Article contents
The Minimum Amount required for Az-Zakah on Wealth
The minimum amount required for Az-Zakah
Question :
Verily, the minimum amount required for Az-Zakah from silver is 200 dirhams, which is equal to 57 riyals (silver coins). The minimum amount required for Az-Zakah on gold is 20 dinars, and this is from the time of the Messenger. However, this is not considered the same now, as 20 dinars (gold coins) is not equal to 57 riyals (silver coins). Actually it is more than this. Therefore, what should be done?
Answer:
The minimum amount required for Az-Zakah on silver is 1200 dirhams, which is 56 Saudi Arabian riyals (silver coins) of silver or whatever is equal to its value of cash currency.
The minimum amount required for gold is 20 Mithaal, which is equal in value to 113/7 Saudi Junayhs, or whatever is equivalent to its value of cash currency that has the same ruling as gold.
The minimum amount required for Az-Zakah on circulated cash Currencies
Question :
I present to you noble scholars the fact that people differ concerning the matter of the minimum amount required for Az-Zakah on circulated cash currencies. Among them there are those who say it is 200 riyals making an analogy with 200 dirhams. Among them there are those who say it is 56 riyals. Some of them say it is the value of 200 dirhams of silver in riyals. If we calculate the value of 200 dirhams of silver at the current market price its value is approximately 800 Saudi riyals. Verily, I am concerned with this matter. Please give me a ruling, and may Allâh reward you.
Answer:
The minimum amount of silver which requires Az-Zakah to be paid is 200 dirhams, which is equal to 140 Mithqal. Its estimated value in Saudi riyals is 56 Saudi riyals (silver coins) or whatever is equivalent to it in paper cash currency (that is used). And success is from Allâh. May Allâh send blessings and peace upon His servant and Messenger, Muhammad, and also upon his family and Companions.
Source:
Fatawa Islamiyah, Vol. 3 Pages 162-163
Share on WhatsApp