The Nisab of Gold and Silver
Machine translationRead the Arabic original
Question:
A message was received by the program from the city of Tamir, sent by our brother Rajih ibn Hamd al-Mani' al-Fayyad. Our brother says: We studied in Islamic jurisprudence that the zakah of the two currencies, gold and silver, is: for gold, twenty mithqals, which is equivalent to twelve pounds; and the nisab for silver is two hundred dirhams, which is equivalent to fifty-six Saudi riyals.
I ask for clarification on this issue: is the riyal referred to here the paper riyal or silver? Also, please clarify the gold in grams and the minimum nisab in that regard, or in Saudi paper currency.
May Allah reward you with good.
Answer:
As for gold, the nisab is twenty mithqals. The nisab for gold is twenty mithqals, which is ninety-two grams. In gold and the Saudi pound, it is eleven and a half pounds—eleven pounds and three-sevenths, meaning half a pound minus a little. So, eleven and a half pounds is the nisab in the Saudi pound, twenty mithqals in mithqals, and ninety-two grams in grams. This is the nisab. Anything less than this does not have zakah due on it.
As for silver, it is one hundred and forty mithqals, which is fifty-six Saudi riyals of silver, or the equivalent in paper currency. In the time of the Prophet (peace and blessings be upon him), it was two hundred dirhams, and in our time, it is fifty-six Saudi riyals of silver, or the equivalent in paper currency and other currencies. This is the nisab. When a lunar year has passed over it, zakah becomes obligatory on it at the rate of one-quarter of one-tenth: two and a half in a hundred, and twenty-five in a thousand, of gold and silver. Yes.
The presenter: May Allah reward you with good.
A message was received by the program from the city of Tamir, sent by our brother Rajih ibn Hamd al-Mani' al-Fayyad. Our brother says: We studied in Islamic jurisprudence that the zakah of the two currencies, gold and silver, is: for gold, twenty mithqals, which is equivalent to twelve pounds; and the nisab for silver is two hundred dirhams, which is equivalent to fifty-six Saudi riyals.
I ask for clarification on this issue: is the riyal referred to here the paper riyal or silver? Also, please clarify the gold in grams and the minimum nisab in that regard, or in Saudi paper currency.
May Allah reward you with good.
Answer:
As for gold, the nisab is twenty mithqals. The nisab for gold is twenty mithqals, which is ninety-two grams. In gold and the Saudi pound, it is eleven and a half pounds—eleven pounds and three-sevenths, meaning half a pound minus a little. So, eleven and a half pounds is the nisab in the Saudi pound, twenty mithqals in mithqals, and ninety-two grams in grams. This is the nisab. Anything less than this does not have zakah due on it.
As for silver, it is one hundred and forty mithqals, which is fifty-six Saudi riyals of silver, or the equivalent in paper currency. In the time of the Prophet (peace and blessings be upon him), it was two hundred dirhams, and in our time, it is fifty-six Saudi riyals of silver, or the equivalent in paper currency and other currencies. This is the nisab. When a lunar year has passed over it, zakah becomes obligatory on it at the rate of one-quarter of one-tenth: two and a half in a hundred, and twenty-five in a thousand, of gold and silver. Yes.
The presenter: May Allah reward you with good.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.