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The question

How is the Zakat nisab calculated for money saved from the monthly salary, and how is the Zakat to be paid when the amount is converted to another currency?

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

Zakat becomes obligatory on wealth when it reaches the nisab, which is equivalent to 85 grams of gold or 595 grams of silver, and a hawl (full lunar year) has passed on it. It is not a condition that the zakat be paid in Ramadan. It is permissible to pay zakat in another currency if that is more beneficial for the poor. Zakat should not be transferred from the country where the wealth is located unless there are no eligible recipients or it is difficult to reach them.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
102471
Imported
Translation status
Source text, unreviewed
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