Fatwa ID: 06292
Answered by: Alimah Aabedah Khatun
Question:
Regarding Zakah, can you choose which Nisaab you take? Silver is at the Moment about 500 Euro and Gold nearly 5000 Euro. So can someone say: I would rather take the Nisab of Gold (in order not to pay)?
In the name of Allah, the Most Gracious, the Most Merciful
Answer:
Zakat is mainly given according to silver, the reason why is because the threshold is lower and it is more beneficial to the people in need. However much you earn (if it is over the nisab amount and you’ve possessed it for a year) you give 2.5% of the wealth for zakat.
The nisab in euros is 426.21 Euros.
Zakat is an obligation from Allah, so, therefore, if you have reached the nisab then it is important that you give the zakat.
و أما صفتها فهي فريضة محكمة يكفر جاحدها (Fatawa Hindiyyah – volume 1 – page 188 – Darul Kutub Ilmiyah)
Only Allah knows best
Written by Alimah Aabedah Khatun
Checked and approved by Mufti Mohammed Tosir Miah
Darul Ifta Birmingham
