Total Value: £0.00
Zakat Due: £0.00
Note: If your Net Assets value exceeds the Nisab threshold, you are obliged to pay 2.5% of the Net Assets value as your Zakat.
The Nisab is the minimum amount of wealth a Muslim must possess before they become eligible to pay Zakat. This amount is often referred to as the Nisab threshold.
Gold and silver are the two values used to calculate the Nisab threshold. The Nisab is the value of 87.48 grams of gold or 612.36 grams of silver. You can find the current values at a jewellery store.
In the Hanafi madhab, the value of silver is used to ascertain the Nisab threshold and eligibility to pay Zakat. The other madhabs use the value of gold.