ANSWER:

The threshold (nisab) of money is the value of 595 grams of silver which is about 300$. You try and set a date and on that day, you calculate how much you have and give 2.5% in zakat. Every lunar year, you do this process on that date.

Is zakaah payable on a person that has wealth to take care of himself and family but not enough money to build a house from which he’ll earn rent?

Zakat |