Understanding Zakat and Nisab

Zakat is one of the five fundamental pillars of Islam and is an obligatory act of charity for all Muslims who meet the Nisab threshold.

What is Nisab?
Nisab refers to the minimum amount of net wealth a Muslim must possess before Zakat becomes due. The threshold is calculated based on the value of:

• 612.36 grams (52.5 tola) of silver

Muslims who possess wealth equal to or above the Nisab value for a lunar year are required to pay 2.5% of their qualifying assets as Zakat.