How much is the Zakat due on $10,000 that has completed a full year (hawl), and how is the 2.5% of this amount calculated in dollars?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The minimum amount () on which is due for banknotes is the equivalent value of 85 grams of gold, or 595 grams of silver. The amount that must be given is one-quarter of one-tenth (2.5%). The mentioned amount reaches the nisab, and its zakat is obligatory if a full year (hawl) has passed on it. The amount that must be given is one-quarter of one-tenth ($250).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/104007
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- Ftawy
- Original fatwa ID
- 104007
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- . 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