How To Calculate Zakat On Gold. Your next paycheck that you worked for already) total amount = 0 total zakat amount = 0 You can also use our free zakat calculator for gold, to work out how much money you need to pay for your zakat on gold.
Before calculating the zakat, research the current market price of gold and silver and calculate the zakat accordingly. 2.5% of 10 grams) of gold as zakat. The zakat foundation of america offers our own zakat calculator to help you determine how much zakat you need to pay.
This is not the case for the zakat on gold only rather all the other types of assets require the.
Net income you are entitled to as of zakat due date (e.g. The rate of zakat applicable is 2.5% or the 40 th portion of your accumulated wealth for one lunar year. You can use our zakat calculator for gold, silver, shares and cash, helping you to work out the zakat that you owe. That means that the zakat on gold which you need to pay is: