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Nisab of Zakat

Sr. No.Item NameDetail
Sr. No.:
1
Item Name:
Silver
Detail:
52 1/2 tolas
:
Sr. No.:
2
Item Name:
Gold
Detail:
7 1/2tolas
:
Sr. No.:
Item Name:
Detail:
:

Zakat Nisab:

The Nisab is the lowest amount of wealth a Muslim needs to have before being eligible to pay Zakat. Gold and silver are the 2 values used to calculate the nisab threshold.

Nisab is the cost of 87.48 grams of gold or 612.36 grams of silver. The price of niṣab is calculated in dinars and dirham coins. The relationship between 20 dinars and 200 dirham, which is part of the definition of niṣāb, shows the cost of contemporary change between the dinar and dirham from one to 10 in the early days of Islam.

Exchange Charge

In later times, the exchange charge between the 2 Sharia coins was modified according to the market values, so the exchange prices of one to eleven and 1 to twelve are seen in the Fiqh literature.

This alternative load has several even greater within the previous two centuries. The change in the commercial rate meant that during subsequent instances 20 dinars would become more luxurious in the market cost than 200 dirhams.

Despite this, the definition of niṣāb has not been modified at some point in Islamic records. Therefore, a desire is created between the cost of 20 dinars and the rate of two hundred dirhams. Each value is typical in Shariah, and with the intention of choosing to pay the cost of any of them.

Rate of 1 Dinar

The rate of 1 dinar is not identical to the value of the gold content of 1 dinār, and the same applies to silver in a dirḥam. There may also be a distinction in the price between dinārs depending on their exceptional and their acceptability.

Although all-cash and gold or silver products must be exchanged for weight and now not for value. It is a good way to avoid riba al-Fadl, Specific cash can have unique market values. As reflected in the fiqh literature when it is said that some cash is not popular (makuuchi) [See Imam Malik’s al-Muwatta].

The rate of dinār and dirḥam are, therefore, different from their respective materials containing gold and silver. This represents a problem for modern Muslims due to the fact that dinār and dirḥam cash are difficult to achieve.

Some current students have prevailed that when it is considered that dinars and dir consider now have no problems available. The first-level response is to calculate the nisab using a 24-carat gold mithqal as a reference. Although this is not always a specific calculation, miles are considered a legitimate approximation in modern instances.

International Places

In some international places, Muslim groups have coined their dinars and personal dirḥams following authentic requirements.

That cash is each used as a technique for a popular rate and especially to pay zakat. 365-day rule. Zakat must be paid. In an effort to account for the zakat, a Muslim must possess a wealth greater than the niṣāb degree for a lunar year (354 days). This year begins evolved on the date that wealth is acquired;

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