He says: I want to know what is the nisab (minimum threshold for zakah) for which zakah becomes obligatory, and the amount upon which the lunar year completes and zakah becomes obligatory; what is its value?
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The questioner : This is from the Iraqi Republic. The listener is Shaker Mahmoud al-Obaydi from al-Azamiyyah in Baghdad. He says: I want to know what is the nisab (minimum threshold for zakah) for which zakah becomes obligatory, and the amount upon which the lunar year completes and zakah becomes obligatory; what is its value in Saudi riyals, or Iraqi dinars, or Kuwaiti dinars? He says: knowing that regarding zakah, if I knew one of them, may Allah guide you?
The Shaykh : In Saudi riyals, the amount of the nisab (minimum threshold for zakah) is fifty-six riyals of silver.
The questioner : Yes.
The Shaykh : Or the equivalent thereof in paper currency. As for the Iraqi or Kuwaiti dinar, I know nothing about it.
The questioner : Yes.
The Shaykh : But the questioner says: I can know its value from them if I know its value in Saudi riyals.
The questioner : But regarding the rate, does it not come out, for example, as a quarter of a tenth in any...
The Shaykh : No, he is asking about the amount of the nisab (minimum threshold for zakah), not about the amount of the obligatory portion. As for the amount of the obligatory portion, it is a quarter of a tenth in all cases.
The questioner : In any wealth?
The Shaykh : In any wealth.
The questioner : Yes.
The Shaykh : Yes, in any currency.
The questioner : Yes.
The Shaykh : Or in any goods for trade.
The questioner : Yes.
The Shaykh : But he is asking about the amount of the nisab (minimum threshold for zakah).
The Shaykh : In Saudi riyals, the amount of the nisab (minimum threshold for zakah) is fifty-six riyals of silver.
The questioner : Yes.
The Shaykh : Or the equivalent thereof in paper currency. As for the Iraqi or Kuwaiti dinar, I know nothing about it.
The questioner : Yes.
The Shaykh : But the questioner says: I can know its value from them if I know its value in Saudi riyals.
The questioner : But regarding the rate, does it not come out, for example, as a quarter of a tenth in any...
The Shaykh : No, he is asking about the amount of the nisab (minimum threshold for zakah), not about the amount of the obligatory portion. As for the amount of the obligatory portion, it is a quarter of a tenth in all cases.
The questioner : In any wealth?
The Shaykh : In any wealth.
The questioner : Yes.
The Shaykh : Yes, in any currency.
The questioner : Yes.
The Shaykh : Or in any goods for trade.
The questioner : Yes.
The Shaykh : But he is asking about the amount of the nisab (minimum threshold for zakah).
