Nisab of Zakat in Islam
The nisab is the lowest amount of wealth that a Muslim needs to own earlier than they come to be eligible to pay Zakat.
Gold and silver are the 2 values used to calculate the nisab threshold. The nisab is the cost of 87.48 grams of gold or 612.36 grams of silver. The price of the nisab is calculated in dinar cash and dirham coins.
Relation of Dinars and Dirham
The relation among 20 dinars and 200 dirhams which is part of the definition of nisab displays the contemporary change cost between the dinar and the dirham of one to 10 in the early days of Islam.
In later times the change charge among the 2 Sharia coins modified in step with marketplace values. So change prices of one to eleven and 1 to twelve are seen in early Fiqh literature.
This alternate charge has various even greater inside a previous couple of centuries. The shift in trade fee intended that during later instances 20 dinars became more luxurious in market cost than 200 dirhams. In spite of this, the definition of niṣāb has not been altered at some point in Islamic records. Therefore a desire is created among the cost of 20 dinars and the fee of 2 hundred dirhams.
Each value is typical in Shariah, and with the intention to select to pay the cost of either of them. The fee of 1 dinār isn’t identical to the value of the gold content of 1 dinār, and likewise with the silver in a dirham. There may be also the distinction in price among dinārs depending on their exceptional and their acceptability. although all gold or silver cash and products have to be exchanged by way of weight and now not via value a good way to prevent riba al- Fadl,
Specific cash may have one of a kind market values as is reflected within the fiqh literature when it is said that some cash is not popular (makuuchi).[See Imam Malik’s al-Muwatta]
The fee of the dinār and dirḥam are therefore different from their respective gold and silver content material.
Problems for new Muslims
This represents a problem to modern Muslims due to the fact dinar and dirham cash are tough to achieve. Some present-day students have prevalent that when you consider that dinars and dirhams. These are now not with no trouble available the first-rate answer is to calculate the nisab the usage of a mithqal of 24-karat gold as a reference.
Even though this isn’t always a specific calculation. It’s miles considered a legitimate approximation is given modern-day instances.
In a few international locations, Muslim groups have minted their personal dinars and dirhams following the authentic requirements.
That cash is used each as a technique for a popular fee and especially to pay zakat. 365 days rule.
Zakat must be paid. An effort to be accountable for zakat a Muslim must own wealth in excess of the nisab degree for one lunar year (354 days). This year starts off evolved at the date the wealth is acquired.
Zakat Pay as Hat Cash
Hat cash is used each as a technique for a popular fee and especially to pay zakat.
365 days rule. Zakat must be paid. An effort to be accountable for zakat a Muslim must own wealth in excess of the nisab degree for one lunar yr (354 days). This year starts off evolved at the date the wealth is acquired.