Question 1

How do I calculate Zakat?

Accepted Answer

Add up all your Zakatable assets (gold, silver, cash, savings, investments, business inventory). Subtract your immediate debts. If the net amount exceeds the Nisab (85g of gold or 612.36g of silver), pay 2.5% of that total as Zakat.

Question 2

What is the Nisab for Zakat in 2026?

Accepted Answer

The Nisab is the minimum wealth threshold. It equals the value of 85 grams of gold or 612.36 grams of silver. Check current gold/silver prices to determine the monetary Nisab in your currency.

Question 3

Is Zakat due on gold jewelry?

Accepted Answer

According to the Hanafi school, yes — Zakat is due on all gold and silver including jewelry. The Shafi'i, Maliki, and Hanbali schools exempt personal-use jewelry. Consult your local scholar.

Question 4

How much Zakat do I pay on cash savings?

Accepted Answer

You pay 2.5% of your total cash savings including bank accounts, fixed deposits, and cash on hand, provided the total exceeds the Nisab and a full lunar year (Hawl) has passed.

Question 5

Do I pay Zakat on my 401k or retirement account?

Accepted Answer

Most scholars agree that Zakat is due only on the accessible (vested) portion of retirement accounts. If you cannot withdraw without penalty, Zakat is due when you eventually access those funds.

Question 6

What is the Zakat rate on agricultural produce?

Accepted Answer

For irrigated crops the rate is 5%. For rain-fed crops the rate is 10%. This applies at harvest time, not annually.

Question 7

Is Zakat due on stocks and cryptocurrency?

Accepted Answer

Yes, Zakat is due on the current market value of stocks, mutual funds, ETFs, and cryptocurrency at a rate of 2.5%, provided they meet the Nisab and Hawl conditions.

Question 8

Who is eligible to receive Zakat?

Accepted Answer

The Quran (9:60) specifies eight categories: the poor, the needy, Zakat administrators, new Muslims, those in bondage, the debt-ridden, in the cause of Allah, and wayfarers.

Question 9

What is the difference between Zakat and Sadaqah?

Accepted Answer

Zakat is an obligatory act of worship requiring 2.5% of qualifying wealth annually. Sadaqah is voluntary charity with no fixed amount or timing.

Question 10

Can I give Zakat to family members?

Accepted Answer

You can give Zakat to eligible relatives (poor siblings, uncles, etc.) but NOT to those you are financially responsible for (parents, children, spouse).

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