How is Zakat on money calculated, and what are its legitimate recipients? What is the ruling on one who issued a fatwa that the Zakat threshold (nisab) is 1800 Egyptian pounds based on silver, not gold, due to the high price of gold?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatory on banknotes if their value reaches the of gold (85 grams) or silver (595 grams), and a full year (hawl) has passed on them. For example, if a person has 1800 Egyptian Pounds that equal the nisab of silver, and a full year has passed on them, then Zakat becomes obligatory upon him.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/81313
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 81313
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy