The formula to calculate the zakat is:
Lowest gold holdings in the period × Gold price set by PPZ-MAIWP × Zakat rate
Example:
- Lowest Gold Investment for the period: 300 g
- Gold Investment Nisab: 85 g
- Gold Price per gram (based on annual Nisab rate set by PPZ-MAIWP for 2025): RM349.88
- Zakat Rate: 2.577%
Calculation:
300 g × RM349.88 × 2.577%
Total Zakat = RM2,704.92
(Disclaimer: Please note that the zakat calculation will only be available from the date of feature introduction.)