"And establish prayer and give Zakat, and whatever good you put forward for yourselves - you will find it with Allah."
— Quran (Surah Al-Baqarah 2:110)
Zakat is the third pillar of Islam and an obligatory form of charity for every Muslim who possesses wealth above a certain threshold (Nisab). It purifies your wealth and helps those in need. The word Zakat means "purification" and "growth" – giving charity purifies your remaining wealth and brings blessings.
Cleanses your wealth and soul from greed
Helps the poor, needy, and eight categories
Allah promises increase for those who give
Zakat becomes obligatory when your wealth exceeds the Nisab for one full lunar year.
87.48 grams of gold (approx 7.5 tola)
₹0
612.36 grams of silver (approx 52.5 tola)
₹0
Most scholars recommend using the lower silver Nisab to be safe, but you can choose either.
Zakat is due after one full lunar (Hijri) year passes while your wealth remains above Nisab. Many people choose to pay during Ramadan for extra blessings.
Yes, according to most scholars, Zakat is due on gold jewellery if it meets the Nisab threshold. This includes gold worn for personal use.
Diamonds, pearls, and gemstones are not subject to Zakat unless they are held for trade/business. For personal use, no Zakat is due on gemstones.
Zakat on business is calculated on inventory (stock for sale) + cash + receivables minus immediate liabilities, at 2.5% of total value.
Yes, for stocks held as investments, Zakat is due on the market value. For dividend stocks, the dividends are also subject to Zakat if saved.
Zakat can be given to 8 categories: the poor, needy, Zakat collectors, new Muslims, slaves, debtors, in Allah's path, and stranded travellers.