The Nisab of Paper Currency and the Amount of Zakah
Machine translationRead the Arabic original
Question:
May Allah reward you and bless you. This questioner says: Honorable Shaykh, what is the obligatory nisab for paper currency when a lunar year has passed over it? And what is the amount that must be paid out from it?
Answer:
First, if the amount is large, reaching thousands or millions, there is no need to ask about the nisab; one pays out a quarter of a tenth from it. But if the money is small, one needs to know the nisab. The nisab is fifty-six Saudi riyals in silver, or the equivalent in paper currency. That is, exchanging fifty-six riyals in paper currency constitutes the nisab. Yes.
May Allah reward you and bless you. This questioner says: Honorable Shaykh, what is the obligatory nisab for paper currency when a lunar year has passed over it? And what is the amount that must be paid out from it?
Answer:
First, if the amount is large, reaching thousands or millions, there is no need to ask about the nisab; one pays out a quarter of a tenth from it. But if the money is small, one needs to know the nisab. The nisab is fifty-six Saudi riyals in silver, or the equivalent in paper currency. That is, exchanging fifty-six riyals in paper currency constitutes the nisab. Yes.
Source
نور على الدرب - الفوزان - 03/168 — archive.org (18:10)
The Arabic text is a machine transcription of the audio recording.