How To Calculate Zakat On Gold. Therefore the nisab is the value of 87.48 grams of gold or 612.36 grams of silver. Your zakatable wealth x 2.5% = total zakat you owe for the year.
Net income you are entitled to as of zakat due date (e.g. This number may change daily depending on fluctuations in the gold exchange rate). This is done by giving the market value of 2.5% of the weight of the jewellery in zakat.
Zakat is payable at 2.5% of the wealth one possesses above the nisab.
We hope this helps you understand the fundamentals of how zakat is calculated! 2.5% of this = £1. The zakat foundation of america offers our own zakat calculator to help you determine how much zakat you need to pay. This is done by giving the market value of 2.5% of the weight of the jewellery in zakat.