FAQ’S Pertaining To Zakaat (3/20)
Question
What is Nisaab?
Answer
The Nisaab value is a threshold. One who possesses Zakātable assets equivalent to the Nisaab amount, will be regarded as a Nisaab holder and will have to check one lunar year later if he still possesses Nisaab amount to pay Zakaat.
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.