Topics: Charity

Zakat on Cash: Understanding the Nisab Value and Calculation

What is the Minimum Amount for Zakat on Cash?

Question: What is the nisab (minimum amount) for zakat in cash?

Answer: The nisab for zakat on cash is determined based on the nisab for gold or silver. For example, the nisab for silver is 595 grams. If someone has cash equivalent to the value of 595 grams of silver and a year has passed on that amount, then 2.5% zakat must be given on it. Therefore, there is no fixed amount for zakat in cash; it varies depending on the price of gold and silver in each country and city.

 Sheikh Maqbool Ahmed Salafi (may Allah preserve him)

❪Jeddah Dawah Center – Al-Salamah – Kingdom of Saudi Arabia)

Author: IslamicHelper

Tags: Zakat
IslamicHelper

Recent Articles

A Woman’s Home: The Islamic Place of Dignity & Peace

Delve into the profound Islamic wisdom behind why a woman's home is her ultimate sanctuary. This article explores the Quranic… Read More

1 week ago

Chastity Before Marriage in Islam

Explore the divine imperative of chastity in Islam, rooted in Quran and Sunnah, safeguarding dignity, family, and society from zina's… Read More

1 week ago

Islam’s Guide to Animal Kindness & Eco Responsibility

Discover Islam’s profound teachings on kindness to animals and environmental responsibility, rooted in Quranic principles and Prophetic traditions, promoting compassion… Read More

1 week ago

Backbiting & Lying in Islam: Quranic Warnings

Explore the clear Islamic definitions and prohibitions of backbiting (Gheebah), tale-bearing (Nameemah), and lying. This detailed explanation from Allamah Zayd… Read More

1 week ago

Women’s Role in Society’s Foundation

Explore how women, as mothers and wives, form the cornerstone of family and society through nurturing, harmony, and value instillation,… Read More

2 weeks ago

Spouses as Garments: Quran 2:187 Meaning

Discover the metaphor of spouses as garments in Quran 2:187, exploring protection, comfort, intimacy, and mutual rights for a blessed… Read More

2 weeks ago