The amount of wealth which makes one liable for Zakat is called Nisaab. Gold 87.48 Gram 7.50Tolas 1350Grains 2.8125Troy Oz. Silver 612.36Gram 52.50Tolas 9450Grains and 19.6875 Troy Oz. Nisaab of cash, stock or bonds, other cash assets is the equivalent amount of Gold or Silver. Nisaab is calculated by adding up the cash value of all the assets such as gold, silver, currency etc. and if it is equal TO or in excess of the minimum Nisaab as specified in the above table, the Zakat is due at the rate of 2.5%.
Posted on: Mon, 22 Jul 2013 22:57:14 +0000
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