCULATOR

Calculate and Pay/Donate Your Zakat Using the Latest Nisab Values

The alms are only for the poor and the needy and those employed to collect (the funds); and to attract the hearts of those who have been inclined (towards Islam); and to free the captives; and for those in debt; and for Allah’s Cause, and for the wayfarer (a traveler who is cut off from everything); a duty imposed by Allah. And Allah is All-Knower, All-Wise. [Al-Quran 9:60]

Zakat, the giving of alms to the poor and needy, is one of the five pillars of Islam.  It is mandatory upon all Muslims who meet the necessary threshold (Nisab) of wealth.

Excluding living costs, expenses etc, an individual must own a specific amount of wealth or savings for over 1 year. This is referred to as Nisab and is the threshold at which Zakat becomes payable. The amount of Zakat to be paid is 2.5% of Nisab .

Gold Nisab

The Zakat payable on the Gold you own is 2.5% of its value. Using the value of gold (87.48 grams) – approximately £3,432.72

Therefore, the Zakat you’re due to pay is £0.98 per Gram, £11.11 per tola/bori (11.34g).

Silver Nisab

Silver: The nisab by the silver standard is 21 ounces of silver (612.36 grammes) or its equivalent in cash. This is approximately £361.29.

£0.58/g silver

Gold and Silver


Money


Business Assets


Short Term Liabilities



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