Zakat Calculation — Zakat on Gold, Cash, Currency
Enter the total value of your gold, silver, cash, currency, crypto and trade goods; instantly see the nisab threshold and the zakat amount you must pay, using the live gold price.
This tool gathers all your zakat-liable assets in one table and calculates the nisab threshold using the current gram gold price. You enter gold and silver in grams; cash, currency, crypto and trade goods you add at their current TRY value.
If your total net wealth (assets minus debts) exceeds the nisab, zakat is calculated at 2.5% (one-fortieth). It is required that a lunar year has passed over the wealth.
What Is Nisab and How Is It Calculated?
Nisab is the minimum amount of wealth required for zakat to become obligatory. The Presidency of Religious Affairs (Diyanet) sets the gold nisab at 80.18 grams of pure gold. This tool calculates the nisab threshold instantly using the formula "80.18 × current gram gold buying price"; if your net wealth exceeds this amount, zakat becomes obligatory.
Which Assets Are Subject to Zakat?
Gold, silver, cash, bank deposits, currency, crypto assets, trade goods (buy-sell inventory) and receivables expected to be collected are subject to zakat. The home you live in, the vehicle you use and personal belongings are exempt from zakat. Due debts are deducted from total wealth.
Zakat Rate and Time Condition
The zakat rate is 2.5% of wealth (one-fortieth). For zakat to become obligatory, a lunar (Hijri) year must have passed over the nisab amount of wealth. The lunar year is about 11 days shorter than the Gregorian year; therefore the zakat date shifts slightly earlier each year.