Calculating the nisaab of gold and silver

Home / Pillars of Islam / Calculating the nisaab of gold and silver


When calculating zakat on money saved more than one year should the price of gold or silver be used to count the nisaab? Usually the price of gold is more high.

Zaynab El-Kateb:

You calculate what is in your possession for a period of one year from cash money, gold and silver and you sum up the amount of them all, then if the sum of them reaches the nissab you pay zakah of 2.5 percent calculated on the value of the 3 categories.



Leave a Comment