Nisab of Zakah : Nisab and other matters of Zakah

Fatawa Question

Salam, How much is the Nisab that should last for one year ? The 2.5 % is it from the Nisab amount or only from the rest above the Nisab ? Or from the whole money ? If the nisab is 1000 $ which means ca. 800€, and I had 800€ that last for the whole year, 2.5 % of the 800 € or 2.5 % from the 300 € I have over the 800 € ? Or 2.5 % of the 1100 that I have now ? What if I have more than 1600 € (2 x Nisabs), do I calculate only on the first 800 € ? Wassalam !

Fatwa

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Publication Date

2007-03-20

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-785874

American Psychological Association (APA)

Qahf, Mundhir. 2007-03-20. Nisab of Zakah : Nisab and other matters of Zakah. .
https://search.emarefa.net/detail/BIM-785874

Modern Language Association (MLA)

Qahf, Mundhir. Nisab of Zakah : Nisab and other matters of Zakah. 2007-03-20.
https://search.emarefa.net/detail/BIM-785874

American Medical Association (AMA)

Qahf, Mundhir. 2007-03-20. Nisab of Zakah : Nisab and other matters of Zakah.
https://search.emarefa.net/detail/BIM-785874