How to calculate Zakat in Pakistan
Zakat is 2.5% of your net zakatable wealth, once that wealth has stayed at or above the nisab for one lunar year. This guide shows the steps in rupees.
Step 1: Check the nisab
Nisab is 7.5 tola of gold (about 87.48 grams) or 52.5 tola of silver (about 612.36 grams). One tola is 11.664 grams. Many scholars in Pakistan advise using the silver nisab because it is lower. Find the day's silver price per tola from a local jeweller and multiply by 52.5.
Step 2: List your zakatable assets
Count gold, silver, cash, bank and savings balances, prize bonds, business stock kept for sale, shares and mutual funds, and loans you expect to recover. Do not count your home, car, furniture, clothes and household items for personal use, or business equipment.
Step 3: Subtract debts due now
Deduct unpaid bills and instalments that are currently payable.
Step 4: Take 2.5%
Zakat = 2.5% × (zakatable assets − debts due now)
Example
Cash and bank Rs 1,200,000, business stock Rs 800,000 and expected recovery Rs 100,000 give Rs 2,100,000. After Rs 300,000 of debts due, net wealth is Rs 1,800,000, so Zakat is Rs 45,000 (if it is above the nisab).
Bank deduction and timing
Banks in Pakistan deduct Zakat from savings accounts on the first day of Ramadan unless you have submitted an exemption declaration. Subtract any amount already deducted. Many people pick one date every year, often before Ramadan, to do this calculation. For questions about your own situation, ask a qualified scholar.
Use the Zakat calculator to do all of this in a minute.
Frequently asked questions
Is Zakat 2.5% of all my savings?
It is 2.5% of your net zakatable wealth (assets minus debts due now), provided the total is at or above the nisab.
Do I pay Zakat on my house or car?
No. A home and car for personal use are not counted.