Abdur Rahman ibn Yusuf Mangera – Simplified Zakat Guidance What is the Minimum Nisab (Quantum, Threshold)

Bismillah R Rahman r Rahim. So by now you would have maybe even paid

Zakat and you would know that Zakat is based on certain

minimums, that if you become owner of that minimum threshold, or

quantum, you can call it which we call nisab. In Arabic, then you

become what you would be considered a wealthy person, and

thus you have to pay zakat. And if you've got below that amount, that

nisab amount as such, then that means you could actually receive

the COC in certain cases. So anyway, the nisab for giving an

obligation of giving zakat is comes from to materials to

commodities. In the time of the Prophet sallallahu alayhi wa

sallam. The equations of both of these were exactly equal. So

that's why the Prophet sallallahu alayhi wa sallam in his time,

there's a God was given according to gold or silver, a certain

amount of gold, a certain amount of silver. I'm going to mention

some of these things too, just for the information. But what matters

to you? I'll explain as well. For silver, anybody in possession of

200 Durham's, these were 200 silver coins, right in those days

the coins were made of silver or gold. They were called dinars. The

gold ones were called dinars, the silver ones were called Durham's.

So if somebody was owner of 200, Durham's with no debts and so on,

then he would have to pay zakat of 1/40 of that 2.5%. Essentially,

for those who understand the Tala, right so lots of people understand

that dollar 200 Durham's is essentially 52 point $5 of silver.

Right. Many women actually know how much silver they have, I've

got $5 or silver $20 of silver, right.

In terms of gold, gold was 20 dinars, right, so it was

one to one to 10. Durham's, one gold piece, they were valued a lot

more, but 20 dinars was equivalent to 200 Dina Durham's in the time

in the time of the Prophet sallallahu sallam. 20 dinars is

seven and half dollar. And many, many women, especially the

subcontinent places, they know exactly how many dollars of gold

I've got, I've got $5, I've got $10. And they will know. So if

you've got more than 7.5 dollars, you have to pay is a cut. Right?

Now in terms of modern grammage, I'll just give you that if you

want to take a pen and write that down. You can, but we have lots of

calculators nowadays anyway, that make life easier. But the silver

nisab in grams, right? 52 point $5 or 200 grams is approximately 612

point 35 grams. So that's over half a kilogram 612 point 35 grams

of silver, and the gold one is only at 7.479 grams approximately.

Right? That's according to one calculation 87.479 grams, so less

than 100 grams of gold is that hisab. And today, currently, as we

speak in this COVID times that's valued at over 4000 pounds two

years ago is only 2000 pounds, that value is double shot up,

right. So now the idea here is if you've if you've got any of these

you pay Zakat, and earlier on both of these were exactly equal 200

Silver 20 dinners were exactly equal. However, over the

centuries, Silver's become very cheap, gold's kind of probably

maintain its price for Silver's become very cheap. So today, the

nisab of silver the value that it was 23457 10 years ago, but

250 300 pounds, still the same, just a bit of fluctuation. But

gold has gone from, like 1800 pounds. I mean, don't quote me on

this, but from 1800 pounds to about four and a half 1000 pounds.

For that same amount of 20 dinars worth, gold fluctuates usually,

and it's totally separated from silver now in that sense. So now,

the simple rule here is that if you've got only gold, then you

will only look at the gold nisab which is as we said, at 7.479

grams of gold or seven half dollars. If you've got that much

you pay zakat, if you don't have that much you do not pay zakat, as

if you only have golden no cash nothing, no silver. If you've only

got silver, then you only look at the silver nice, simple right

which is going to be low threshold value. However, if you've got

gold and silver, then you have to go buy the low one, which is the

silver one. So even if you've got less than the nisab of gold,

you've only got $5 of gold, only 50 grams of gold or 10 grams of

gold if you only had that urine paysafecard but because you got

some silver and now if the value of that together goes above the

silver value of 250 300 pounds, you will pay zakat. Likewise if

you've got gold and a bit of cash,

right so the goal you have is less than an ESA but you've got cash,

right then again you have to go buy silver because most likely

you're gonna go over silver.

So that's that is basic

Little nisab generally these days, there's lots of websites that

provide the calculation of this, right with the gold rates of the

time. But if you want, you can check a gold rate calculator and

you can figure this out for yourself. Of course in the market,

you get different gold late rates if you've got a ring made of gold

or silver or whatever, and you want to find out the rate. So if

you look at the spot, gold commodity rate is going to be one

rate, if you call up

jewelers, right? High Street jewelers, you call up some other

ethnic jewelers, they're going to give you different rates, so that

you can go with basically either a spot rate, or you can go with any

rate, you can get maybe two or three different rates and go with

the, you know, the average of that, again, just on the side of

caution, and as I've mentioned also with gold or silver, it has

to be dominantly gold, so more than 50% Gold, that means

1820 2423 karat gold, not less than not less than 12 carats,

because that would be considered something else, even though it's

got a bit of gold in there, but it's mixed up. Also another thing

is while we're at it, no other precious metal has the cat on it.

Platinum is more expensive than gold. There's no the golden

platinum, right? Unless you've got it for business commodity

purposes, you bought it to sell. Likewise, there's a concept of

white gold and yellow gold and which yellow is it? That's what it

is. There's white gold, and there's silver gold doesn't mean

that's if that's pure gold, but just coated, then that would be

considered gold. Gold Plating is not considered gold. That's just a

very minor amount of gold on it. But if it's gold, but it's white

gold would actually coat it and it's not platinum, then that would

be the cuttable platinum would not be right. And while we're at it,

precious stones, it doesn't matter whether it's the most expensive

diamonds in the world, right are rubies or emeralds or lapis

lazuli. Do you know what sapphires are? Whatever it is, right, none

of those in the Hanafi madhhab has occurred because there's a hadith

that we go by which says that there is no zakat in hijab in a

stone. Just treat the stones, right? Maybe in other muda hip

they have zakat on on valuable on valuable gems and stones but in

the Hanafy method they don't. So you don't have to pay zakat on

that. Remember, this is as long as it's not for business, if those

stones you're buying and selling stones, precious stones, they will

be on the value of that. But gold and silver even if you wear it and

it's not for business, you still pay is the golden golden silver.

So now in sha Allah, this whole concept of nisab and quantum and

threshold is now clear for you and you can shall measure your assets

accordingly. And may Allah subhanaw taala bless us and allow

us to thank Allah for all the good that he has given us and pale

zakat, welcome to that one and then hamdu Lillahi Rabbil Alameen