What is the standard for the zakah of money: is it gold or silver?
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The questioner : What is the standard for the nisab of the zakah of the two currencies: is it silver or gold?
The Shaykh : How is the standard determined? Each has its own ruling; everything has its own ruling. Gold, when it reaches the nisab, and silver, when it reaches the nisab.
The questioner : Paper currency, paper currency?
The Shaykh : Is the standard silver?
The questioner : Why, O Shaykh?
The Shaykh : Because this paper currency is a substitute for silver riyals.
The questioner : In some countries, it is a substitute for gold.
The Shaykh : I do not know regarding us Saudis; it is like this.
The questioner : ... .
The Shaykh : It is considered by gold.
The Shaykh : How is the standard determined? Each has its own ruling; everything has its own ruling. Gold, when it reaches the nisab, and silver, when it reaches the nisab.
The questioner : Paper currency, paper currency?
The Shaykh : Is the standard silver?
The questioner : Why, O Shaykh?
The Shaykh : Because this paper currency is a substitute for silver riyals.
The questioner : In some countries, it is a substitute for gold.
The Shaykh : I do not know regarding us Saudis; it is like this.
The questioner : ... .
The Shaykh : It is considered by gold.