How is the nisab for zakat on money calculated, given the fluctuation in gold prices throughout the year? Is it by considering the highest prevailing price for most of the year, or by the price at the end of the year when the hawl is due?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
A Muslim pays 2.5% of his zakatable assets if they reach the . This amount does not change with the fluctuation in the value of gold, unless the payer wishes to give gold itself as zakat. However, if the assets do not reach the nisab except through certain valuations, then the considered value is the value of gold at the time of paying zakat. The criterion for reaching the nisab is based on the value of gold or silver, whichever makes the wealth reach the nisab.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/83825
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- Ftawy
- Original fatwa ID
- 83825
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- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy