Q: What is the evidence of Nisab?
A: Ali ibn Abi Talib (May Allah be pleased with him) reports that the Prophet (Allah’s blessings and peace be upon him) said:
“If you have 200 dirhams, and it has been saved for a year, (you are) obliged to pay 5 dirhams of Zakat from it. And there is no obligation of Zakat in gold, until you have 20 dinars. If you own 20 dinars and it has been saved for a year, half a dinar must be paid.” (Sunan Abu Dawud)
And Allah knows best!
Mufti Faraz Adam