The majority of Muslims have their wealth and savings are in the form of money, or in assets to be measured to money (gold). The zakat is due on these assets, if:
- complete ownership of the wealth,
- it reached the nisaab (minimum threshold)
- one year has passed since it reached the nisaabe. the value of 85 gram 24 carat gold.
If the above conditions are met, then 2.5% of the total value of one’s wealth should be paid as zakat.
Helping in calculating the nisaab:
On 14th of March 2026 i.e. 24th Ramadan 1447 at 15:30 (CET), according to the independent gold price information page (www.goldprice.org) the price of pure (24 carat) gold was 55,479.33 HUF/gram. That means that the value of 85 grams of pure gold (i.e. the nisaab) was 4,715,743.- Hungarian forints on that day. If one’s wealth reached or exceeded that amount and one year has passed with a complete ownership, then 2.5% of it should be paid as zakat.
