What is the current value of 22g of silver in Rands?
What is the value in Rands of 22g of silver?
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
The current value of 22g of silver for Zakat purposes is R330. (R15/g).
The Nisaab of Zakat for silver is R5, 000. Hence, one will only be entitled to pay zakat on silver if one possesses silver to the value of R5, 000 or more than that.
And Allah Ta’āla Knows Best
Mufti Saeed Ahmed Golaub
Islamic Solutions
Jamaica
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