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Nisab On Wealth Based On Gold Or Silver
I have a confusion regarding zakat payment. For wealth the nisab is 642 gm silver or 85gm of gold. First of all which one should we choose. Second. This nisab will be subtracted from the total wealth and than percentage applied on the remaining amount or the nisab is just that above this nisab one has to oay zakat on the whole amount??
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2 Replies
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Nisab On Wealth Based On Gold Or Silver
updated 2 years ago
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Please see Discussion 58129 • Reply 58137
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The actual yardstick in calculating the nisab is silver and not gold or both as is generally held. This misconception seems to have arisen from the equation that existed between silver and gold (7.5 tolas of gold = 52.5 tolas of silver) in the times of the Prophet (sws). Regarding the second point on Nisab (Please see: Discussion 84353 • Reply 84404)
For comments of Ghamidi Sahab on Silver being Nisab for Zakat, please refer to the video below from 24:15 to 27:31
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