Assalam u alayekum !
Currently Ulema say that nisab of zakaat is the equavilent of silver price. Will Nisab of zakaat be same for the citizens of different countries as the silver and gold prices vary over different parts of the world or will it be same? (i.e keeping in view the gold and silver prices in the international market) If the latter is true (i.e uniform nisab for all) kindly tell what is Nisab for zakat this year (in accord to silver price in international market)?
wa `alaykum salam,
Sayyidina Muhammad (s) fixed the nisab of gold and silver which are 87.49 grams of gold or 613.35 of silver. The value of these figures might have been the same at the time of Sayyidina Muhammad (s). The value of both metals change daily in the markets. According to the current values shown below the nisab of gold is $5455.98 and the nisab of silver is $793.69. The scholars consider the nisab whichever is less between gold and silver. At present the nisab of silver is less, therefore whoever has $793.69 (Hanafis $816.85) for a full year is liable to pay zakat. We hope this answers the question.
|usd/oz||Nisab usd||usd/oz||Nisab majority usd||Nisab Hanafis usd|
Imam Senad Agic, Ph.D.
Head Imam (IABNA)
The Islamic Association of Bosniaks in North America