Zakat Percentage Calculator — Cash, Gold & Savings
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Zakat is one of the five pillars of Islam — an annual obligation to give 2.5% of eligible wealth to those in need. The Percentage Calculator makes the calculation simple: once you know your Zakatable amount, entering 2.5% of that value gives you what you owe.
The Zakat Rate and Nisab Threshold
Two key numbers govern Zakat calculation:
- Zakat rate: 2.5% of qualifying wealth
- Nisab threshold: minimum wealth required before Zakat becomes obligatory
The Nisab is based on either:
- Gold Nisab: 85 grams of pure gold (at current gold price)
- Silver Nisab: 595 grams of silver (at current silver price)
Scholars differ on which Nisab standard to use. The silver Nisab is generally lower and results in more people being Zakat-eligible. The gold Nisab is higher and is commonly used in many communities.
What Wealth Is Zakatable?
| Wealth Type | Zakatable? | Rate | Notes |
|---|---|---|---|
| Cash (savings) | Yes | 2.5% | Total savings held for 1 lunar year |
| Bank accounts | Yes | 2.5% | Include checking + savings balance |
| Gold (above personal use) | Yes | 2.5% | Market value, not purchase price |
| Silver | Yes | 2.5% | Current market value |
| Stocks/investments | Yes* | 2.5% | *Varies by school of thought |
| Primary home | No | — | Not zakatable |
| Car for personal use | No | — | Not zakatable |
| Business inventory | Yes | 2.5% | Market value of inventory |
How to Calculate Zakat on Cash and Savings
Step 1: Total all Zakatable wealth (cash, gold at market value, savings, business inventory).
Step 2: Subtract any debts due within the year.
Step 3: If the net amount exceeds the Nisab threshold, calculate 2.5% of the total.
Example:
- Cash savings: $15,000
- Gold (jewelry above personal use): $3,000 market value
- Business inventory: $7,000
- Total Zakatable wealth: $25,000
- Zakat due: 2.5% × $25,000 = $625
Using the Percentage Calculator: select "What is X% of Y?" — enter 2.5 as X and your total Zakatable wealth as Y.
Zakat on Gold — Current Market Value Calculation
Zakat on gold is calculated on the current market value at the time of payment, not the original purchase price.
Example: You have 100 grams of gold. Current gold price = $90 per gram.
- Market value = 100 × $90 = $9,000
- Zakat due = 2.5% × $9,000 = $225
If the gold price increased from when you bought it, you pay Zakat on the higher market value — Zakat is on current wealth, not historical cost.
Many scholars exempt gold jewelry that is in regular personal use. Gold held purely as an investment or stored away is always zakatable.
Calculate Your Zakat — 2.5% of Any Amount
Use "What is X% of Y?" mode — enter 2.5 as X and your total Zakatable wealth as Y. Free, no signup.
Open Free Percentage CalculatorFrequently Asked Questions
What percentage of wealth is Zakat?
Zakat is 2.5% of qualifying wealth that has been held for one full lunar year (Hawl) and exceeds the Nisab threshold. To calculate: use "What is X% of Y?" mode — enter 2.5 as X and your total Zakatable wealth as Y.
How much Zakat do I pay on $10,000 in savings?
2.5% of $10,000 = $250. This assumes the $10,000 has been in your possession for one full lunar year and exceeds the Nisab threshold (approximately $5,000–$6,000 using the gold Nisab at current prices, or about $500–$600 using the silver Nisab).
Is Zakat due on money in a current account?
Yes. All cash and bank account balances (checking, savings, current accounts) held above the Nisab for one lunar year are subject to Zakat at 2.5%. Include all liquid financial assets.