Explanation
The standard rate of Zakat on silver, gold, and currency is 2.5% (or 2 ½ %) of the total wealth if it meets the Nisab threshold. . .................... If you have 7.5 tola/3 ounces/87.48 grams of gold or 52.5 tota/21 ounces/612.36 grams of silver or its cash equivalent for a full lunar year, then you are considered Sahib-e-Nisab and should pay Zakat 2.5% ............. Zakat become obligatory in 2 AH ........ Zakat money can be spent on Poor Muslims List of Head of Zakat 1. Al-Fuqara (The poor) 2. Al-Masakin (The needy) 3. Zakat collectors 4. Who converted to Islam 5. Freeing captives 6. Debtors 7. In the path of Allah 8. Wayfarer (Traveler)
