Which Nisab Value (Gold vs Silver) Does One Use For Zakat?

Answered by Shaykh Faraz Rabbani

Question: I would like your help in deciding which nisab value (gold or silver) to use when determining:

A) If one is eligible to pay zakat.
B) If someone is eligible to receive zakat.

Answer: Assalamu alaikum wa rahmatullah,

I pray this finds you in the best of health and states.

My understanding is that, due to the very low value of silver, the gold value is used in both scenarios: obligation to give, and eligibility to receive.

And Allah knows best.
wassalam
Faraz

Checked & Approved by Faraz Rabbani