Nisab is the minimum amount of wealth that a Muslim needs to possess before paying Zakat.
You can measure it by gold or silver. According to Islamic Relief of the United Kingdom the Nisab is as follows:
- 87.48 grams of gold or
- 612.36 grams of silver.
Otherwise, you can use the cash equivalent.
You give Zakat based on your personal, business, livestock, and discovered wealth. For instance, the Niṣāb for the following three Zakatable livestock:
- Five camels
- Thirty cows
- Forty goats and sheep
Most importantly, the Nisab of each animal should not be mixed. For example. Having 2 camels and 20 goats would fall below the fixed Nisab as it does not exceed the threshold of 5 camels and 40 goats.
You calculate the amount after one Islamic lunar year from the dates each of these sources of wealth reaches its thresholds of Nisab or agricultural produce at the time of harvest.
If you are a Muslim who owns some wealth below the fixed amount of Nisab during one lunar year, you don’t have to pay Zakat.
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