Zakat is obligatory on Muslims who possess wealth above the minimum threshold known as?
A
Nisab
B
Khums
C
Mahr
D
Jizya
Correct Answer: Option A — Nisab
Explanation:
Nisab is the minimum threshold of wealth a Muslim must possess for Zakat to become obligatory. It is equivalent to 87.48 grams of gold or 61...
Nisab is the minimum threshold of wealth a Muslim must possess for Zakat to become obligatory. It is equivalent to 87.48 grams of gold or 612.36 grams of silver. If a Muslim possesses this amount for one full lunar year they must pay 2.5% of their total savings as Zakat to eligible recipients.