Zakat Maal on Your Investment Portfolio Isn't Optional. Here's the Actual Calculation
5 min read
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5 min read
If your stocks and mutual funds are worth more than about Rp220 million combined, you may already owe zakat maal on them, whether or not anyone has told you so. Zakat maal is the yearly religious wealth tax that applies to stored wealth, not just income, and an investment portfolio is stored wealth. Most guides explain the concept in the abstract. This one walks through the actual numbers: how much the threshold is right now, what counts toward it, and what a real mixed portfolio would owe.
Three conditions have to be met before zakat maal is owed on stocks, mutual funds or any other stored wealth:
If all three are met, the rate is a flat 2.5% of the total value, according to BAZNAS (Badan Amil Zakat Nasional), Indonesia's national zakat authority, and confirmed across multiple zakat institutions including Dompet Dhuafa and NU-affiliated amil zakat bodies.
Because the nisab is pegged to gold, it moves every time the gold price moves. Using Antam's own buyback price of Rp2,585,000 per gram on 21 August 2026, the nisab for zakat maal works out to:
That means a stock and mutual fund portfolio worth roughly Rp220 million or more clears the nisab today. Because gold moves daily, check the current Antam buyback price before you calculate your own number rather than reusing this one months later.
For zakat maal purposes, stocks and mutual funds are valued at their current market price, not what you originally paid for them. A stock bought at Rp1,000 and now trading at Rp1,500 is assessed at Rp1,500. This is confirmed directly by BAZNAS's own guidance on stock zakat, which states the calculation uses the market or exchange price, not the purchase price.
What goes into the total:
Gold and silver you hold separately follow their own zakat calculation and are not combined into this pool unless you are deliberately pooling multiple asset types below nisab to reach the threshold together, a specific case with its own rules best confirmed with an amil zakat institution.
Say you hold Rp180 million in IDX stocks and Rp90 million in mutual fund units, and you received Rp5 million in dividends over the year. Your total is:
That clears the roughly Rp220 million nisab calculated above, so if you have held this position for a full haul year, the zakat owed is:
For most investors, the practical starting point is the date your combined stored wealth first reached the nisab and stayed there. If you started investing gradually and only crossed Rp220 million partway through the year, your haul clock starts from that crossing date, not from your very first deposit. If your holdings dipped below nisab at any point and later recovered, many scholars and amil zakat institutions treat this as resetting the haul clock, so keeping a rough record of when you crossed the threshold matters more than it might seem.
The number that decides all of this is your total portfolio value on the day your haul completes, and that number is easy to lose track of across a scattered mix of brokerage accounts and mutual fund platforms. Your NetWort Dashboard shows your combined portfolio value in one place, so you can compare it against the current nisab threshold without adding up statements by hand. For the current market price of specific holdings feeding into that total, check the Market page before you finalise the calculation, since a stale price can push you to the wrong side of the nisab line.