1. Nisab Threshold: Zakat is obligatory if your net worth exceeds the Nisab threshold, which is equivalent to 87.48 grams of gold or 612.36 grams of silver.
2. Zakat Rate: The Zakat rate is 2.5% of your total eligible wealth.
3. Eligible Wealth: Zakat is payable on gold, silver, cash, savings, investments, and business assets held for one lunar year.
4. Exemptions: Personal belongings, primary residence, and debts owed to you are exempt from Zakat.