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Topic: Nisab

	[Islam-Online-OnlineFatwa]
		The nisab that is estimated by gold is valued at 20 mithqaal (measures of gold).
		The nisab that is estimated by silver is valued at 200 dirham.
		The silver nisab is very small and should not be considered because the one who possesses 50 riyal is not considered wealthy.
	www.islamonline.net /iol-English/info/fatwa/fatwa-10.asp (567 words)

	Zakat-I
		Nisab is the amount of wealth remaining after meeting all expenses for such vital necessities as food, clothes, housing, and a mount.
		If, according to the place or the general standard of living of the people in a particular place, one has banknotes, merchandise, or other kinds of increasing income or capital whose value is equal to any of the standard values given, he or she must pay zakat.
		The nisab for gold is 20 dinars (approximately 90 grams) and for silver is 200 dirhams (approximately 600 grams), both being owned for one year.
	www.thewaytotruth.org /pillars/zakat1.htm (3557 words)

	Zakat
		If the base exceeds the nisab, multiply it by 2.5% (0.025) if the haul is based on the Islamic year or 2.5775% (0.025775) if it is based on the solar year.
		If the base exceeds the nisab, multiply it by 2.5% (0.025) if the haul is based on the Islamic Hijri year or 2.5775% (0.025775) if it is based on the solar year.
		If the price exceeds the nisab, multiply the zakah base by 2.5% (0.025) if the haul is based on the Islamic Hijri year or 2.5775% (0.025775) if it is based on the solar year.
	www.missionislam.com /ramadan/zakat.htm (2399 words)

	fiqhch2
		Nisab is the minimum limit of wealth or property on which Zakat becomes payable ; the person having that much of property is called Sahib (possessor of) Nisab.
		For instance, if the Nisab is educed and the rate enhanced, the affected people will not practise Zakat willingly, as an act of worship should be, but will pay it as a penalty as a tax, and will even try to evade it on one pretext or the other.
		The Nisab for trade goods, currency notes and coins is the same as for gold and silver, and Zakat is to be paid on the basis of the Nisab for gold and silver.
	muslim-canada.org /fiqhch2.html (2920 words)

	zakat2.
		The nisab is calculated on the basis of the amount of actual fruit or seed harvested but the zakat should be paid in oil after pressing has taken place.
		Records of the respective weights of the silver dirham and the gold dinar have been kept from the earliest times and it is known that a dirham weighed the equivalent of 2.965 grammes and a dinar the equivalent of 4.235 grammes on the basis of a ratio of seven dinars to ten dirhams.
		This means that the nisab in terms of silver is 593 grammes or 20.92 ounces and in terms of gold it is 84.7 grammes or 2.99 ounces.
	ourworld.compuserve.com /homepages/ABewley/zakat2.html (5262 words)

	Zakat_Ul_Mall_org_faq's
		The one who believe in the Five Pillars of Islam and believe that Zakah is the 3rd Pillar of Islam and a mandatory act of worship relating to their wealth, which is in excess of their basic needs, in order to render thanks for His bounty.
		H. Nisab assets must be of growing nature and value; such as, property intended for trade or business, gold, Sterling silver, ranch operation and so on.
		Nisab is ownership of at least 40 goats, sheep and other like animals, 30 cows and other like animals and 5 camels and other like animals.
	www.zakatulmal.com /faq's_about_zakat.htm (2714 words)

	zakat (Site not responding. Last check: 2007-10-11)
		nisab, was among the most difficult to clarify, owing to the multiple changes between the units of measurement mentioned in the hadiths and those used nowadays.
		nisab, the minimum amount of wealth levied by zakat, for instance, according to Tabbarah (1978) it is 77.6 grams of gold.
		nisab for cash, precious metals, and trade articles is consequently 109,182 yen (1,174 multiplied by 93) or 12,124 yen (19.43 yen multiplied by 624), depending on which metal is selected.
	www.sma-igs.net /zakat.htm (8295 words)

