The Nisab of Paper Currency in Gold or Silver
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, regarding paper currency, is its nisab (minimum threshold for zakah) assessed by gold or by silver?
Answer:
It reaches the nisab (minimum threshold for zakah) if, when valued in gold, it reaches the nisab. If it does not reach the nisab when valued in gold, it is not valued in gold. The same applies in the reverse case: if it reaches the nisab when valued in silver but does not reach it when valued in gold, it is valued in silver, because this is more beneficial for the poor.
He says: Honorable Shaykh, may Allah grant you success, regarding paper currency, is its nisab (minimum threshold for zakah) assessed by gold or by silver?
Answer:
It reaches the nisab (minimum threshold for zakah) if, when valued in gold, it reaches the nisab. If it does not reach the nisab when valued in gold, it is not valued in gold. The same applies in the reverse case: if it reaches the nisab when valued in silver but does not reach it when valued in gold, it is valued in silver, because this is more beneficial for the poor.
Source
قناة «العلامة الدكتور صالح الفوزان»، 033 من 123 / شرح كتاب زاد المستقنع / الزكاة / زكاة بهيمة الأنعام / صالح الفوزان/الفقه/كبار العلماء — youtube.com (1:13:09)
The Arabic text is a machine transcription of the audio recording.