Zakaat Q&A (7/26)
Question
What is Nisāb?
Answer
The Nisāb is a threshold. One who possesses Zakātable assets equivalent to the Nisāb amount, will be regarded as a Nisāb holder and will have to check one lunar year later if he still possesses nisab amount to pay Zakāt.
Fatawa SA is an independent, read-only index of fatawa already published by Jamiatul Ulama KZN. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.