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The question

How is the zakat threshold for trade goods calculated given the differing values of gold and silver?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Scholars differed concerning the valuation of trade goods. The majority held that they should be valued by what is most beneficial to the poor (i.e., by gold or silver, whichever reaches the nisab and is more advantageous for the poor). Some scholars were of the opinion that the valuation should be based on the currency with which they were purchased, or the predominant currency in the country. As for the Malikis, they considered the valuation of each type of good according to what it is most commonly sold for. The most preponderant opinion is that of the majority, which is to value them by what is most beneficial to the poor, and in this matter, that is valuation by silver.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
167981
Imported
Translation status
Source text, unreviewed
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