Zakat on Gold – How to Calculate in Pakistan
Zakat is obligatory for Muslims who own gold equal to or above the Nisab limit and have possessed it for one complete lunar year. In Pakistan, Zakat on gold is calculated at the standard rate of 2.5% of the total gold value.
The Nisab for gold is 87.48 grams of gold. If the total weight or value of gold you own reaches or exceeds this threshold, Zakat becomes compulsory. Gold may include jewelry, coins, or gold kept for savings and investment.
To calculate Zakat, first determine the current market value of your gold in Pakistani Rupees. Once the Nisab condition is met, multiply the total value by 2.5% to find the payable Zakat amount. Since gold prices change regularly, using an online Zakat on Gold calculator ensures accuracy.
Frequently Asked Questions
Is Zakat due on gold jewelry?
Most scholars agree that Zakat is due on gold jewelry if it reaches the Nisab, though opinions may vary depending on the school of thought.
What is the Nisab for gold?
The Nisab for gold is 87.48 grams. If a person owns this amount or more for one lunar year, Zakat becomes obligatory.