	MuslimAccess - Fiqh-us-Sunnah
		When a person has a nisab of camels, cattle, and lambs, and they give birth during the same year, zakah is due on both the original number and their offsprings at the end of the year.
		In the former case, the admissibility of nisab is not a prior condition.
		On the contrary, if he did not have the nisab, or the holdings were not in his possession, or they were to be purchased and he could not, then this does not constitute an act of negligence.
	www.muslimaccess.com /sunnah/fiqh/3b.htm (8101 words)

	Contemporary Fatawa (Site not responding. Last check: 2007-10-11)
		The principle is that the valuation date, for the purpose of zakah, is the day on which the person acquires the amount of nisab for the first time.
		For example, Mr.A became Sahib-e- Nisab for the first time on the 1st of Muharram in 1408 A.H. Now, he shall calculate his zakah on the 1st of Muharram in 1409 A.H. if he is still Sahib-e-Nisab on the that date.
		However, if he acquires the nisab once again on the first of Rabi'ul-Awwal, 1411, and remains as such on the first of Rabi' ul-Awwal 1412, which will be his new valuation date.
	ulamaa.org /financialchange.htm (433 words)

	Amana Mutual Funds Trust (Site not responding. Last check: 2007-10-11)
		According to Abu Saud, the basic definition of Nisab is “that amount which is sufficient to sustain the minimum average family for one year.” Such limit of “sufficiency” parallels the definition of “poverty” in the United States.
		Nisab may be thought of as an amount equal to the essential needs of a person or family for one year.
		Zakah is the right of the poor in the wealth of the rich, a right decided by the true Owner and Giver of wealth-Allah, and imposed on those who have been given control of that wealth by Him, the Almighty.
	www.amanafunds.com /znisab.htm (370 words)

	Zakat information sheet
		The Nisab proportion is subtracted from each category and the result is to be multiplied by the related rate, 2.5% or 10%.
		You have to have the Nisab at the beginning and end of the year (say last Ramadan and this Ramadan) and you have the intention of buying and selling the merchandise not owning it.
		If this is the case, then you evaluate the merchandise you have this year and you pay 2.5% on that value after deducting the business expenses such as rent of the place and maintenance of the merchandise.
	www.islamcc.org /zakkatbalancesheet.htm (1802 words)

	Zakat (Site not responding. Last check: 2007-10-11)
		Zakat is obligatory on trade goods, whatever they may be, if their value reaches the nisab of gold or silver; one assesses it based on whichever of the two is more beneficial for the poor and destitute.
		If the nisab is complete at teh two ends of the [lunar] year, then its dropping in between that does not waive the zakat.
		It is disliked to transfer zakat from one land to another; rather the alms of each people should be distributed amongst them, unless a person transfers it it to his relatives, or to a people who are more in need than the people of his land.
	webpages.marshall.edu /~laher1/zakatQ.html (1265 words)

	Ummah.com - View Single Post - Statistics on the State of the Muslims
		The nisab (or minimum amount) of gold and golden currency is 20 mithqal, this is approximately 85 grams of pure gold.
		The nisab of silver and silver currency is 200 dirhams, which is approximately 595 grams of pure silver.
		The nisab of other kinds of money and currency is to be scaled to that of gold, 85 grams of pure gold.
	www.ummah.net /forum/showpost.php?p=387950&postcount=6 (627 words)

	:: \|\| :: Zakat - the most neglected duty? :: \|\| ::
		It is a compulsory obligation on every Muslim who owns the Nisab (an amount set by Allah Subhanahu wa Ta'ala and His Messenger (Sallallahu 'Alayhi waSalam)) in their wealth which was in his possession for one full year.
		Nisab is the limit above which it is compulsory to pay Zakah.
		The Nisab on Gold, Silver and Currencies is the value 85 grams of gold or 595 grams of silver valued at the current rate (the day of paying Zakah).
	www.geocities.com /mutmainaa/food/neglecting_zakat.html (546 words)

