24 Dhul-Hijjah 1441

The nisab for Zakah is either 85g of gold or 595 g of silver, correct me if I’m wrong. But my question is if I have 1000€ on the bank, the the nisab of gold is not reached, but the nisab of silver. Do I have to pay Zakah or not? Why are there 2 threshold mentioned and how can we know which is applicable one our money because silver is less in value than gold?

By Admin
In Zakat
Dec 13th, 2019


You need to see how many € are needed to reach 595 grams of silver and then give 2.5% of that because the nisab of cash is calculated according to the value of silver and not gold. 

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