Zakah on saved money, the nisab for zakah, the amount that must be paid out

Question:
May Allah reward you and make your knowledge beneficial. In her final question, she asks: What is the ruling on money saved to buy a house? Is zakah obligatory on it? What is the nisab for zakah on money? And is it required that a lunar year pass over it, such that when this nisab is reached on the day the lunar year completes, the zakah is paid?

Answer:
Yes. If the money reaches the nisab and a lunar year passes over it, then zakah is obligatory on it, because it is zakatable money over which a lunar year has passed, so zakah is obligatory on it. Even if it was set aside for his needs, or set aside to build a house, or for something else, or for marriage, or for other needs, he still pays zakah on it by giving out one-quarter of a tenth. The nisab is what reaches the amount of fifty-six Saudi Riyals in silver, in the well-known Saudi Riyal.
So whatever reaches this limit, or the value of it in other currencies or paper money, that is the nisab. He pays zakah on it, and on whatever exceeds it, if a lunar year has passed over it. Giving out one-quarter of a tenth means two and a half percent. Yes.