Is the official exchange rate of the dollar or the parallel market rate used when determining the Sharia threshold (nisab) for Zakat, especially given the significant difference between the two rates?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It must be noted that the threshold () is equivalent to 595 grams of silver, or approximately 85 grams of gold. The lower of the two is considered, because it is more beneficial for the poor and absolves the giver (muzakki) of their obligation more completely. So, if you own an amount equivalent to the nisab of silver, zakat becomes obligatory upon you, and there is no need to consider gold and its fluctuating prices.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/163199
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- Ftawy
- Original fatwa ID
- 163199
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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