Premium Grade Financial Data for Shariah Compliant Asset Audit and Nisab Monitoring.
Zakat is one of the Five Pillars of Islam, a mandatory charitable contribution that serves as a system of wealth redistribution and purification. However, Zakat is not due on all wealth; it is only required when your qualifying assets exceed a specific threshold known as the **Nisab**. This terminal provides real-time data to help you determine that threshold based on current global market conditions.
The Nisab was set by the Prophet Muhammad (PBUH) at a rate equivalent to 87.48 grams of gold or 612.36 grams of silver. In the modern financial era, the value of these metals fluctuates daily. Our terminal tracks these fluctuations to provide you with an exact figure in your local currency.
Possessing wealth above the Nisab is only the first step. The second condition is the **Hawl**, which means you must have maintained that level of wealth for one full lunar year. If your wealth dips below the Nisab during the year, the countdown resets.
Zakat is mandatory on all physical cash, bank deposits, and even money lent to others. This includes funds saved for long-term goals like Hajj or property.
Our terminal tracks 24k, 22k, and 18k spot rates. Zakat is due on the pure weight of gold and silver in your possession, including bars and jewelry.
Stocks, Sukuk, and Cryptocurrencies (Bitcoin, Stablecoins) must be valued at current market price for an accurate Nisab comparison.
Our terminal uses institutional-grade APIs to fetch spot prices from global exchanges, ensuring your calculation is accurate down to the cent.
We consult with financial experts to ensure our data presentation aligns with classical Shariah standards for modern finance.
Whether you are in London, Karachi, or Dubai, our currency matrix allows you to convert Nisab values into your local tender instantly.
Many contemporary scholars recommend the Silver Nisab as it ensures a lower threshold, benefiting more recipients of Zakat. However, both are valid Shariah standards.
Yes, the accessible portion of your retirement funds (after tax and penalties) is generally considered wealth and should be included if it meets the Nisab.
Short-term business liabilities and immediate commercial debts can be deducted from your total zakatable assets before final comparison.
Volatile assets should be valued at their market price on your 'Zakat Anniversary' date, regardless of previous highs or lows during the year.
Hisabify Terminal uses institutional-grade market feeds to provide real-time Nisab values based on 87.48g of Gold and 612.36g of Silver. While we strive for 100% mathematical precision, Zakat is a profound religious obligation. We strongly recommend that users consult with a qualified Shariah scholar or their local Fiqh council for specific rulings regarding complex debts, business assets, and personal liabilities.