5th September 2018
السلام عليكم ورحمة الله وبركاته
Question: How would one determine the Nisāb of Zakāt on cash?
الجواب حامداً ومصلياً
In the name of Allāh, the Most Gracious, the Most Merciful
Answer:
The Nisāb of Zakāt on cash is determined by the Nisāb of silver to facilitate for the needy as wealth will reach this level much sooner than the Nisāb of gold. Therefore, the monetary value of the Nisāb of silver (which is 612.36g) will determine the Nisāb of Zakāt on cash.[1]
[Allãh 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 Maqalāt, contemporary Zakāt masail,vol 3, p. 129-179