Zakat Harta
“[Fasting is for] a limited number of days. So whoever among you is ill or on a journey [during them] – then an equal number of days [are to be made up]. And upon those who are able [to fast, but with hardship] – a ransom [as substitute] of feeding a poor person [each day]. And whoever volunteers excess – it is better for him. But to fast is best for you, if you only knew.”
Al-Baqarah | 184
Nisab refers to the current price/rate of 86 grams of gold. The Nisab value informs Muslim of whether they are eligible to fulfil Zakat or not. This is because Nisab is the minimum amount that one should have before they are required to fulfil Zakat.
Upon meeting the Nisab value, one should maintain this amount for 1 Hijri year (or 355 days) before their Zakat is due.
Nisab Value (January) $7000
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