	Trench & Associates: In the News
		If the value of (m) is lower than the sum of the values from (a) to (j), you are still liable to pay Zakat but only on the residual amount if it is equal to or exceeds $1,020.
		As regards (k), the Zakat rate on cultivated land is five per cent whereas it is 10 per cent on non-cultivated land, such as on the produce from an orchard.
		For minerals (l), the Zakat is 20 per cent on the commercial value of elements explored during the last one lunar year, irrespective of the holding period and Nisab.
	www.trenchlaw.com /w_article/article_vew.asp?articleid=466 (758 words)

	RisZak26.
		So he states that the nisab in the year is 747 mudds with the mudd of the Prophet.
		The precondition is the grain reaching the nisab, as was clearly stated by the Shaykh.
		If it is less than the nisab or was by barter, even private property which he then he sells and uses to buy those goods for the sake of trade.
	ourworld.compuserve.com /homepages/ABewley/Page44.html (6323 words)

	Islamic Voice
		According to Shafie the passage of one lunar year is a must on the wealth (Nisab) (in Hanbali almost a year).
		Nisab: Zakat is paid on the surplus of wealth which is left over after the passage of a year(Lunar Year).
		The Nisab for cash is the same as that of gold and silver.
	www.islamicvoice.com /december.98/zakat.htm (4790 words)

	Trench & Associates: In the News
		The Nisab of other kinds of investment, money and currency should be compared to the current market price of 85 grams of pure gold or 595 grams of pure silver.
		For ease of understanding, the Nisab of cash on the day of the payment of Zakat is equivalent of the prevalent price of 85 grams of 999 quality pure gold.
		If a person genuinely loses the status of Nisab before the anniversary, he is not liable to pay Zakat.
	www.trenchlaw.com /w_article/article_vew.asp?ArticleID=419&Print=1 (1163 words)

	Volume 3
		The principle of attaining a nisab on any property is based on the understanding that a nisab is an amount large enough to be subjected to zakah.
		Thus, a nisab is fifty kaylah (kaylah is a dry measure of weight, in Egypt it is equal to 16.72 L).
		One whose possessions reach a nisab but are still insufficient for his needs, due to the size of his family or the high cost of living, will be considered well-off and subject to zakah.
	www.masmn.org /documents/Books/Syed_Sabiq/Fiqh_us_Sunnah/003.htm (20128 words)

	Revision of Zakat Rates (Site not responding. Last check: 2007-10-11)
		And also the nisab (85 grams gold or 595 grams silver) is also not a fixed amount till the Day of Judgment; it can also vary according to the need of the time.
		This definition of nisab makes almost everyone in Pakistan 'rich' which means that zakat can only be paid to the government and not to any individual (as a sahib-i- nisab can not receive zakat money).
		Also, the actual yardstick in calculating the nisab is silver and not gold or both as is generally held.
	www.renaissance.com.pk /marq99.html (868 words)

	Islam Basics Library : Free English Islamic books Online
		In such a case, any amountshe receives should be added to the nisab, and zakah should be paid at the endof a year of possession.
		This meansthat the form of the nisab can alternate between value in the form of cash andthat which is valued in the form of merchandise.
		One who possesses merchandise with a nisab for a year should pay zakah onit, the amount of which is a quarter of a tenth of its value.
	www.islambasics.com /view.php?bkID=20&chapter=41 (2723 words)

	Ummah.com - problems with zakat!
		In such a case, any amount she receives should be added to the nisab, and zakah should be paid at the end of a year of possession.
		This means that the form of the nisab can alternate between value in the form of cash and that which is valued in the form of merchandise.
		One who possesses merchandise with a nisab for a year should pay zakah on it, the amount of which is a quarter of a tenth of its value.
	www.ummah.net /forum/printthread.php?t=49988&page=2&pp=20 (8213 words)

	Zakat Q & A - Zakat Center
		The Nisab of merchandise is an amount whose value equals eighty-five grams of gold.
		According to the Hanafi and Maliki juristic schools, the Nisab is calculated at the beginning and end of the year.
		Any increase of property after reaching the Nisab during the year is to be included in the total sum counted for Zakat.
	www.thezakat.org /Zakat-QA.aspx (1658 words)

