How is zakat assessed on money sent in a foreign currency if its exchange rate changed between the date of remittance and the date zakat became due, and is the exchange rate in the parallel market considered?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatory on wealth if it reaches the and a full year has passed on it. The nisab is estimated at the value of 85 grams of gold or 595 grams of silver. Zakat is to be given at a rate of a quarter of a tenth (2.5%) of the total amount, regardless of changes in the exchange rate. The most complete approach is to adopt what is most beneficial for 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/89697
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- Ftawy
- Original fatwa ID
- 89697
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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