Editing Alms (section)

==== ''Nisab'' ====
{{main|Nisab}}
''Zakat'' is obligatory when a certain amount of money, called the ''nisab'' (or minimum amount), is reached or exceeded. Zakat is not obligatory if the amount owned is less than this ''nisab''. The ''nisab'' of gold and golden currency is 20 ''mithqal'', or approximately 85&nbsp;grams of pure gold. One ''mithqal'' is approximately 4.25&nbsp;grams. The ''nisab'' of silver and silver currency is 200 dirhams, which is approximately 595&nbsp;grams of pure silver. The ''nisab'' of other kinds of money and currency is to be scaled to that of gold; the ''nisab'' of money is equivalent to the price of 85&nbsp;grams of 999-type (pure) gold on the day in which ''zakat'' is paid.<ref>{{Cite web|date=2017-05-13|title=What is Zakat on money and When is it required? {{!}} Donate your Zakat|url=https://www.beyazeller.org/en/zakat-ul-mal/|access-date=2022-01-19|website=Beyaz Eller Association|language=en-US}}</ref>

''Zakat'' is obligatory after the money has been in the control of its owner for the span of one lunar year; a lunar year is approximately 355 days. The owner then needs to pay 2.5% (or 1/40) of the money as ''zakat''. The owner should deduct any amount of money he or she borrowed from others, check if the rest reaches the necessary ''nisab'', then pay ''zakat'' for it.<ref>{{Cite web|title=Islamic Aid Zakat (Zakah) {{!}} Donate your Zakat to Fight Poverty in Asia and Africa|url=https://islamicaid.org/zakat-zakah/|access-date=2022-01-19|website=Islamic Aid - changing lives for good - Donate Now Zakat (Zakah) {{!}} Sadaqah {{!}} Refugee Services {{!}} Flood & Disaster Relief Worldwide|language=en-US}}</ref>

If the owner had enough money to satisfy the ''nisab'' at the beginning of the year, but his wealth in any form increased, the owner needs to add the increase to the ''nisab'' amount owned at the beginning of the year and then pay ''zakat'', 2.5%, of the total at the end of the lunar year. There are minor differences between ''fiqh'' schools on how this is to be calculated. Each Muslim calculates his or her own ''zakat'' individually. For most purposes, this involves the payment each year of two and a half percent of one's capital.<ref name="ZakatGuide" />