What is Zakat on Gold and How is it Calculated?

Jakarta, Pintu News – Zakat on gold is an obligation for every Muslim who owns a certain amount of gold and has met the shar’i requirements. According to Islamic law, gold is considered as a developing asset (potential to grow), so it is obligatory to pay zakat in order to clean the property and help the poor. Then, how to calculate it?

Eligibility Requirements for Zakat on Gold

For gold to be obligatory for zakaah, there are three main criteria that must be met:

• Owned: Gold is acquired halal and is fully privately owned.
• Reaching the Nisab: The weight of gold reaches the minimum limit of 85 grams.
• Reaching Haul: The gold has been stored or owned for one hijri year (lunar year).

Difference in Zakat on Gold Savings vs. Jewelry

The application of zakat differs depending on the function of the gold:

Also read: 3 Dinar Gold Coins Eid Al-Fitr Edition 2026

How to Calculate Zakat on Gold

The amount of zakat that must be paid is 2.5% of the total value of gold owned when it reaches haul.

Calculation Formula

If the current price of gold is H, and the weight of gold is G, then:

Zakat=(G x H) x 2.5%

Simulation Example

An individual has 100 grams of gold stored for one year. If the current gold price is assumed to be Rp1,200,000/gram, the calculation is:

1. Nisab Check: 100 grams > 85 grams (Wajib Zakat).
2. Total Gold Value: 100 grams x Rp1,200,000= Rp120,000,000.
3. Zakat Paid: Rp120,000,000 x 2.5%= Rp3,000,000.

Important Notes: If the gold owned consists of various grades (e.g. 18k and 24k), it must first be converted to 24 karat gold equivalent (pure gold) to determine whether it has reached the nisab of 85 grams or not.

Gold-Based Crypto: When Physical Assets Meet Crypto Technology

As blockchain technology develops, gold can now be owned not only in physical form such as jewelry or bars, but also in digital form through gold-based crypto assets.

One of the most popular is Pax Gold (PAXG), each token of which is guaranteed 1:1 by one troy ounce of London Good Delivery physical gold bullion stored in high-security vaults in London. Managed by Paxos Trust Company and closely monitored by New York financial authorities, PAXG provides the stable value of physical gold but with the flexibility of blockchain.

PAXG tokens are available and traded on various crypto exchanges. PAXG is also an attractive alternative for those looking to hedge against inflation or global economic uncertainty, while remaining within the digital asset ecosystem.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

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