What is the amount of zakah on gold and silver?

The Shaykh : What is the zakah on gold and silver? That is, what is its amount? The answer is one-quarter of one-tenth, meaning one out of forty. Accordingly, if a person has wealth in the form of gold, silver, or paper currency, he should divide it by forty, and whatever results from the division is the zakah. For example, if he has forty thousand, what is its zakah? One thousand riyals. If he has four hundred thousand, what is its zakah? Ten thousand riyals. If he has four million, one hundred thousand riyals. The point is that the matter is simple: divide what you have by forty, and whatever comes out is the zakah. Now, if a person does not know how to divide, he can ask someone to divide it for him, or we can tell him two and a half percent. Two and a half percent is acceptable. However, I am afraid that if we say two and a half percent and he has one hundred, how much is two and a half percent of that? For example, if he has one hundred and fifty, I am afraid he would say two and a half percent. He should wait until he has two hundred, and then say that in the first hundred there is two and a half, in the one hundred and fifty there is only two and a half, and in the one hundred and eighty there is two and a half, until he reaches the second hundred, where there is two and a half. But we say that if we say two and a half percent, it means a ratio, meaning that the obligatory amount is one-quarter of one-tenth. Pay attention to this, because some people may think that there are specific thresholds (awqas) in gold and silver, just as there are thresholds in livestock. There are no thresholds in gold, silver, grains, or fruits. Once the minimum threshold (nisab) is reached for the first time, any increase is calculated accordingly. Now, regarding gold and silver, let us return to the wealth subject to zakah.