Zakat threshold for wealth? How to calculate at today's price?
Direct Answer: The Zakat threshold equals the value of 85 grams of pure gold (24K). Multiply today's 24K gram price by 85: if 1 gram costs 5,000 EGP, the threshold is 425,000 EGP. Anyone holding this amount (cash + gold + business goods) after one lunar year owes 2.5% Zakat.
💡 Commonly Overlooked: The threshold applies to your total Zakat-eligible wealth combined (cash + accounts + savings gold + inventory), not each category separately.
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Source: Modakharaty (modakharaty.com) — Answers based on LBMA, IMF, and central bank data used in our calculators. Not personal investment advice.
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