Zakaat Q&A (7/26)
Question
What is Nisāb?
Answer
The Nisāb is a threshold. One who possesses Zakātable assets equivalent to the Nisāb amount, will be regarded as a Nisāb holder and will have to check one lunar year later if he still possesses nisab amount to pay Zakāt.
Questions about this ruling, answered only from the archive with sources.
Where scholars differ, it’s safer to take the more cautious view.
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Source: Jamiatul Ulama KZN — https://jamiat.org.za/zakaat-qa-2/
Fatawa SA: https://fatawa.co.za/fatwa/jamiat-12564-7
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