	IslamAwareness.com
		The rate of Zakat and the amount of Nisab can be decided by the Islamic State taking into consideration the prevailing standard of living and the risks and uncertainties of different modes of productions.
		It should be kept in mind that these rates of Zakat are the minimum rates and the Muslims have been urged by Allah and the Prophet time and again to pay as much as they can after providing for their legitimate needs.
		Thus the rate of Zakat and the amount of Nisab is dynamic with a given minimum, but the maximum amount is left to the Ijma of Ummah.
	www.angelfire.com /ab3/preib/zakaat.htm (972 words)

	Beliefnet.com (Site not responding. Last check: 2007-10-11)
		Nisab means the minimum amount of money below which one does not have to pay Zakat.
		If Nisab accumulates for one lunar year then one has to pay 2.5% of the total amount to the poor and needy or other categories mentioned in the Qur'an.
		According to MUIS's index page, the Nisab is currently S$2,069 (which, as of today, translates into US$1,219.86, C$1,630.58, and Euro 971.30).
	www.beliefnet.com /study_groups/studygroup_message_list.asp?studyGroupID=5819&discussionID=331881 (499 words)

	Zakaah: 2.5% of what?! - LI Islamic Forum
		Or put another way, nisab is minimum amount of wealth that one must possess before the Zakaah becomes obligatory.
		The nisab of gold is 85 grams, the nisab of silver is 595 grams and the nisab on currency is the equivalent of 85 grams of gold.
		The nisab (value of 85 grams of gold) on 3 December 2002 was £600.
	www.islamicboard.com /general-chat/4700-zakaah-2-5-what.html (1478 words)

	ZAKAT CALCULATION GUIDE 1996/1416
		Nisab: The Nisab for cash is the equivalent of 3 oz.
		Nisab: The Nisab for Gold is 3 oz.
		Nisab : It is the same as Cash and Gold.
	www.khayma.com /uzkurallah/English2/zakat.htm (796 words)

	[No title]
		Nisab is the minimum amount of money, property and other wealth which is subject to Zakat.
		The Nisab is 20 dinars of gold (each dinar is 4.25 grams), which is equivalent to $1124 or £750 (based on recent market gold prices).
		Once the total amount has stayed equal to or above the Nisab for one whole lunar year, then Zakat is due on this wealth, at a rate of two and a half percent (2.5 %) of the amount owned at the end of the year.
	members.lycos.co.uk /archive6782002/August/TheDivineRulesofZakat.htm (1591 words)

	One Ummah Network - Do I calculate my zakat by my entire earnings or what I have left after I pay my bills?
		Nisab of gold is 20 mithqal (4.8 grams) and silver is 200 dirhams (2.52 grams).
		As of 6/15/2004 nisab was estimated at about $1157.70.
		If, for example, you make $2,000 per month and spend $1,400 on expenses, you are not subject to zakat because you will never have nisab for a full year.
	www.oneummah.net /content/view/24/47/index.php (372 words)

	Fiqh of Zakat (Site not responding. Last check: 2007-10-11)
		- Possession of Nisab, and the passage of one, uninterrupted lunar year over it (uninterrupted in the sense that at no point during that period does the amount of money drop to zero.
		However, if it drops below the Nisab without disappearing completely, the year is not considered to be interrupted as long as the amount is over the Nisab.at the period-end.)
		Nisab for silver is 200 dirhams = 19.69 troy oz = 612.36g (~$)
	webpages.marshall.edu /~laher1/zakatFiqh.html (421 words)

	Zakat-ul-mal
		Nisab is either the equivalent of the price of eighty five (85) grams of gold which, according to today's market value, is worth about seven hundred dollars ($700), or the equivalent of the price of five hundred and ninety five (595) grams of silver, which is worth about one hundred and forty dollars ($140).
		Some scholars are of the opinion that it is preferable to consider the Nisab definition, which would help the needy, the most, i.e.
		If the total amount is equal to or greater than the Nisab, and it has stayed above the Nisab for one whole lunar year, then Zakat is due on this wealth, at a rate of two and a half percent (2.5%) of the amount owned at the end of the year.
	www.islam1.org /khutub/Zakat-ul-Mal.htm (1910 words)

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