The rules of zakat are simple, we must pay a certain amount of money on behalf of our savings and investments. You can donate this money to any cause all over the world as long as they’re zakat eligible. Answers to questions such as who is eligible for zakat can be found on our website.
Nisab zakat 2020
To calculate zakat the nisab is there to measure the maximum level of gold and silver that are worthy of zakat. The value of gold and silver change every year in the form of money. At the moment the nisab for 2020 in gold and silver is at a rate of:
Gold: £2,987.01 (87.5g)
Silver: £255.21 (625)