Zakat Calculator Pakistan: Cash, Gold, Silver and Shares

What is zakat and who must pay it?

Zakat is an obligatory annual payment of 2.5% on wealth that has been held for one lunar year (hawl) and is above the minimum threshold, the nisab. It is one of the five pillars of Islam. The calculator adds up your zakatable assets, subtracts debts that are due now, checks the result against the nisab and shows the zakat due.

The nisab

The nisab is the value of 52.5 tola (about 612 grams) of silver or 7.5 tola (about 87 grams) of gold. Many scholars in Pakistan recommend using the silver nisab for mixed assets because it is lower and so includes more people who can pay. Enter today's price of one tola of silver from your local market and the calculator sets the nisab at 52.5 times that price.

What counts as zakatable wealth

• Cash and bank balances, including savings accounts and prize bonds.
• Gold and silver at today's market value. Scholars differ on jewellery that is worn regularly.
• Shares and mutual fund units. Shares bought to trade count at full market value. For long-term holdings some scholars count only the zakatable assets of the company behind each share; others count the full market value for simplicity.
• Business stock held for sale, at its sale value.
• Money owed to you that you expect to receive.

Your home, car, furniture, personal items and business equipment are not zakatable. Debts that are due now (for example this month's instalment or a payable bill) are deducted.

Zakat formula and example

Zakat = (Zakatable assets − Debts due now) × 2.5%, if the net amount is at or above the nisab. For example, Rs 500,000 in the bank, gold worth Rs 900,000 and shares worth Rs 600,000, less Rs 100,000 of debts due, gives net zakatable wealth of Rs 1,900,000. If that is above the nisab, zakat due is Rs 47,500.

Zakat deduction by banks in Pakistan

Banks deduct zakat at source on the first day of Ramazan from some savings accounts and fixed deposits above the government's announced nisab, unless the account holder has filed a zakat declaration (CZ-50) for exemption. If zakat was already deducted at source, subtract it from the amount the calculator shows so you do not pay twice.

Related: dividend calculator, salary tax calculator, and all calculators.

This calculator is a helper, not a religious ruling. Scholars differ on details such as worn jewellery, long-term shares and retirement funds; consult a scholar you trust when unsure. Nothing you type is saved or sent anywhere.

Frequently asked questions

How much zakat is due?

2.5% of your net zakatable wealth, if it has been held for a lunar year and is at or above the nisab.

What is the nisab for zakat in Pakistan?

The value of 52.5 tola of silver (or 7.5 tola of gold). Multiply today's silver price per tola by 52.5 to get the silver nisab.

Is zakat due on shares?

Yes, according to most scholars. Shares held for trading count at full market value; for long-term holdings scholars differ on whether to count the full value or only the company's zakatable assets.

Is zakat due on gold jewellery?

Scholars differ. The Hanafi school, followed by most people in Pakistan, holds that zakat is due on gold and silver jewellery, including jewellery that is worn.

Is zakat due on a house or car?

No, not on assets for personal use. A property bought to sell is treated as business stock and is zakatable at its market value.

Can debts be deducted from zakat?

Debts that are due now can be deducted from zakatable assets. For long-term loans, many scholars allow only the instalments due within the year to be deducted.