Mufti Online — Madrasah Ta'leemuddeen

Will the nisaab of gold apply as cash is an alternate to gold in banks?

Published as Zakaat on cash

· 2 Muharram 1440 AH1 min readEnglish

Question

My question is about nisaab of zakaat on cash only.

I do not have any thing like gold or silver but just some cash. Please tell me on how much cash will I be liable to pay zakat. Will the nisaab of gold apply as cash is an alternate to gold in banks?

Answer

After deducting all debts and liabilities, on your zakaat date, if your wealth reaches the nisaab amount or is more than the nisaab amount, then zakaat is compulsory upon you.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/26270
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-26270

People also ask

Is zakaat payable on savings and cash?

“Yes, it is permissible for you to help her pay her rent with zakaat money. You can either give her the money to pay it herself or you can pay it on her behalf. In this case where you pay it directly on her behalf, you should…”

Mufti Online · 206 fatawa from 6 Darul Iftas on this

What the Darul Iftas say

Related fatawa