الواجب في زكاة الاوراق النقدية

Currency paper: It is a piece of special paper, decorated with special inscriptions, bearing integer numbers, and corresponding in the kit with a metal balance, in a special proportion determined by law, and issued either by the government, or by an authority that the government allows it to issue; For people to trade it as a currency, it is called by special names, such as the riyal, the pound, the dinar, the dirham, the yen, the dollar, and the euro.

What is considered in zakat on cash is gold or silver, and paper currency is made with gold or silver, according to what is most commonly dealt with, and gold is more expensive. Zakat is not required unless the riyals amount to 8372.5 Saudi riyals, as is the market price on the first of Ramadan of this year 1430 AH. Zakat is the least, which is silver, and this is the choice of Sheikh Ibn Baz in this matter. He said in his fatwas, volume 14, p. 125, which states: (Zakat is obligatory on it if its value reaches the lowest of the two amounts of gold or silver, when he was asked about this issue.

I say the lowest quorum at this time is silver, and now the price of one gram of it in the market is hesitant between 1-2 riyals only. Last year 1429 AH the price of a gram was 1.22 riyals, i.e. (one riyal and twenty-two halalas). The important thing is that the nisab of silver is 595 grams. When we multiply: 595 by 2, the result comes out riyals, and if we multiply it by 1.22 the result comes out [726] riyals, it is hesitant between 726 - 1190 riyals and whoever wants to extract zakat from paper money (money) should look at At that moment in which he wants to pay it out, what is the value of a gram of silver in the market, then multiply the number by 595, the amount is taken out in riyals, so he pays zakat and does not forget that a whole year must pass on this money that he has in order to pay zakat on it, if it is less than this calculation There is no zakat.