Mar 10, 2024
Calculating the exact amount of Zakat, one of the five pillars of Islam, can feel overwhelming for Muslims across the world.
If you live abroad and are worried about calculating Zakat, don't worry and this year, embrace the ease of Gadinsider’s Zakat calculator, specifically those designed for cash, gold and silver holdings.
Gadinsider’s user-friendly Zakat calculator takes the guesswork out of the equation. Enter the amount of gold you possess and the amount of savings you have. The calculator will determine if you've reached the Nisab, the minimum wealth threshold for Zakat to become obligatory.
Read more: Ramadan 2024 — Minimum Nisab set at Rs135,179 for Zakat deduction
If you exceed the Nisab, the calculator automatically applies the 2.5% Zakat rate. This transparency empowers you to fulfil your religious duty with confidence.
Remember, Gadinsider’s calculator is a helpful starting point. For any complex financial situation, consulting with a qualified Islamic scholar is always recommended.
Disclaimer: The Amount of Zakat is calculated as per the rate of gold on March 9, 2024. Gadinsider’s Zakat calculator will calculate the rate according to the daily price of gold.
