The Amount of the Nisab for Currency
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Question:
This questioner, Salih Hasan, asks: What is the nisab for the zakah of currency in riyals, O Shaykh?
Answer:
The zakah of currency is one hundred and forty mithqals of silver. In Saudi silver riyals, this amount is fifty-six riyals. In paper currency, it is whatever corresponds to that, namely the value of fifty-six silver riyals; zakah is due on that. Some scholars said: fifty-six paper riyals have zakah due on them like silver, because they have taken the place of silver.
In any case, if a person has paper currency—whether riyals, ten-riyal notes, or notes of more than ten, such as fifty—such that he has currency equal to fifty-six silver riyals, then this is the nisab. Whatever exceeds that is calculated accordingly. Yes.
The presenter : May Allah reward you with good, Your Eminence the Shaykh.
This questioner, Salih Hasan, asks: What is the nisab for the zakah of currency in riyals, O Shaykh?
Answer:
The zakah of currency is one hundred and forty mithqals of silver. In Saudi silver riyals, this amount is fifty-six riyals. In paper currency, it is whatever corresponds to that, namely the value of fifty-six silver riyals; zakah is due on that. Some scholars said: fifty-six paper riyals have zakah due on them like silver, because they have taken the place of silver.
In any case, if a person has paper currency—whether riyals, ten-riyal notes, or notes of more than ten, such as fifty—such that he has currency equal to fifty-six silver riyals, then this is the nisab. Whatever exceeds that is calculated accordingly. Yes.
The presenter : May Allah reward you with good, Your Eminence the Shaykh.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.