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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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The Nisab of Zakah on Money

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Question:
A questioner asks and says: What is the amount of the nisab for money, the zakah on money, and does this nisab change with the change in the price of gold and silver?

Answer:
The default is that the nisab of gold is twenty mithqals. Twenty mithqals. And the nisab of silver. The nisab of silver is one hundred and forty mithqals, two hundred Islamic dirhams, and the gold is twenty mithqals, meaning twenty Islamic dinars, twenty Islamic dinars, and the nisab of gold is currently determined.
Because it is one and a half Saudi pounds, this is the nisab of gold. The nisab of silver is determined to be fifty-six Saudi riyals of silver, the Saudi riyal of silver, fifty-six Saudi riyals multiplied by silver, or its equivalent. From paper currency, fifty-six riyals of silver or its equivalent in paper currency is paid out as fifty-six riyals in paper currency, and this varies with the prices, increasing and decreasing, rising and falling. Likewise, the limit for gold is one and a half pounds or its equivalent in paper currency.
The equivalent of the limit of one and a half pounds of gold in cash. But, my brothers, people have money; it is not that he has only the amount of the nisab. He does not have only the amount of the nisab, but he has money in the thousands, in the millions, even in the billions. So there is no need to ask about the nisab when the money is abundant. He must pay one-quarter of a tenth of his money: two and a half riyals in the hundred, twenty-five riyals in the thousand, and so on. This is what he should ask about, not the nisab, when he has much more than the nisab in large amounts. Yes.
Source كلمات رمضانية(مسجد فيحاء)16-09-1434هـ — alfawzan.live (11:39)

The Arabic text is a machine transcription of the audio recording.

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