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What should I make my Nisab, And from which date should I check it?

Answered as per Hanafi Fiqh by Jamia Binoria

Last year, the government had announced that the Nisab of Zakat in Rs.46,000. Based upon this, I had owned the value of the Nisab in the month of Safar. This year, the Nisab was set as Rs.80,900. What should I make my Nisab? And from which date should I check it?

الجواب حامدا و مصلیا

The questioner became Sahib-e-Nisab from the day he possessed the amount that equates to the value of 52.5 tola of silver. But since in order to pay Zakat one must possess the value of the Nisab for an entire year, if at the end of the year the questioner does not possess this value, he will not be responsible for giving Zakat.

This Q&A was indexed from the official english fatwa portal of Jamia Binoria. It is an Islamic educational institute in Karachi, Pakistan.

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