What is the nisab for zakah in Saudi riyals?
Machine translationRead the Arabic original
The questioner : What is the minimum percentage? In the Saudi riyals currently in circulation, at what point does zakah become obligatory? We ask for clarification.
The Shaykh : It is well known that paper currency has no value in itself; rather, it is subject to supply and demand. This is why, when paper currency first appeared, people preferred it over the silver riyal—a riyal of pure silver. They chose this paper over it because it was lighter. But now circumstances have changed, and a silver riyal is bought for ten, nine, or less, or more. The important point is that it is bought for more than one. We have determined the nisab of silver in Saudi riyals, and it came to fifty-six Arab riyals. So if a person has paper currency, we say: go to
The Shaykh : It is well known that paper currency has no value in itself; rather, it is subject to supply and demand. This is why, when paper currency first appeared, people preferred it over the silver riyal—a riyal of pure silver. They chose this paper over it because it was lighter. But now circumstances have changed, and a silver riyal is bought for ten, nine, or less, or more. The important point is that it is bought for more than one. We have determined the nisab of silver in Saudi riyals, and it came to fifty-six Arab riyals. So if a person has paper currency, we say: go to
Source
اللقاءات الرمضانية لعام 1412هـ - 2 — binothaimeen.net (54:16)
The Arabic text is a machine transcription of the audio recording.