Directions: Enter the appropriate dollar amount in the text boxes for each category. Click the Tab Key to scroll through the text boxes. Click on the FAQ link for more information/assistance for each category.Zakat Calculation - For Individuals Word Doc or PDF Form
To determine the current value of Nisab To be liable for Zakat, one's wealth must amount to more than a threshold figure, termed the "Nisab". To determine the nisab, the are two measures - either Gold or Silver. The Nisab by the gold standard is 3 ounces of gold (87.48 grammes) or its cash equivalent. The Nisab by the silver standard is 21 ounces of silver (612.36 grammes) or its equivalent in cash. Click here
The following values come from the NY exchange, recorded at Fri Dec 14 17:01:00 2018.
|Price in USD||Nisab in USD|
|Silver - Jumhur||14.54||278.15|
|Silver - Hanafis||14.54||286.26|