Conditions that make Zakah Obligatory
- 11,259
She has children who minors and they have money in the bank – does she have to pay zakaah on it?
- 39,986
It is obligatory to pay zakaah on the wealth of minors and the insane
What Is the Nisab on Paper Money?
1- The nisab for dollars or other currencies is whatever is equivalent to the value of 20 mithqals of gold or 140 mithqals of silver at the time when the zakah is owed. 2- The nisab for silver is roughly equivalent to 595 grams of silver, so the one who has wealth has to pay 2.5% or 25 out of every 1,000 that he has in currency, after one year has passed.81,153