Q:-I live in the united states. How
much is Nesab el-Zakat in US dollars?
Ans:-Nisaab ul-Zakat for naqd (gold and silver) is
defined as the minimum amount of naqd specified by shari’a below
which one is not required to pay zakat, whereas if one’s wealth exceeds it then
zakat becomes incumbent.
And it is known that zakat ul-maal
(wealth) in shari’a is required for the two types of naqd—gold
and silver—and what serves their function in modern times (commonly referred to
as cash), whether it is dollars or riyals or pounds or otherwise.
Nisaab for gold as our Prophet 
(peace be upon him) has informed us (and for
currencies made from gold) is 20 mithqaalan, a measure which is
equivalent to 85 grams of pure gold (1 mithqaal = 4.25 grams). It
becomes incumbent upon anyone who owns such an amount in any form to pay zakat
on it in the amount of 2.5%.
(peace be upon him) has informed us (and for
currencies made from gold) is 20 mithqaalan, a measure which is
equivalent to 85 grams of pure gold (1 mithqaal = 4.25 grams). It
becomes incumbent upon anyone who owns such an amount in any form to pay zakat
on it in the amount of 2.5%.
Nisaab for silver and currencies made from silver is 200 dirhams,
which is equivalent to 595 grams of pure silver (1 dirham = 2.975
grams). Likewise, it becomes incumbent upon anyone who owns such an amount in
any form to pay zakat on it in the amount of 2.5%.
It is well known that there is a
noticeable disparity between the value of nisaab for gold and that of
silver in our times. The best and most conservative for a poor person is to
assess how many dollars he has that have been in his possession for a complete
lunar year (Hijri, which is 354 days). If the amount reaches the value of nisaab
for silver or more, then he should pay from it for every 1000 dollars, 25
dollars (i.e., 2.5%) to be spent in the prescribed benficiaries as specified by
shari’ah, and we ask Allah to aid us and help us succeed in haqq il-maal wa
salla allahu ala nabiyyana muhammad
Note you can find the current price
of gold and silver via the internet, such as on the following page:
Islam Q&A
Sheikh Muhammed Salih Al-Munajjid
Sheikh Muhammed Salih Al-Munajjid
[courtesy-http://islamqa.info/en]
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FITR....................:-
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