Question 1

What is the Zakat percentage on cash?

Accepted Answer

Zakat on cash is calculated at 2.5% of the total amount if it meets the Nisab threshold. This applies to money saved in banks, cash holdings, and other liquid assets.

Question 2

How do I calculate Zakat on my salary?

Accepted Answer

To calculate Zakat on salary, you take 2.5% of your total savings and any other wealth after one lunar year. If you have accumulated savings over the year, apply the Zakat rate on salary on the balance after expenses.

Question 3

Is gold a good investment?

Accepted Answer

Yes, gold is considered a safe and reliable investment.

Question 4

Which gold is best, 22K or 24k?

Accepted Answer

24K gold is 99.99% pure, making it the highest purity available and the 22K gold is 91.67% pure, mixed with 8.33% of other metals like copper or silver.

Question 5

How to calculate the gold price?

Accepted Answer

Jewelers employee the following formula to calculate gold rates: Final Jewellery Price = Gold Price per Gram (22 or 18 Carat) × Weight in Grams + Making Charges per Gram + Goods and Services Tax (GST) on (Jewellery Price + Making Charges).

Question 6

What is the Zakat percentage on gold?

Accepted Answer

The Zakat percentage on gold is 2.5% of the total value of the gold you own, if it meets the Nisab threshold. Zakat on 10 tola gold is calculated based on the current market price of gold.

Question 7

How do I calculate Zakat on silver?

Accepted Answer

Zakat on silver is 2.5% of the value of the silver you own. The amount of silver should be measured in grams or tola, and the value is calculated based on the current market price.

Question 8

What is the Nisab for Zakat on money?

Accepted Answer

The Nisab of Zakat on money is typically equivalent to 87.48 grams (7.5 tola) of gold or 612.36 grams (52.5 tola) of silver. If your savings or assets meet or exceed this value, Zakat becomes due.

Question 9

How much Zakat is due on 10 tola of gold?

Accepted Answer

For 10 tola of gold, the Zakat due would be 2.5% of the total value. The value of gold fluctuates, so you must calculate Zakat per tola based on the current market price.

Question 10

What is the Zakat rate on assets?

Accepted Answer

The Zakat rate on assets is generally 2.5% of their total value. This includes business assets, property, and other wealth that qualifies under Zakat rules, provided the assets have been held for one full lunar year.

Zakat Calculator PKR: Calculate Zakat on Gold, Silver, And Cash