Zakat is the third pillar of Islam, an obligatory charity mandated by Allah (SWT) on surplus wealth. As stated in the Holy Quran: "And establish prayer and give Zakat..." (Surah Al-Baqarah 2:43). The standard rate of Zakat on accumulated wealth is 2.5% (or 1/40th) of the total net assets.
1. The Nisab Threshold (Pakistan Context)
Nisab is the minimum amount of wealth a Muslim must possess for one full lunar year (Hawl) before Zakat becomes obligatory. According to Ahadith and mainstream Hanafi jurisprudence (widely followed in Pakistan), the Nisab is defined as:
- Gold Standard: 87.48 grams (Exactly 7.5 Tolas).
- Silver Standard: 612.36 grams (Exactly 52.5 Tolas).
Fatwa Note on Mixed Assets:
In Pakistan, major Dar-ul-Iftas (such as Jamia Darul Uloom Karachi) advise that if a person possesses a mixture of assets (e.g., some cash, some silver, and a little gold), the Silver Nisab (52.5 Tolas) should be used as the threshold. This is because it is lower and more beneficial to the poor. If a person only possesses gold and nothing else, the Gold Nisab applies.
2. What is Exempt from Zakat?
Under Islamic law, Zakat is not levied on necessities. You do not need to enter the value of the following items in the calculator:
- The house or property you currently reside in.
- Your personal vehicle used for daily transport.
- Everyday furniture, laptops, smartphones, and household appliances.
- Properties bought solely for rental income (Zakat is due on the saved rental income, not the property value itself).
Important Legal & Religious Disclaimer
Paksahulat.com provides this calculator as a general informational utility based on standard Hanafi Fiqh principles. We are a technology platform, not an Islamic ruling body. Islamic finance can be highly nuanced—especially regarding business shares, joint ventures, agricultural produce (Ushr), and delayed dowry (Mahr).
The user assumes all responsibility for the accuracy of their religious obligations. If you have complex financial portfolios or specific questions regarding your wealth, it is your religious duty to consult a qualified Mufti or a recognized Dar-ul-Ifta in your local community.