The Amount of the Nisab for Gold and Silver and the Ruling on Combining Assets with Other Assets
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Question:
You ask Your Eminence, saying: What is the amount of the nisab in monetary assets? What is the ruling if I add other amounts to my nisab during the year? How do I pay it out? I hope for your guidance. May Allah reward you with good.
Answer:
As for the nisab of gold, it is twenty mithqals, the amount of which is eleven and a half Saudi pounds, which is called a nisab, eleven and a half pounds, which is called a nisab, twenty mithqals, and in grams it is ninety-two, the amount in grams is ninety-two grams, this is the nisab for gold, so if it is less than this; there is no zakah in it.
And zakah is not obligatory unless the lunar year has passed, if the lunar year has passed on this gold; zakah becomes obligatory, for example: ..... a person has the price of a sale, the sale was completed, and they gave him the value of one hundred pounds, or a gift of one hundred pounds, or a woman has one hundred pounds as her mahr, if the lunar year has passed; he pays zakah on it as a quarter of a tenth.
As for silver, its nisab is one hundred and forty mithqals, the amount of which is fifty-six silver riyals, in Saudi riyals, fifty-six silver riyals in Saudi riyals, so whatever reaches this amount, or its value; becomes a nisab, if the lunar year has passed on it; it is paid as zakah, and if late-arriving money comes to him, it will have another lunar year.
So a person who has, for example, ten thousand riyals which he borrowed from a person, or was given as assistance, or something similar, if the lunar year has passed on it; he pays zakah on it, and if other dirhams come to him after these dirhams .. a month, or two months, their lunar year is when their lunar year is completed, their lunar year is when a year has passed since their arrival, he was given ten thousand in the first of Ramadan as assistance, and in Shawwal he was given another ten thousand as assistance, each thing has its own lunar year, the one in Ramadan has its lunar year in Ramadan, and the one in Shawwal has its lunar year in Shawwal, and so on, yes.
You ask Your Eminence, saying: What is the amount of the nisab in monetary assets? What is the ruling if I add other amounts to my nisab during the year? How do I pay it out? I hope for your guidance. May Allah reward you with good.
Answer:
As for the nisab of gold, it is twenty mithqals, the amount of which is eleven and a half Saudi pounds, which is called a nisab, eleven and a half pounds, which is called a nisab, twenty mithqals, and in grams it is ninety-two, the amount in grams is ninety-two grams, this is the nisab for gold, so if it is less than this; there is no zakah in it.
And zakah is not obligatory unless the lunar year has passed, if the lunar year has passed on this gold; zakah becomes obligatory, for example: ..... a person has the price of a sale, the sale was completed, and they gave him the value of one hundred pounds, or a gift of one hundred pounds, or a woman has one hundred pounds as her mahr, if the lunar year has passed; he pays zakah on it as a quarter of a tenth.
As for silver, its nisab is one hundred and forty mithqals, the amount of which is fifty-six silver riyals, in Saudi riyals, fifty-six silver riyals in Saudi riyals, so whatever reaches this amount, or its value; becomes a nisab, if the lunar year has passed on it; it is paid as zakah, and if late-arriving money comes to him, it will have another lunar year.
So a person who has, for example, ten thousand riyals which he borrowed from a person, or was given as assistance, or something similar, if the lunar year has passed on it; he pays zakah on it, and if other dirhams come to him after these dirhams .. a month, or two months, their lunar year is when their lunar year is completed, their lunar year is when a year has passed since their arrival, he was given ten thousand in the first of Ramadan as assistance, and in Shawwal he was given another ten thousand as assistance, each thing has its own lunar year, the one in Ramadan has its lunar year in Ramadan, and the one in Shawwal has its lunar year in Shawwal, and so on, yes.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.