The Nisab of Zakah in Saudi Currency

The questioner:
The questioner asks: What is the amount in Saudi currency for which zakah becomes obligatory? And does this amount change with the fluctuation in the prices of gold and silver?

The Shaykh:
As we mentioned, paper currency is a substitute for gold and silver. So, if the value of the gold nisab reaches the nisab or more—if the value of the nisab, meaning you have the gold nisab—then you give out what is equivalent to this nisab in currency, in currency, in paper money. The gold nisab might be equivalent to two hundred paper riyals, equivalent to one thousand, equivalent to five hundred, it does not matter. The important thing is that the basis is the gold nisab, and what is equivalent to its value in paper money, or the silver nisab, and what is equivalent to the silver nisab in paper money in terms of exchange. You ask the money changers about the value of fifty-six riyals, yes, about the value of eleven pounds of gold, yes.

The presenter:
The questioner says: There is a man who says that shaving the beard or trimming it,

The Shaykh:
Following 'Arafah. The continuation of the answer: Now, most people do not have the nisab; they have a lot of money, so you do not need to ask about the nisab. If you have, for example, one thousand paper riyals or five hundred paper riyals, this is definitely more than the nisab, so you pay zakah on it without asking about the nisab because it exceeds the nisab. So, more, yes.