Nisaab for Gold and Silver
The Nisaab (threshold) for gold is seven and a half Tola (88 grammes) and for silver it is fifty two and a half Tola (620 grammes). The Zakah for gold and silver is determined by it's weight and not it's value. For example, jewellery or utensils of gold is made but it's making makes the value of the gold more than 200 Dirhams (which may be the price of 7.5 tolas of gold).
The Nisaab (threshold) for gold is seven and a half Tola (88 grammes) and for silver it is fifty two and a half Tola (620 grammes). The Zakah for gold and silver is determined by it's weight and not it's value. For example, jewellery or utensils of gold is made but it's making makes the value of the gold more than 200 Dirhams (which may be the price of 7.5 tolas of gold).
Also nowadays the value of 7.5 tolas of gold makes many Nisaabs when compared
with the 52.5 tolas of silver and therefore the Nisaab will be calculated on
weight and not on the value.
In the same way by giving silver as Zakah for gold then the value will not be counted but the weight will be counted even if because of work and craftsmanship the value has increased. For example, if you had £700 worth of silver and you gave £25 for Zakah because although the jewellery was worth £700, it actually cost another £300, making the total £1000, then the Zakah would need only be £20 and the other £5 would be extra as the Zakah is given on the weight and not the total value.
In the same way by giving silver as Zakah for gold then the value will not be counted but the weight will be counted even if because of work and craftsmanship the value has increased. For example, if you had £700 worth of silver and you gave £25 for Zakah because although the jewellery was worth £700, it actually cost another £300, making the total £1000, then the Zakah would need only be £20 and the other £5 would be extra as the Zakah is given on the weight and not the total value.
2 When it is referring that the weight is taken into consideration and not the value then this is when the Zakah is being given for like to like product. Such as gold for gold or silver for silver and if another product is being given for another product, for example gold is being given as Zakah for silver or vice versa, then the value will be taken into consideration. [Radd-ul-Mohtar, Bahar].
How much Zakah should be given ?
1 When you have enough gold or silver that goes above the Nisaab then one fortieth is given, i.e. 2.5%. Whether it be in it's original form or in the form of coins or something has been made out of it (such as jewellery, utensils, watch etc.) then Zakah is necessary on it. For example if you have 88 grammes of gold then 2.25 grammes of Zakah is necessary or if you have 620 grammes of silver then 15.75 grammes of silver is necessary for Zakah [Durr-e-Mukhtar, Bahar etc.].
1 When you have enough gold or silver that goes above the Nisaab then one fortieth is given, i.e. 2.5%. Whether it be in it's original form or in the form of coins or something has been made out of it (such as jewellery, utensils, watch etc.) then Zakah is necessary on it. For example if you have 88 grammes of gold then 2.25 grammes of Zakah is necessary or if you have 620 grammes of silver then 15.75 grammes of silver is necessary for Zakah [Durr-e-Mukhtar, Bahar etc.].
2 Except for gold and silver you have other goods which are for business purposes then if the value of that adds to the same as the Nisaab for gold or silver then Zakah is necessary on that also, meaning the fortieth part of the goods is to be given for Zakah.
If you did not have enough goods that reached upto the Nisaab level but you also had some gold or silver then they should be combined together and then if the total adds up to the Nisaab level then Zakah is necessary.
The value of the goods should be calculated with the going currency of that county, for example in India the currency would be Rupees and for the UK it would be sterling. If gold or silver coins are used somewhere then it is upto you to use whichever coin you like.
However, if you use Rupees and the Nisaab does not complete but by using an Ashrafi the Nisaab completes or vice-versa, or by using one currency the Nisaab completes but with another currency there is more than one-fifth of the Nisaab left-over then use the currency that gives more Nisaab left-over meaning one fifth more and do not use the other currency that does not add up to the extra Nisaab [Durr-e-Mukhtar, Bahar].
