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April 27, 2020
Do I need to own a certain weight of jewelry or gold before Zakat is due on this?
Yes, Zakat is only due if your gold or jewelry reaches the nisab—the minimum amount set by Islamic rules. For gold, the nisab is about 85 grams (roughly 3 ounces). If you own this amount or more for a full lunar year, you must pay 2.5% Zakat on its current market value. This applies whether the gold is in the form of jewelry, bars, or coins. If your gold is less than the nisab, no Zakat is required.
Learn more about Zakat on jewelry here. https://www.nzfcanada.com/research/zakat-on-jewelry
For up-to-date nisab values and gold prices, visit our online calculator.
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Your Questions about Zakat Answered
Here you will find more answers to your zakat questions.
Do I need to own a certain weight of jewelry or gold before Zakat is due on this?
Yes, Zakat is only due if your gold or jewelry reaches the nisab—the minimum amount set by Islamic rules. For gold, the nisab is about 85 grams (roughly 3 ounces). If you own this amount or more for a full lunar year, you must pay 2.5% Zakat on its current market value. This applies whether the gold is in the form of jewelry, bars, or coins. If your gold is less than the nisab, no Zakat is required.
Learn more about Zakat on jewelry here. https://www.nzfcanada.com/research/zakat-on-jewelry
For up-to-date nisab values and gold prices, visit our online calculator.
explore faqs
Your Questions about Zakat Answered
Here you will find more answers to your zakat questions.
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