The Minimum Threshold for the Zakah of Wealth and the Nisab of Gold and Silver
Machine translationRead the Arabic original
Question:
Honorable Shaykh, this questioner asks: What is the minimum threshold for the zakah of wealth, and does it fall under the zakah of trade goods or under the zakah of gold and silver?
Answer:
The minimum threshold is reaching the nisab (the minimum threshold for zakah). Reaching the nisab is this minimum threshold. The nisab for silver is one hundred and forty mithqals. One hundred and forty mithqals, which is two hundred Islamic dirhams, and in Saudi dirhams of silver, it is fifty-six Saudi Riyals of silver. That is, two hundred Islamic Riyals are equivalent to fifty-six Saudi Riyals of silver. Or the equivalent of the exchange rate of fifty-six in paper currency. This increases and decreases because the price of silver Riyals goes up and down according to high and low prices. This is regarding the nisab for silver. The nisab for gold is twenty mithqals, and its amount in Saudi pounds is eleven and a half pounds, or the equivalent of eleven and a half pounds in paper currency. This is the nisab, and this is the minimum threshold.
The presenter:
May Allah reward you,
Honorable Shaykh, this questioner asks: What is the minimum threshold for the zakah of wealth, and does it fall under the zakah of trade goods or under the zakah of gold and silver?
Answer:
The minimum threshold is reaching the nisab (the minimum threshold for zakah). Reaching the nisab is this minimum threshold. The nisab for silver is one hundred and forty mithqals. One hundred and forty mithqals, which is two hundred Islamic dirhams, and in Saudi dirhams of silver, it is fifty-six Saudi Riyals of silver. That is, two hundred Islamic Riyals are equivalent to fifty-six Saudi Riyals of silver. Or the equivalent of the exchange rate of fifty-six in paper currency. This increases and decreases because the price of silver Riyals goes up and down according to high and low prices. This is regarding the nisab for silver. The nisab for gold is twenty mithqals, and its amount in Saudi pounds is eleven and a half pounds, or the equivalent of eleven and a half pounds in paper currency. This is the nisab, and this is the minimum threshold.
The presenter:
May Allah reward you,
Source
75-اللقاء الأسبوعي مع الشيخ صالح الفوزان - 14 — archive.org (1:06:11)
The Arabic text is a machine transcription of the audio recording.