Calculate and Pay Your Zakat Using the Latest Nisab Values.
Enter all assets that have been in your possession over a lunar year in the boxes below
Current Value of Nisab: Gold $4842.90 ($55.36 Per Gram) AND Silver $306.18 ($0.5 Per Gram)
Zakat is the third pillar of Islam; a compulsory payment of 2.5% of the total savings and wealth one possesses above the Nisab. Nisab, which is equal to 3 ounces of gold, is the minimum amount of wealth one must have before they are liable to pay zakat. *The nisab amount listed is based on the latest available report for May 2020 (note: This number may change daily depending on fluctuations in the gold exchange rate). Zakat is mandatory on gold, silver, cash, savings, investments, business merchandise and profits, shares, securities and bonds. Zakat is not paid on wealth used for debt repayment of living expenses such as clothing, food, housing, transportation, education, etc.
When we think on the blessed payment of Zakat, we are reminded of the following Hadith:
“Charity never decreases wealth.” [Sahih Muslim 2588]
With our 100% Zakat policy, every single penny of your Zakat donation will go directly to those who need it most 100% of the time – giving you 100% of the reward. Please donate Zakat now, so that we can continue to transform lives for the better around our beautiful community.