Rulings on Zakat for Silver and its Nisab
Zakat on Silver is considered one of the types of zakat that Allah سبحانه وتعالى has made obligatory upon every Muslim who owns the nisab (minimum required amount) of silver. As a precious and stored metal, silver is subject to zakat, which is given to the poor and needy to help improve their lives. It also plays a major role in purifying wealth and the soul, and in attaining multiplied reward and blessings from Allah سبحانه وتعالى.
So follow our article today to learn together about the nisab of Zakat on Silver, how to calculate and pay it, and how to donate your zakat through Al-Wefaa Association, a trusted organization and the ideal choice for those who wish to give charity and help the needy.
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The Obligation of Zakat on Silver
Allah سبحانه وتعالى has made Zakat on Silver obligatory for Muslims and commanded them to give it to the poor and needy to help them secure a stable life far from deprivation and hardship.
Islam has specified the eligible recipients of Zakat on Silver and other types of zakat as a way of fostering social solidarity and compassion among people. Precious metals are among the categories subject to zakat, provided they are not intended for personal adornment or use. Allah has promised those who give zakat on silver and gold a great reward and immense blessings.
Nisab of Zakat on Silver
The legal nisab for Zakat on Silver in Islam is 595 grams of pure silver. A full lunar year must pass while the silver remains in the owner’s possession. After that, one-quarter of one-tenth (2.5%) of the total value must be given to the poor and needy to improve their living conditions and financial situation.
Amount of Zakat on Silver
The required amount of Zakat on Silver is one-quarter of one-tenth of the total owned silver, which equals 2.5% or 0.025. Anyone who reaches the nisab should promptly calculate the zakat by multiplying the current weight by 2.5% to ensure accurate payment. By doing so, the owner earns reward from Allah for contributing to improving the lives of many needy individuals.
How to Pay Zakat on Silver
Paying Zakat on Silver to its rightful recipients involves the following steps:
First, ensure that the owned silver reaches the nisab, which is 595 grams of pure silver.
Make sure the conditions of zakat are fulfilled, including the completion of one full lunar year and full ownership without partners.
Calculate the zakat by multiplying the total current weight by 2.5% to determine the correct amount.
Deliver the Zakat on Silver to eligible recipients among the poor and needy in obedience to Allah’s commands and the teachings of the Prophet صلى الله عليه وسلم who said: “Give charity, for a time will come when a man will walk with his charity and the one he offers it to will say: Had you brought it yesterday, I would have accepted it, but today I have no need of it.”
Allah says: (Have you feared to present charities before your private consultation? But if you do not and Allah has forgiven you, then establish prayer and give zakat and obey Allah and His Messenger. And Allah is Acquainted with what you do.) (Al-Mujadila 58:13).
Combining Silver with Gold to Complete the Nisab
The majority of scholars, including the Maliki and Hanafi schools and one narration from Ahmad, hold that silver may be combined with gold to complete the nisab if neither individually reaches it. They consider this a permissible juristic matter since both are precious metals.
However, the Shafi’i school holds that silver should not be combined with gold, and each should remain independent.
How to Combine Silver with Gold to Complete the Nisab
Combining silver with gold to complete the nisab is done by calculating their total monetary value rather than their weight. If the combined value reaches the nisab, zakat of 2.5% becomes due.
It is worth noting that if a person owns silver below the nisab and gold below the nisab, but together their value equals the nisab of silver, then zakat becomes obligatory.
Donate Your Zakat to the Needy and Be Their Support
Contribute now to helping the poor and needy and be a source of support during their difficult days by donating your zakat to improve their lives and elevate their living standards. You will receive multiplied reward and blessed provision as promised by Allah: (The example of those who spend their wealth in the way of Allah is like a seed which grows seven ears; in every ear is a hundred grains. And Allah multiplies for whom He wills. And Allah is All-Encompassing and Knowing.) (Al-Baqarah 2:261).
How to Donate Your Zakat to the Needy Through Al-Wefaa Association
You can donate your zakat to support the needy by relying on Al-Wefaa Humanitarian Association, a trusted organization that ensures zakat reaches eligible beneficiaries quickly, transparently, and efficiently through an experienced team that has earned the trust of many donors.
Do not hesitate to donate online through Al-Wefaa Association’s official website and be among the pioneers of good deeds.
Frequently Asked Questions
When is Zakat on Silver obligatory?
Zakat on Silver becomes obligatory when it reaches the nisab of 595 grams of silver and a full lunar year has passed while meeting the condition of full ownership without any partners.
How is Zakat on Silver paid?
Zakat on Silver is paid after confirming it has reached the nisab by giving one-quarter of one-tenth (2.5%) of its monetary value or total weight.
What is the nisab of silver for zakat?
The nisab of silver for zakat is 595 grams of pure silver, whether it is 1000 or 999 purity, provided it is not jewelry intended for personal use.
How do you calculate Zakat on Silver?
Zakat on Silver is calculated by first determining the total weight, including coins and bars, then confirming it reaches the nisab. The total weight is multiplied by 0.025 or divided by 40 to determine the due amount.
