π Free Silver Zakat Calculator β Nigeria 2026
Calculate your Zakat on Silver in Nigeria 2026 β free, instant, halal-funded. Live NGN prices, Maliki madhab nisab. Scholar-reviewed by AAOIFI and IFA OIC standards.
π₯SilverZakat Calculator
π³π¬Nigeria Β· NGN
Live Market Price
1Configuration
School of Jurisprudence (Madhab)
Nisab Threshold Basis
βΉοΈ Gold: ~NGNΒ 135,000.00/g Β· Silver: ~NGNΒ 1,530.00/g (approximate β connecting to live prices...)
2Your Zakatable Assets
π₯ Gold
π₯ Silver
Bank accounts, savings, deposits, cash on hand.
Total market value of all crypto holdings.
Inventory + cash on hand + trade receivables. Exclude fixed assets (machines, furniture).
π Real Estate
Primary residence is exempt (scholarly consensus). Zakatable below applies only to property held for resale or rental income.
Only the amount saved β not the property value itself.
3Debts & Liabilities
Debts due within the next 12 months may be deducted in the Maliki madhab.
Only next 12 months of payments β not the total outstanding balance.
4Zakat Calculation Result
Enter your assets above to see your Zakat calculation.
Important Disclaimer
This calculator provides a general estimate based on commonly accepted scholarly guidelines. Zakat obligations can vary based on individual circumstances, madhab, and local scholarly opinions. Always consult a qualified Islamic scholar for a ruling specific to your situation. This tool does not constitute a fatwa or religious ruling.
About Silver Zakat in Nigeria
Zakat on Silver in Nigeria is 2.5% of its market value, payable once your holdings stay above the nisab threshold for one full lunar year (hawl). The nisab threshold is 595 g (2026).
| Zakat rate | 2.5% |
|---|---|
| Nisab threshold | 595 gSilver |
| Hawl (holding period) | 1 lunar year (β354 days) |
| Madhab | Maliki |
Calculate your Zakat on silver in Nigeria with our free calculator. Silver nisab is 595g of pure silver. Get current silver prices in NGN and calculate your 2.5% Zakat obligation instantly. Follows Maliki madhab as predominant in Nigeria.
Nisab Threshold
595g of silver
Maliki Madhab Rule
Worn silver jewelry exempt, stored/investment zakatable.
Source: Supreme Council for Islamic Affairs Nigeria
Silver Zakat across the four madhabs
| Madhab | Worn jewelry | Stored / investment |
|---|---|---|
| Hanafi | Zakatable | Zakatable |
| Maliki | Exempt | Zakatable |
| Shafi'i | Exempt | Zakatable |
| Hanbali | Exempt | Zakatable |
Frequently Asked Questions
What is the nisab for silver Zakat?
The nisab for silver is 595 grams of pure silver, equivalent to 200 dirhams (approximately 5 awaq). Use our calculator for the current value in NGN.
Is silver nisab lower than gold nisab?
Yes, significantly. Silver nisab (~595g) is worth approximately 14x less than gold nisab (~85g). The Hanafi school uses silver nisab for cash, meaning more people are obligated to pay Zakat.
How is Zakat on silver calculated?
If your pure silver holdings exceed 595g and you've held them for one lunar year, you pay 2.5% of the total silver value as Zakat.