Question
What is the nisab of zakat?
Answer
Zakat is due at 2.5% on qualifying wealth held above the nisab for one lunar year. The nisab is the value of 612.36 grams of silver or 87.48 grams of gold. When a person owns a mix of cash, gold and silver, the silver nisab is used, as it is lower and more beneficial to the poor.
وَاللّٰهُ أَعْلَمُ