Gold Zakat Calculator

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Gold Zakat Calculator

24K (Pure Gold) 22K 21K 18K 14K 10K

Your Zakat Calculation

Pure Gold Weight: 0 grams

Nisab Met: No

Total Gold Value (Pure): 0

Zakat Due: 0

function calculateZakat() { var goldWeight = parseFloat(document.getElementById("goldWeight").value); var goldPurityKarats = parseFloat(document.getElementById("goldPurity").value); var goldPricePerGram = parseFloat(document.getElementById("goldPricePerGram").value); var errorMessages = document.getElementById("errorMessages"); errorMessages.innerHTML = ""; // Zakat Nisab for gold is 87.48 grams var NISAB_GRAMS = 87.48; var ZAKAT_RATE = 0.025; // 2.5% if (isNaN(goldWeight) || goldWeight < 0) { errorMessages.innerHTML = "Please enter a valid gold weight."; return; } if (isNaN(goldPurityKarats) || goldPurityKarats 24) { errorMessages.innerHTML = "Please select a valid gold purity."; return; } if (isNaN(goldPricePerGram) || goldPricePerGram = NISAB_GRAMS; // Calculate the total value of the pure gold var goldValue = pureGoldWeight * goldPricePerGram; // Calculate Zakat amount var zakatAmount = 0; if (nisabMet) { zakatAmount = goldValue * ZAKAT_RATE; } // Display results document.getElementById("pureGoldWeightResult").innerHTML = pureGoldWeight.toFixed(2) + " grams"; document.getElementById("nisabMetResult").innerHTML = nisabMet ? "Yes" : "No"; document.getElementById("goldValueResult").innerHTML = "Your Currency " + goldValue.toFixed(2); document.getElementById("zakatAmountResult").innerHTML = "Your Currency " + zakatAmount.toFixed(2); }

Understanding Zakat on Gold

Zakat is one of the five pillars of Islam, an obligatory charity paid annually on certain types of wealth that have reached a minimum threshold (Nisab) and been in one's possession for a full lunar year (Hawl). Gold is one such asset on which Zakat is due.

What is Nisab for Gold?

The Nisab for gold is the minimum amount of pure gold one must possess for Zakat to become obligatory. This threshold is universally accepted as 87.48 grams of pure gold (or 3 ounces). If the total weight of your pure gold holdings meets or exceeds this amount, Zakat becomes due.

The Zakat Rate for Gold

Once your gold holdings meet the Nisab, Zakat is calculated at a rate of 2.5% of the total value of the pure gold. This percentage is applied to the market value of the gold on the day Zakat is calculated.

How to Calculate Zakat on Gold

Calculating Zakat on gold involves a few key steps, especially considering that gold jewelry or items are often not 100% pure (24 Karat). Here's how it works:

  1. Determine Total Gold Weight: Weigh all your gold items (jewelry, coins, bars, etc.) in grams.
  2. Ascertain Gold Purity: Identify the purity of your gold. This is usually expressed in Karats (e.g., 24K, 22K, 18K). 24K is pure gold. If you have items of different purities, you'll need to calculate the pure gold content for each separately or use an average.
  3. Calculate Pure Gold Weight: Convert your gold's weight to its pure gold equivalent. For example, 100 grams of 22K gold is (22/24) * 100 = 91.67 grams of pure gold.
  4. Check Against Nisab: Compare your total pure gold weight with the Nisab of 87.48 grams. If your pure gold is less than the Nisab, no Zakat is due on gold.
  5. Find Current Gold Price: Obtain the current market price of gold per gram in your local currency.
  6. Calculate Total Gold Value: Multiply your pure gold weight by the current gold price per gram.
  7. Calculate Zakat Amount: If Nisab is met, multiply the total gold value by 2.5% (or 0.025).

Using the Gold Zakat Calculator

Our Gold Zakat Calculator simplifies this process for you:

  1. Total Gold Weight (grams): Enter the combined weight of all your gold items in grams.
  2. Gold Purity (Karats): Select the purity of your gold from the dropdown. If you have gold of varying purities, it's best to calculate the pure gold weight for each type and sum them up, then enter the total pure gold weight as 24K. Alternatively, you can use an average purity if your items are mostly similar.
  3. Current Gold Price per Gram: Input the current market price of one gram of gold in your preferred currency.
  4. Calculate Zakat: Click the "Calculate Zakat" button to see your results.

Example Calculation:

Let's say you own 100 grams of 22K gold, and the current market price of gold is 65 Your Currency per gram.

  • Pure Gold Weight: (22 / 24) * 100 grams = 91.67 grams
  • Nisab Check: 91.67 grams is greater than 87.48 grams (Nisab), so Zakat is due.
  • Total Gold Value: 91.67 grams * 65 Your Currency/gram = 5958.55 Your Currency
  • Zakat Due: 5958.55 Your Currency * 2.5% = 148.96 Your Currency

This calculator provides a quick and accurate way to determine your Zakat obligation on gold, helping you fulfill this important religious duty with ease.

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