Mar 14, 2024
Zakat, one of the five pillars of Islam, is a way to purify your wealth and give back to those in need. But calculating Zakat on gold, especially in a year like 2024 with fluctuating prices, can feel like a challenge.
Fear not, fellow Muslim! Gadinsider’s Zakat calculator has been designed specifically for calculating Zakat on gold in Pakistan in 2024.
Gadinsider’s Zakat calculator will ask you to input the amount you have in savings, the amount you have given in loan, and the Amount equivalent to the gold that you own, perhaps even allowing you to specify the weight (like 1 tola, for example).
Read more: Ramadan 2024 — Minimum Nisab set at Rs135,179 for Zakat deduction
It will then factor in the current Nisab level for gold in Pakistan – the minimum value your holdings need to reach before Zakat becomes obligatory.
This way, you can quickly determine if your gold qualifies for Zakat and, if so, the exact amount you need to contribute. Gadinsider’s Zakat calculator is a fantastic tool for peace of mind, ensuring you fulfil your religious duty accurately.
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 12, 2024 (First Ramadan). Gadinsider’s Zakat calculator will calculate the rate according to the daily price of gold.
