How is the Zakat calculated for a sum of money, a portion of which was converted to another currency, then a portion of the second currency was re-converted to the original currency, with a differing exchange rate?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The criterion for the of current money is to compare it to unwrought gold or silver. If the amount equals or exceeds the zakat threshold (85 grams of gold), and a year has passed on it, then zakat is obligatory on it. However, if it is less than that, then no zakat is due. Zakat is to be paid from the money itself.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/55039
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- Ftawy
- Original fatwa ID
- 55039
- 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