Nissab is the minimum amount of wealth a Muslim must possess before they are obligated to pay Zakat. This threshold ensures that Zakat is paid by those who have sufficient wealth, while protecting those with limited means.
The Nissab value is determined based on the value of either 85 grams of gold or 595 grams of silver, whichever is lower. This approach follows the guidance from the Prophet Muhammad (ﷺ), who specified these amounts as the minimum thresholds for Zakat eligibility.
In today's context, the Nissab value fluctuates daily with the changing prices of gold and silver in the global market. This dynamic nature ensures that the Zakat threshold remains relevant to current economic conditions.
To calculate your Zakat obligation, you should compare your total wealth with the current Nissab value. If your wealth exceeds the Nissab and has been in your possession for a full lunar year (Hawl), you are required to pay 2.5% of that wealth as Zakat.
Our calculator provides the most up-to-date Nissab value based on current gold and silver prices, helping you determine your Zakat obligations accurately.