The Ruling on the Zakah of Silver
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Q18: The questioner asks: Is there zakah on silver? My mother has gold and has not paid the zakah for the past five years. What is obligatory for her?
A18: There is zakah on silver. Zakah is due on gold and silver, which are among the types of wealth subject to zakah. It is necessary for the wealth to reach the nisab (minimum threshold). The nisab for silver is two hundred dirhams, by the Islamic dirham, which amounts to one hundred and forty mithqals. In Saudi riyals, this is fifty-six riyals of silver, or the equivalent of fifty-six riyals in silver currency. The obligatory amount is one-quarter of a tenth, which is two and a half percent. As for the gold that
is with your mother, if she intends it for use and adornment, there is no zakah on it. If she intends it for hoarding or trade and it reaches the nisab or more, then zakah is due on it, which is one-quarter of a tenth. The nisab for gold is twenty mithqals, which is eleven and a half Saudi pounds, or the equivalent in currency.
A18: There is zakah on silver. Zakah is due on gold and silver, which are among the types of wealth subject to zakah. It is necessary for the wealth to reach the nisab (minimum threshold). The nisab for silver is two hundred dirhams, by the Islamic dirham, which amounts to one hundred and forty mithqals. In Saudi riyals, this is fifty-six riyals of silver, or the equivalent of fifty-six riyals in silver currency. The obligatory amount is one-quarter of a tenth, which is two and a half percent. As for the gold that
is with your mother, if she intends it for use and adornment, there is no zakah on it. If she intends it for hoarding or trade and it reaches the nisab or more, then zakah is due on it, which is one-quarter of a tenth. The nisab for gold is twenty mithqals, which is eleven and a half Saudi pounds, or the equivalent in currency.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.