Is Zakat obligatory on both banknotes and trade goods, or on banknotes only?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The (threshold) for on papers and currencies is equivalent to the value of 85 grams of gold or 595 grams of silver. It is preferable to use the silver nisab because it is lower in value. The obligatory amount of Zakat is a quarter of a tenth (2.5%) after the completion of a hawl (one lunar year). If the goods are for trade, their value is appraised and added to the cash, and all of it is subject to Zakat. However, if they are for personal use, there is no Zakat on them, and Zakat is only due on the cash.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/138090
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 138090
- 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