Share Nisaabul-Zakatfornaqd(gold and silver) is defined as the minimum amount ofnaqdspecified byshari’abelow which one is not required to pay zakat, whereas if one’s wealth exceeds it then zakat becomes incumbent.
And it is known that zakat ul-maal (wealth) inshari’ais required for the two types ofnaqd—gold and silver—and what serves their function in modern times (commonly referred to as cash), whether it is dollars or riyals or pounds or otherwise.
Nisaabfor gold as our Prophet (peace be upon him) has informed us (and for currencies made from gold) is 20mithqaalan, a measure which is equivalent to 85 grams of pure gold (1mithqaal= 4.25 grams). It becomes incumbent upon anyone who owns such an amount in any form to payzakaton it in the amount of 2.5%.
Nisaabfor silver and currencies made from silver is 200dirhams, which is equivalent to 595 grams of pure silver (1dirham= 2.975 grams). Likewise, it becomes incumbent upon anyone who owns such an amount in any form to payzakaton it in the amount of 2.5%.
It is well known that there is a noticeable disparity between the value ofnisaabfor gold and that of silver in our times. The best and most conservative for a poor person is to assess how many dollars he has that have been in his possession for a complete lunar year (Hijri, which is 354 days). If the amount reaches the value ofnisaabfor silver or more, then he should pay from it for every 1000 dollars, 25 dollars (i.e., 2.5%) to be spent in the prescribed benficiaries as specified by shari’ah, and we ask Allah to aid us and help us succeed in haqq il-maal wa salla allahu ala nabiyyana muhammad
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