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"Zakah for Humanity: Give Hope this Ramadan"

What Zakah is?

اِنَّمَا الصَّدَقٰتُ لِلْفُقَرَآءِ وَالْمَسٰكِیْنِ وَالْعٰمِلِیْنَ عَلَیْهَا وَالْمُؤَلَّفَةِ قُلُوْبُهُمْ وَفِی الرِّقَابِ وَالْغٰرِمِیْنَ وَفِیْ سَبِیْلِ اللّٰهِ وَابْنِ السَّبِیْلِ ؕ فَرِیْضَةً مِّنَ اللّٰهِ ؕ وَاللّٰهُ عَلِیْمٌ حَكِیْمٌ ۟

The Sadaqāt (prescribed alms) are (meant) only to be given to the poor, the needy, to those employed to collect them, to those whose hearts are to be won, in the cause of the slaves and those encumbered with debt, in the way of Allah and to a wayfarer. This is an obligation prescribed by Allah. Allah is All-Knowing, Wise.[9:60] — Mufti Muhammad Taqi Usmani

What is Nisab?

Nisab is the minimum wealth threshold that, when reached, obligates Muslims to pay Zakah, a mandatory form of charitable giving in Islam.

Nisab is the minimum threshold of wealth in Islam, determining the obligation for Zakah, a mandatory form of charitable giving. Calculated based on the value of gold or silver, it signifies the minimum assets a Muslim must possess for Zakah to apply.   

Gold (85g)​

Price/g: $127.0

Nisab: $10,795.9

 
 

Silver (595g)

Price/g: $1.5

Nisab: $905.2

(Last Price Updated on 10 Oct 2024)

Source: GoldAPI.io

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