Calculation for goods more than the Nisaab
1 If you have more goods than the Nisaab threshold and the extra is one fifth more then Zakah is necessary on this extra amount. For example, for silver after 620 grammes (which is the Nisaab), then you have to pay Zakah on every 124 grammes above the threshold as this is one fifth of the threshold and therefore an extra 3.15 grammes have to be given in Zakah.
1 If you have more goods than the Nisaab threshold and the extra is one fifth more then Zakah is necessary on this extra amount. For example, for silver after 620 grammes (which is the Nisaab), then you have to pay Zakah on every 124 grammes above the threshold as this is one fifth of the threshold and therefore an extra 3.15 grammes have to be given in Zakah.
In the same way for gold after the Nisaab of 88 grammes you have to pay Zakah
on every 17.6 grammes of gold which would mean an extra Zakah of 0.45 grammes.
If the extra did not amount to an additional fifth then Zakah is not applicable
on the extra amount, meaning if you had 105 grammes of gold then Zakah is only
payable on the Nisaab which is 88 grammes and the rest would not be payable
as it does not add up to one fifth and hence the Zakah on the extra 17 grammes
is not payable and the same applies to silver and other goods or money [Durr-e-Mukhtar,
Alamgiri, Qazi Khan].
2 If you had both gold and silver and they both add up to the Nisaab separately then you cannot add the amount together and give Zakah on the total amount (for example, you had 88 grammes of gold and 620 grammes of silver then you cannot add them both up to 708 grammes and then give Zakah on the amount as silver) but you have to give Zakah on them separately as separate items. Although if you wished you can pay the Zakah in one item (meaning if you wanted you could pay it all in gold) but you must pay it in the amount which would be better for the receiver and which is worth more.
3 If you have gold and silver but neither of them reach the threshold then calculate both of them and add them together and make either the gold Nisaab or the silver Nisaab. If then the Nisaab still does not complete then no Zakah is necessary.
If the silver is converted to the value of gold or the gold is converted to the value of silver and then when mixed the Nisaab is completed, then Zakah is necessary and if silver makes the Nisaab and the gold does not then Zakah is necessary on silver.
If both conversions make the Nisaab then it is upto you, to which you give Zakah for. However, if one conversion makes the Nisaab and exceeds another fifth of it then it is necessary to give Zakah on this conversion. For example, you had 300 grammes of silver and 60 grammes of gold, when you converted the gold value the Nisaab of silver completes but if you try it the other way then the Nisaab of gold does not complete, in which case it is necessary to give Zakah after converting it to the Nisaab value of silver.
If the Nisaab value reaches both but the silver reaches the value of 756 grammes of silver (Nisaab plus one fifth) and the gold does not reach 105.6 grammes, then it is necessary to give Zakah on the value of the silver. In the same way if you had many Nisaabs and none of the extra was individually reaching an extra fifth of the Nisaab, then add the extra amount of the Nisaabs together and then if it adds up to a fifth extra of one Nisaab then you have to give Zakah on this and if it does not reach to a fifth on any Nisaab then no Zakah is necessary on the extra amount [Durr-e-Mukhtar, Radd-ul-Mohtar, Bahar].
Zakah on Notes is also necessary
1 t is necessary to give Zakah on notes as this is the same as money [Bahar]. This means that Zakah is necessary on the amount equivalent to 620 grammes of silver or 88 grammes of gold or above as the same rules that apply to gold and silver will also apply here.
1 t is necessary to give Zakah on notes as this is the same as money [Bahar]. This means that Zakah is necessary on the amount equivalent to 620 grammes of silver or 88 grammes of gold or above as the same rules that apply to gold and silver will also apply here.
2 Zakah is necessary on business goods that have been available for a year and the condition is that the value of the goods are not less than 200 Dirhams at the start of the year [Alamgiri].
3 Pans that have been loaned out do not need Zakah paid on them and in the same way a house that has been rented out do not need Zakah paying on it [Alamgiri, Qazi Khan].
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