The nisab of zakah on silver in paper currency
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. It is well known that the nisab of zakah on silver is one hundred and forty mithqals, which is equivalent to fifty-six silver riyals, as established by the scholars. His question is: If I have fifty-six Saudi paper riyals of these contemporary riyals, does that count as the nisab, making zakah obligatory on it?
Answer:
Do not ask; ask the money changers what fifty-six riyals is worth in silver paper currency. Whatever the exchange value of fifty-six riyals is in silver, that is the nisab, and it increases and decreases. Yes.
He says: Honorable Shaykh, may Allah grant you success. It is well known that the nisab of zakah on silver is one hundred and forty mithqals, which is equivalent to fifty-six silver riyals, as established by the scholars. His question is: If I have fifty-six Saudi paper riyals of these contemporary riyals, does that count as the nisab, making zakah obligatory on it?
Answer:
Do not ask; ask the money changers what fifty-six riyals is worth in silver paper currency. Whatever the exchange value of fifty-six riyals is in silver, that is the nisab, and it increases and decreases. Yes.
Source
المنتقى من أخبار سيد المرسلين، أسئلة المنتقى — alfawzan.live (8:24)
The Arabic text is a machine transcription of the audio recording.