Question

Assalamu’alaikum,

I’m from Bangladesh. I’d like to know if my wife would be considered as a ‘Sahebe Nisab’. She has had the following properties for the mentioned time period.

1. About 3 vori gold for 2 years (BDT 1,80,000)
2. A couple of diamond ornaments for 2 years (BDT 20,000)
3. Some saved money for 3-4 months (BDT 5,000)

So it would be a total of BDT 2,05,000 (approximately). She has nothing else. Will she have to pay zakat and/or make Qurbani? Please note that the price of

1. 7 vori gold is about BDT 4,22,000
2. 52.5 tola silver is about BDT 45,000
3. The figures are approximate, not exact.

Jazaak Allahu khair. Ma’as Salaam

Answer

In order to determine whether one has to pay zakat or perform qurbani, the threshold (nisab) must first be determined.

There are two threshold, one based on gold and one based on silver. If a person only has gold and no cash or silver they will use the gold threshold. However, if a person owns a mixture of gold and cash or silver then they must use the silver threshold. The threshold of silver is 612.35 grams which according to today’s value (29/07/2021) is £361 or 42,577 BDT. The silver threshold will be used as your wife has a combination of cash and gold.

When calculating zakat, gold, silver, cash and trade stock are taken into consideration. As the value of her gold and cash is more than the silver threshold she will have to pay zakat and give qurbani.

Answered by:
Ifta Research Fellow

Checked & Approved by:
Mufti Abdul Rahman Mangera
Mufti Zubair Patel