Nisab is the minimum amount of wealth a Muslim must possess before Zakat becomes obligatory. It is based on the value of gold (87.48g) or silver (612.36g). If your total Zakatable assets exceed the Nisab for one lunar year, you must pay 2.5% as Zakat. Most scholars recommend using the silver Nisab as it covers more people in need.
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Look up today's gold and silver prices to find the current Nisab value.
Add up all Zakatable wealth: savings, gold, investments, business assets.
Have you held wealth above Nisab for one full lunar year?
If yes, calculate 2.5% of your total Zakatable assets and distribute.
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