How do I calculate Zakat on jewellery?

February 12, 2019 13 Comments

How do I calculate Zakat on jewellery?

* This blog post was updated on 21st February 2018

Over the past few weeks we have been receiving a considerable amount of enquiries about Zakat on Jewellery and specifically how it is calculated.  So we have decided to write a blog post about it to help inform those who are unsure.  If you would like further information, please do not hesitate to call us on +44 208 767 7627

 


What is Zakat?

In Islam offering Zakat is one of the five pillars of Islam.  It is a charitable contribution that every adult, mentally stable and financially able Muslim has to offer in order to support those less fortunate. 

Zakat is obligatory when a certain amount of money, called the nisab is reached or exceeded. Zakat is not obligatory if the amount owned is less than this nisab.  The nisab threshold for gold is 85g (or 7.2 Tolas / Boris' / Voris')

Zakat is based on giving 2.5% of total savings within a lunar year.  These savings include cash in hand, income earned on investments, funds currently in bank accounts and precious metal objects (e.g. Gold or Silver)  There is no Zakat due on platinum or palladium or other precious metals apart from gold and silver.  Diamonds and gemstones (pearls, sapphires, rubies, corals, etc) are also exempt from Zakat.

   
  
  

Zakat on Jewellery

Calculating Zakat on your jewellery is often seen as being complicated and can leave people confused.  This is mainly due to a lack of concise and clear information on the subject.

If your jewellery is made up of a mixture of metals you are only required to pay Zakat if half or more of them are gold or silver. 

It is permissible to give actual gold and silver in Zakat.  For example, if someone has gold jewellery that weighs 100 grams, they can give 2.5 grams of gold as Zakat on the jewellery.  Any gold and silver that you have should be weighed separately.

If there are diamonds, gemstones, pearls etc, set within your gold or silver jewellery and you need to find out the weight of the precious metal - the best way to do this is to take your jewellery items to a professional jeweller.  A professional jeweller will have the knowledge and experience required to assess the weight and quality of the gems and will be able to give you the best approximate weight of the stones without having to remove them from the jewellery.

It is also permissible to pay Zakat in cash. This is done by giving the market value of 2.5% of the weight of the jewellery in Zakat.  For example, if someone has gold jewellery that weighs 10 grams, they will have to give the market value of 0.025 grams (i.e. 2.5% of 10 grams) of gold as Zakat. Hence, if the market value of gold is £28 per gram, they will have to pay £7 (0.025 x 28) as Zakat.

The calculation for Zakat on Gold & Silver is as follows:

 

 How to Calculate Zakat on Jewellery

 

Giving Zakat is important. Ensuring you give the right amount you are liable for is equally important.

 

References

National Zakat Foundation - http://www.nzf.org.uk/

Islamic Aid - https://www.islamicaid.com/

Muslim Aid - https://www.muslimaid.org

 

 

  

  

 

© Minar Jewellers, 2018. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Minar Jewellers with appropriate and specific direction to the original content.





13 Responses

Terrellomilm
Terrellomilm

May 22, 2019

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Zari
Zari

May 19, 2019

Plzz tell me.i want to know gold zakat 12 tola..
plzz reply me

FAROOQUI MOHAMMED RAZA
FAROOQUI MOHAMMED RAZA

May 15, 2019

I have 12 tolas of Gold how much zakat should I pay

Hafsa
Hafsa

May 14, 2019

How much zakat on 20 tola gold

Muhammad rashid
Muhammad rashid

May 13, 2019

Jis k pass jitny bhi tola hon us main se 7 tola nikal kar baqi jitny tola bach jayein us par 2.5% zakat ada krni hogi

Mohammed Hussain
Mohammed Hussain

May 11, 2019

Hi I want to know gold zakat 11tola plz drop a message

Rehana basheer
Rehana basheer

May 10, 2019

Mere pass 20 tola Sona h to kitna zakat hoga? Plzzz tell me

Rehana basheer
Rehana basheer

May 10, 2019

Mere pass 20 tola Sona h to kitna zakat hoga? Plzzz tell me

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March 23, 2019

Thank you for the good writeup. It in truth used to be a leisure account it. Look advanced to more added agreeable from you! By the way, how can we be in contact?

Minar Jewellers
Minar Jewellers

February 12, 2019

Hi Iman, thank you very much for your suggestion. We have just updated the website.

Iman
Iman

November 26, 2018

When you calculate 2.5% by a number, the percentage converts to .025 as a decimal figure. It is not .25, because that would mean 25%. Please update your website.

malik waqas
malik waqas

June 03, 2018

17 tola gold zakat plz i have 3 months this gold

angela
angela

April 24, 2017

Salam alaylum,

How can I know how much the diamonds and pearls mixed into my gold and silver jewellery weigh?

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