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)
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