How is the value of the dollar determined when paying Zakat, given the multiplicity of exchange rates (official, banking, and parallel market), knowing that the dollar is only available in the parallel market?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatory on paper currency if its value reaches the lower of the two thresholds (nisabs) for gold or silver, which is equivalent to 595 grams of silver. It is permissible to pay Zakat using the same currency or its equivalent in another circulating currency. If the exchange rate varies, it should be estimated at the highest possible rate, out of consideration for the rights of the poor.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/13000
Where this answer came from
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- Ftawy
- Original fatwa ID
- 13000
- 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