⌘ K
In plain terms
Nisab
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Nisab is the minimum threshold of wealth a person must hold before zakat becomes due on it. It is usually calculated against a set weight of gold or silver, converted to current value. Wealth below the nisab carries no zakat obligation.
Related terms
Zakat
Zakat is the obligatory annual payment due on qualifying wealth, once it reaches a minimum threshold, nisab, and has been held for a full lunar year, hawl. It is one of the five…
Hawl
Hawl is the full lunar year that qualifying wealth must stay at or above the nisab threshold before zakat is due. If the wealth drops below the threshold before the year…