Nisab

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Islamic jurisprudence (Fiqh)
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Political Political aspects of Islam Islamic leadership Caliphate · Imamah Wilayat al-faqih Bay'ah · Dhimmi
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Etiquette Adab Sex segregation Mahram Honorifics Toilet
Theological Baligh Salat Raka'ah · Qibla · Turbah Sunnah salat (Tahajjud • Tarawih) Nafl salat Sawm Hajj Ihram (Clothing • Mut'ah) Tawaf Umrah (with Hajj)
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In Sharia (Islamic Law) niṣāb (نِصاب) is the amount, which savings or capital or product must exceed in order for the Muslim owner to be obliged to give zakat. Several hadith have formulas for calculating niṣāb. One of the most well known states that No Zakāt is due on wealth until one year passes. Zakat is then calculated on the entire amount of Nisab, and not after exemption unlike Income Tax in secular states.

The amount is for gold 20 dinārs, and for silver 200 dirḥams^[1]. With todays weights, the zakāt-payable amount the amount above is 85 grams gold or 595 g silver. In general, niṣāb is considered an amount equal to the essential needs of a person or family for one year^[2]. In many modern societies, niṣāb is often interpreted to equate a governmentally determined poverty threshold.

References

1. ^ The Minimum Zakatable Amount (Nisab)
2. ^ It means that one lunar year (354 days) has to pass from the day you become an owner of an amount reaching the nisab.