Question
I have 77 gm gold, 110 gm silver and $300 in cash. None of these items equals the Zakaat Nisaab value. What is the position of Zakaat for me?
Answer
The Zakaat Nisaab of gold is 87.48 grams. The Zakaat Nisaab of silver is 612 grams. If the combined value of the gold, silver and cash equals Nisaab or more, then Zakaat is obligatory. Thus, even though your gold, silver and cash are individually less than Nisaab, their combined value is more than Nisaab, hence Zakaat is payable.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 19 No 07
- PDF page
- 4
Appears under HBZ BANK.