The word nisab is part of zakat definition. It means the minimum amount of property or wealth that must be owned by a muslim before he/she is obligated for zakat. It is also defined as a measurement that determines the obligation for paying zakah for male or female muslim.
To pay zakah, every muslim must note that they have to ensure the balance between debts and owned wealth or properties. Please see this example:
a. Sample one
Debt = 20,000
wealth = 24,000
Nisab = 10,000
for this case, the muslim is not obligated to pay zakah.
b. Wealth = 25.000
debts = 2,000
Nisab = 10.000
for this case, muslim is obligated to pay zakah.
Nisab of every kind of wealth is totally different. Please see this list for details explanation about nisab and calculating each kind of wealth:
- Nisab of livestock
- Gold
- Money
- Harvest
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