Pusat Pungutan Zakat

According to Islamic law, silver is zakatable. Generally, silver is used in the following four main forms:

1. Silver ingot
2. Silver currency
3. Silver utensils or house decorative objects 
4. Silver jewelry or ornaments 

Zakat rate and nisab for silver

Scholars have unanimously set the nisab of silver to 200 dirham that is equivalent to 595 grams of silver.

Evidence for zakat on silver

The Prophet (p.b.u.h) said: 

Meaning:

“…There is no obligation on silver if less than 5 awsuq (equivalent to 930 litres)” (Reported Muslim)

Meaning:

“On silver, one-fourth of one-tenth is obligated…” (Reported Al-Bukhari)

Calculation example for zakat on silver 

Weight of silver object x market value x 2.5%

Let say Ahmad keeps 1,000 grams of silver (exceeds nisab)

Zakat rate = 2.5%
* Current market price of silver harga semasa perak (example) = RM 0.62

Zakat =  1,000 grams x 0.62 x 2.5%
=  15.50