The Nisab of Zakah on Silver in Riyals

Question:
What is the amount of the nisab for zakah on riyals? Is it five hundred or six hundred?

Answer:
The nisab for zakah on silver in Saudi riyals is fifty-six riyals, or the equivalent in paper currency. One asks: what is the value of fifty-six riyals in paper? This fluctuates in the markets. One asks about the exchange rate of fifty-six Saudi silver riyals into paper currency. This is the minimum threshold. It is not the norm for people to have large amounts of wealth; they do not need to ask about those who have three hundred riyals or more, or two hundred riyals or more. This person does not need to ask; this is certainly the nisab. Yes. But the one who has only a few dirhams—does he owe zakah or not? This is the one who needs clarification. Yes. As for large amounts, there is no need to ask; in any case, zakah is due on them. Yes.