If the net value of assets that have been in your possession for a full calendar year equals or exceeds the Nisab threshold, then you are obliged to pay Zakat on the total value of your assets. If you only have gold as an asset, then the Nisab measure for gold should be used. There is general consensus among scholars that if you have a mixture of assets, then using the silver measure for Nisab is safer and more beneficial for the recipients of Zakat.
Use our Zakat Calculator to calculate your Zakat
Zakat: A sacred pillar
Zakat is not just a fundamental pillar of Islam. It is also a revolutionary concept with the potential to ease the suffering of millions around the world.
Allah (SWT) has enjoined Zakat upon us:
“And be steadfast in prayer and regular in charity: And whatever good ye send forth for your souls before you, ye shall find it with Allah” (Qur’an 2:110)
Zakat is a right that the poor have over the wealth Allah has entrusted us with
“those in whose wealth there is a recognized right for the needy and the poor” (Qur’an 70:24-25)Simply picture this: if just the top ten richest people in the world paid Zakat – a mere 2.5% of their wealth – that would amount to a staggering R134,64 billion! The power of that money in tackling poverty would be huge.
At Islamic Relief, we use your Zakat in the most effective way possible to relieve the suffering of the world’s most vulnerable people.
Your Zakat helps us to saves lives
Your Zakat has funded some of our crucial work with people and communities living in disaster and war zones: drought and famine-struck countries across East Africa; communities affected by conflict in Yemen; and families in war-torn Syria struggling to survive from one day to the next. Your Zakat has supported communities to build sustainable livelihoods in the face of climate change and to build better lives for orphans and vulnerable families across the globe.
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