5th September 2018
ุงูุณูุงู ุนูููู ูุฑุญู ุฉ ุงููู ูุจุฑูุงุชู
Question: How would one determine the Nisฤb of Zakฤt on cash?
ุงูุฌูุงุจ ุญุงู ุฏุงู ูู ุตููุงู
In the name of Allฤh, the Most Gracious, the Most Merciful
Answer:
The Nisฤb of Zakฤt on cash is determined by the Nisฤb of silver to facilitate for the needy as wealth will reach this level much sooner than the Nisฤb of gold. Therefore, the monetary value of the Nisฤb of silver (which is 612.36g) will determine the Nisฤb of Zakฤt on cash.[1]
[Allรฃh Knows Best]
Written by: Maulana Anas Mullah Reviewed by: Mufti Abdul Waheed
Attested by: Shaykh Mufti Saiful Islam
JKN Fatawa Department
[1] See Mufti Taqi Usmani, Fiqhi Maqalฤt, contemporary Zakฤt masail,vol 3, p. 129-179