Question
How is the Zakaat Nisaab calculated?
Answer
The Zakaat Nisaab is the price of
612 grams of silver. When a person owns this amount or more then he has to pay Zakaat on all his Zakaat assets which are gold, silver, cash and stock-in-trade. He may deduct debts he owes from his Zakaat assets.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 22 No 03
- PDF page
- 5
Appears under Questions and Answers (approximate).