How do you calculate the Nisab for Zakat, do we have to use Gold Prices or Silver? Can you give me the Gold Nisab in Ounces…
Jazakallah,
Answer:
For the calculation of Nisaab for Zakaat, the gold or silver standard may be used. The Nisaab for Zakaat is 2.8125 troy ounces in gold or 19.6875 troy ounces in silver.
and Allah Ta’ala Knows Best
Mufti Ebrahim Desai