The Nisab of Zakah in Current Riyals

The questioner:
The nisab of riyals in the present time, the riyals circulating in our hands. Let's go.

The Shaykh:
Fifty-six silver riyals, or whatever currency is considered equivalent to them.

The questioner:
How much do the riyals equal approximately now?

The Shaykh:
By Allah, I do not know, but the matter is easy; one gives out a quarter of a tenth.

The questioner:
You compare it by ratio.

The Shaykh:
A quarter of a tenth, and praise be to Allah; giving out a quarter of a tenth, and praise be to Allah, is not harmful.

The questioner:
Of the tenth, one gives out a quarter of the tenth.

The Shaykh:
Perhaps with one hundred and two and a half riyals.

The questioner:
From every hundred.

The Shaykh:
What is it, Marzuq?

The questioner:
For example, the nisab is one hundred.

The Shaykh:
No, in any case, it does not equal fifty-six, but if one gives out from fifty-six or more, that is more cautious; because some scholars hold that the currency takes the place of silver, replacing the known currency. So if he has fifty-six dollars, he gives out a quarter of a tenth; fifty-six riyals, a quarter of a tenth; he gives out fifty-six dinars; fifty-six of any currency, he gives out a quarter of a tenth.