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Questions tagged [nisab]

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3 votes
1 answer
1k views

I have a bank loan, a monthly salary, and no savings from my salary. Do I need to pay zakat?

I live and work out of my home country as an expat. I somehow got a bank loan last year which is equivalent of my country currency 3500000. Every month, I'm paying installment as 90000 (equivalent ...
Kazi Anowar's user avatar
2 votes
1 answer
706 views

What is the amount of nisab for Zakah?

What does nisab mean? What is the amount of nisab, how a persone calculate his Zakah ?
Live.sama's user avatar
2 votes
1 answer
4k views

How do I account for debt when I calculate Zakat?

I have read this question but it did not help me. I have two bank accounts. One for savings (wherein I periodically pay off any interest incurred), and another for my current money. I have an ...
PracticingFerret's user avatar
2 votes
2 answers
14k views

How exactly do you work out how much zakat you have to give on the gold you own?

How exactly do you work out how much zakat you have to give on the gold you own? I understand that you work out the nisab value, and if you have more gold than that, you give 2.5% of the value of the ...
oshirowanen's user avatar
  • 2,401
1 vote
1 answer
221 views

After recently starting to earn a salary, when do I need to pay zakat?

I have few doubts in mind regarding Zakat. 1) I have started earning Salary since February 2017 and it's Ramadan now, so I need to know when do I need to pay Zakat for the salary which is getting ...
mohammed's user avatar
1 vote
0 answers
71 views

Hadith about Nisab corresponding to Yearly Living Cost [closed]

In the book titled "Contemporary Zakat" by Mahmoud Abu-Saud, he quotes a Hadith which I'm rephrasing here: "The Prophet Muhammad (SAW) order a Zakat Collector by the name of Abu Hathama ...
Samama Fahim's user avatar
1 vote
1 answer
331 views

Is zakat applicable if savings drop below nisab at some point in the lunar year?

My savings dropped below nisab value at some point in the past lunar year. So, is zakat still obligatory on me?
Farrukh Chishti's user avatar