Where and how to give Zakat?
- Thread starter Hannah123
- Start date
Happy 2BA Muslim
Islamophilic
Assalamu alaikum Sister,
Nisaab ul-Zakat for naqd (gold and silver) is defined as the minimum amount of naqd specified by shari’a below which one is not required to pay zakat, whereas if one’s wealth exceeds it then zakat becomes incumbent(In the United States the nisab is approximately $1,000).
And it is known that zakat ul-maal (wealth) in shari’a is required for the two types of naqd—gold and silver—and what serves their function in modern times (commonly referred to as cash), whether it is dollars or riyals or pounds or otherwise.
Nisaab for gold as our Prophet (peace be upon him) has informed us (and for currencies made from gold) is 20 mithqaalan, a measure which is equivalent to 85 grams of pure gold (1 mithqaal = 4.25 grams). It becomes incumbent upon anyone who owns such an amount in any form to pay zakat on it in the amount of 2.5%.
Nisaab for silver and currencies made from silver is 200 dirhams, which is equivalent to 595 grams of pure silver (1 dirham = 2.975 grams). Likewise, it becomes incumbent upon anyone who owns such an amount in any form to pay zakat on it in the amount of 2.5%.
It is well known that there is a noticeable disparity between the value of nisaab for gold and that of silver in our times. The best and most conservative for a poor person is to assess how many dollars he has that have been in his possession for a complete lunar year (Hijri, which is 354 days). If the amount reaches the value of nisaab for silver or more, then he should pay from it for every 1000 dollars, 25 dollars (i.e., 2.5%) to be spent in the prescribed benficiaries as specified by shari’ah, and we ask Allah to aid us and help us succeed in haqq il-maal.
Note you can find the current price of gold and silver via the internet.
Islam Q&A
Regarding where to pay your zakat, you can go to your nearest mosque, or if you know of a muslim association, they usual accept taking the zakat money and will distribute it for you.
Nisaab ul-Zakat for naqd (gold and silver) is defined as the minimum amount of naqd specified by shari’a below which one is not required to pay zakat, whereas if one’s wealth exceeds it then zakat becomes incumbent(In the United States the nisab is approximately $1,000).
And it is known that zakat ul-maal (wealth) in shari’a is required for the two types of naqd—gold and silver—and what serves their function in modern times (commonly referred to as cash), whether it is dollars or riyals or pounds or otherwise.
Nisaab for gold as our Prophet (peace be upon him) has informed us (and for currencies made from gold) is 20 mithqaalan, a measure which is equivalent to 85 grams of pure gold (1 mithqaal = 4.25 grams). It becomes incumbent upon anyone who owns such an amount in any form to pay zakat on it in the amount of 2.5%.
Nisaab for silver and currencies made from silver is 200 dirhams, which is equivalent to 595 grams of pure silver (1 dirham = 2.975 grams). Likewise, it becomes incumbent upon anyone who owns such an amount in any form to pay zakat on it in the amount of 2.5%.
It is well known that there is a noticeable disparity between the value of nisaab for gold and that of silver in our times. The best and most conservative for a poor person is to assess how many dollars he has that have been in his possession for a complete lunar year (Hijri, which is 354 days). If the amount reaches the value of nisaab for silver or more, then he should pay from it for every 1000 dollars, 25 dollars (i.e., 2.5%) to be spent in the prescribed benficiaries as specified by shari’ah, and we ask Allah to aid us and help us succeed in haqq il-maal.
Note you can find the current price of gold and silver via the internet.
Islam Q&A
Regarding where to pay your zakat, you can go to your nearest mosque, or if you know of a muslim association, they usual accept taking the zakat money and will distribute it for you.
basheerpkm
trying to be Mu'min
Zakat calculator
Dear Sister,
Assalamualikkum,
I have 'Microsoft Excel Function' for calculating Zakat amount named as "Zakat calculator".
Here it is impossible to attach excel i.e. no option for Excel attachment.
So, if you/anybody need, send mail ID to me; so I can send it into your mail box.
Wassalam,
Your brother in Islam
Dear Sister,
Assalamualikkum,
I have 'Microsoft Excel Function' for calculating Zakat amount named as "Zakat calculator".
Here it is impossible to attach excel i.e. no option for Excel attachment.
So, if you/anybody need, send mail ID to me; so I can send it into your mail box.
Wassalam,
Your brother in Islam