Determining the Nisab of Zakat on Wealth by Gold or Silver
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, it is widespread among many people that the zakat on wealth is not calculated except by gold.
The Shaykh:
What does it not become?
The questioner:
Its determination is only for her.
The Shaykh:
I did not hear.
The questioner:
And among the things people point out is that the zakat on wealth is not determined except by gold, and they raise the question of whether it can be determined by silver, since its value has become what it is issued in. Is it correct that it can also be determined by silver?
The Shaykh:
They say: If it is calculated by silver, it falls short of the nisab, and if it is calculated by gold, it reaches the nisab, or vice versa. By which of the two currencies is it calculated? It is calculated by whichever of the two currencies reaches the nisab, because the two currencies are one thing, each serving as a substitute for the other. Yes.
Honorable Shaykh, it is widespread among many people that the zakat on wealth is not calculated except by gold.
The Shaykh:
What does it not become?
The questioner:
Its determination is only for her.
The Shaykh:
I did not hear.
The questioner:
And among the things people point out is that the zakat on wealth is not determined except by gold, and they raise the question of whether it can be determined by silver, since its value has become what it is issued in. Is it correct that it can also be determined by silver?
The Shaykh:
They say: If it is calculated by silver, it falls short of the nisab, and if it is calculated by gold, it reaches the nisab, or vice versa. By which of the two currencies is it calculated? It is calculated by whichever of the two currencies reaches the nisab, because the two currencies are one thing, each serving as a substitute for the other. Yes.
Source
شرح بلوغ المرام من أدلة الأحكام [ صالح الفوزان ]، كتاب الزكاة — islamhouse.com (1:02:09)
The Arabic text is a machine transcription of the audio recording.