Nisaab
The Nisab was set by Prophet Muhammad (SAW) at a rate of 3oz (equivalent to: 87.48 grams) of gold or the equivalent sum in silver which is 21 oz (equivalent to: 612.36 grams) of silver.
The value of Gold Vs. Silver has changed significantly since the time of the Prophet Muhammad (SAW) and the value of silver is the lesser of the two today.
Hasene utilises the Hanafi madhab which calculates the Nisaab based on the value of silver.
The value of Silver is assessed each lunar year via the following resource - CLICK
Our online Zakat calculator will ensure that the Nisaab is met before calculating the full value of your Zakat. Once complete simply checkout and pay via any one of our convenient payment methods.
Our Zakat Calculator can be found here - Zakat Calculator
N.B. Other madhabs utilise the value of Gold for calculating the Nisaab and our valued contributors are able to change the overall value of their Zakat contribution in the checkout to suit.