To my understanding, there is Zakat for gold but what about Zakat for silver?
Zakat on Silver is based on 2.5% of the value of the silver when the haul and nisab of 600 grams of silver are reached.
Related questions
Who is eligible to pay zakat?
The total weight of my gold jewellery is 450g. Is it obligatory to pay Zakat on it?
I have a combination of savings, shares and insurance. Do I sum them up all, check if it exceeds the nisab, and if yes, I take the net values then times 2.5%? Or do I do the calculation individually on each asset class?
What is the difference between Zakat & Sadaqah?
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