Zakat on savings and gold
The threshold, the lunar year, gold that is worn, and money that sits in an account.
10 answers · About 6 min (estimate)
SeasonZakat season
When the year completes, the arithmetic starts. Has the money reached the threshold, does worn gold count, what about the amount that came and went. These answers meet those calculations.
Each entry is a short summary of a full answer on Ftawy, with the link to that answer at the bottom. The set routes you to them; it does not rule on anything itself.
Your progress stays on this device.
- Pick up where you left off1
Is it permissible for the questioner’s father or her husband to pay the Zakat on her jewelry, given that the questioner has no source of income? And what should she do regarding the Zakat on gold she sold but had not paid its Zakat? Is it permissible to delay paying the Zakat until her husband finds employment, or must it be paid now? Is it obligatory to pay Zakat in Ramadan, and is it valid to pay it now after Ramadan? And how is Zakat on gold calculated?
Zakat is obligatory upon the owner of gold, and it is permissible for someone else to pay it on their behalf with their permission and donation. Zakat becomes…
- 2
Is it permissible to pay the Zakat on gold on behalf of someone without their knowledge, and would that suffice for them, and how is the Zakat on gold accumulated over many years calculated?
Paying Zakat on behalf of someone without their knowledge is not permissible, because intention (niyyah) is a condition. For calculating Zakat on saved gold,…
- 3
Is the zakat on gold calculated based on its price at the time of purchase or its current price, and do sisters share in the zakat if they benefit from the gold later?
If a mother acquires gold for adornment, there is no zakat due on it according to the majority of scholars. However, if it is not for adornment, then zakat is…
- 4
How is the zakat calculated for used gold owned for 14 years? Is it calculated for all those years? If so, how is the value of zakat calculated for past years, given the fluctuations in gold prices?
The fatwa states that a woman's permissible jewelry intended for use is not subject to zakat, according to the majority of scholars. Therefore, there is no…
- 5
How is Zakat calculated on money saved monthly to buy a house, and is Zakat obligatory on money lent to a struggling friend, the recovery of which is uncertain?
Your agreement with your friend to take a share of the profit in exchange for the loaned money is usury (riba), which is forbidden in Islamic law, because a…
- 6
How is zakat calculated on money saved from two salaries (the salary from the home country and the country of study) and house rent, and is it calculated as one sum or separately?
The issue known as zakat on acquired wealth, such as salaries and rental income, requires that zakat be paid on each installment individually, upon the…
- 7
- Is zakat obligatory on money that reaches the nisab, given the varying periods of possession for its different parts? - Does the zakat on money that has reached the nisab continue for more than one year until it falls below the nisab? - Is zakat obligatory on the money saved from an employee's monthly salary? - Is zakat paid on money collected in a single account if each individual's share does not reach the nisab? - How is zakat calculated on saved money that is subject to withdrawals and additions or loans and repayments during the hawl (one lunar year)?
Zakat is obligatory on saved money if it reaches the nisab and a full hawl (lunar year) passes over it. Its amount is a quarter of a tenth (2.5%). If the money…
- 8
How is the Zakat calculated on money saved in a monthly association?
Zakat is obligatory on money saved in associations, subject to two conditions: reaching the nisab (minimum threshold) and the passing of a hawl (one lunar…
- 9
What is the recognized Zakat threshold for the disbursement of Zakat on money: Is it the threshold at the completion of the Hawl (lunar year) (3150 milliemes), or the current threshold (5600 milliemes)?
If banknotes reach the nisab (minimum threshold) at the beginning of the hawl (lunar year), then their value decreases below the nisab during the year, Zakat…
- 10
What is the nisab for Zakat on banknotes, and is its nisab estimated based on the nisab of gold or silver?
The zakat threshold (nisab) for banknotes, such as the dollar, is equivalent to the value of 20 mithqals of gold or 140 mithqals of silver at the time zakat…
Updated Sep 5, 2026