What is the Zakat rate in Islam?

Zakat is 2.5% (one-fortieth) of qualifying wealth held for one full lunar year (hawl) that exceeds the nisab threshold.

What is the nisab for Zakat in 2026?

Nisab is approximately 87.48g of gold or 612.36g of silver in value — whichever standard your school follows. In 2026 this is roughly £5,000–£6,000 (gold nisab) or lower (silver nisab). Use the calculator above with current market prices.

What assets are subject to Zakat?

Zakat applies to cash, savings, gold, silver, business inventory, stocks held for investment, and receivable debts likely to be repaid. It does not apply to your primary home, personal car, clothing, or tools of trade you use personally.

Zakat is due once your wealth has remained above nisab for one lunar year. Many Muslims pay during Ramadan for the multiplied reward, but the due date is your personal hawl anniversary — not a fixed calendar date.

Zakat Calculator

Calculate your annual Zakat (2.5%) on savings, gold, silver, business assets and investments. Updated for 2026 nisab values.

Nisab threshold (silver): £505.75 (595g silver × £0.85/g approx.)

Zakatable Assets

Cash (bank & hand)

All cash you hold including bank balances

Gold & silver value (£)

Current market value of gold/silver jewellery kept for saving

Business stock/inventory

Current value of goods held for sale

Investments & shares

Shares, bonds, ISAs held for saving or growth

Money owed to you

Money others owe you that you expect to receive

Total assets£0.00

Deductible Liabilities

Debts due now

Loans, credit card balance, bills due immediately

Total liabilities£0.00

Net zakatable wealth: £0.00

Your net wealth (£0.00) is below the Nisab threshold of £505.75. Zakat is not yet due.

This calculator uses the silver nisab standard and is for guidance only. Please consult a qualified Islamic scholar for rulings specific to your situation.

About Zakat — the Third Pillar

Zakat is one of the Five Pillars of Islam — mandatory annual charity for Muslims whose wealth exceeds the nisab (minimum threshold). It purifies wealth and supports the poor, orphans, and those in debt.

Allah says: "Establish prayer and give Zakat" (Quran 2:43). The Prophet ﷺ described withholding Zakat as a cause of drought and hardship (Tabarani).

Rate

2.5% of qualifying net assets

Nisab (gold)

≈ 87.48g gold value (~£5,000+ in 2026)

Nisab (silver)

≈ 612.36g silver value (lower threshold)

Hawl

Wealth held above nisab for one lunar year

What Zakat covers

Cash, bank savings, and current accounts
Gold and silver (jewellery — scholars differ; Hanafi includes all gold/silver)
Stocks, shares, and investment funds held for growth
Business inventory and trade goods
Money owed to you that you expect to recover

What Zakat does not cover

Primary residence and personal vehicle
Personal clothing, furniture, and household items
Tools and equipment you use to earn a living
Pension funds you cannot access (scholars differ on accessible pensions)

Zakat al-Fitr (paid at end of Ramadan) is separate — see our Ramadan guide. For complex portfolios, consult a qualified scholar or Islamic finance advisor.

Zakat FAQ

Do I pay Zakat on my salary?

You pay Zakat on savings accumulated from salary that remain above nisab for one lunar year — not on each paycheck as it arrives. Deduct immediate debts due within the year from your total.

Can I pay Zakat in instalments?

Yes, if you have calculated the full amount due, you may pay it across Ramadan or the year. The intention (niyyah) should be for Zakat.

Who can receive Zakat?

The Quran (9:60) lists eight categories: the poor, the needy, Zakat administrators, those whose hearts are to be reconciled, freeing captives, those in debt, in the cause of Allah, and stranded travellers.

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