Nisab
From Wikipedia, the free encyclopedia
 |
This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (March 2008) |
|
Part of a series on the |
|
| Fields | |
|
|
In Sharia (Islamic Jurisprudence) nisab (نصاب) is the amount which savings or capital or product must exceed in order for the Muslim owner to be obliged to give zakat. Several hadith have formulas for calculating nisab. One of the most well known states that No Zakat is due on wealth until one year passes.
In general, nisab is considered an amount equal to the essential needs of a person or family for one year. In many modern societies, nisab is often interpreted to equate a governmentally determined poverty threshold.
 |
This article has not been added to any categories. Please help out by adding categories to it so that it can be listed with similar articles. (May 2009) |
