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ARE YOU ZAKAT ELIGIBLE?

Your zakat is powerful, so use it for good this Ramadan. Our commitment to you this Ramadan and every Ramadan is that we will ensure it gets to those most in need.


 

Zakat is payable at 2.5% of the wealth one possesses above the Nisab. Nisab, which is equal to 3 ounces of gold, is the minimum amount of wealth one must have before they are liable to pay zakat. *The nisab amount listed is based on the latest available report for March 2020 (note: This number may change daily depending on fluctuations in the gold exchange rate). Zakat is mandatory on gold, silver, cash, savings, investments, business merchandise and profits, shares, securities and bonds. Zakat is not paid on wealth used for debt repayment of living expenses such as clothing, food, housing, transportation, education, etc.