How is Zakat calculated on gold?
Jun 17, 2022
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.
Nisab threshold as at 12 April 2021 / 29 Shaban, 1442 AH
Nisáb = R8 564.58
Silver = R13.99/ gram | (R435.02 / oz)
Gold = R945.11 / gram |(R29 396.94 / oz)