Zakat on Silver – Nisab and Calculation Explained
Zakat on silver is obligatory when a Muslim owns silver equal to or above the Nisab value for one lunar year. In Pakistan, silver Nisab is commonly used because it has a lower threshold and allows more people to fulfill their Zakat obligation.
The Nisab for silver is 612.36 grams of silver. If the total value of silver you own meets or exceeds this amount, Zakat becomes compulsory at the rate of 2.5%.
Silver includes coins, jewelry, utensils, or any form of silver held as wealth. Even if gold Nisab is not met, Zakat is still required if silver Nisab is reached.
Frequently Asked Questions
Why is silver Nisab used in Pakistan?
Silver Nisab is lower than gold and helps ensure Zakat reaches those in need.
What is the Zakat rate on silver?
Zakat on silver is calculated at 2.5%.