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The Ministry of Religious Affairs and Endowments announced that the Nisab (minimum amount liable for Zakat) for the Hijri year 1447 is estimated at 2.295 million dinars. This amount is equivalent to 20 gold dinars, weighing 85 grams of 18-carat gold. The ministry clarified that those who are obliged to pay a quarter of a tenth (25%) of their wealth, whether cash or commercial merchandise, are those whose wealth has reached the Nisab and has been held for a year. Additionally, the ministry has launched postal accounts and electronic services to ensure the collection and distribution of Zakat to eligible recipients.
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