Zakat is payable on amounts continuously owned over one lunar year that are in excess of the nisab (minimum amount) and after deduction of any debt amounts to be paid Gold Price (24K) 24.48 OMR Nisab amount is [ 2080.800 ] OMR

Zakat is due on gold and silver if they reach the minimum threshold. The nisab for zakat on gold is twenty Mithqal[2], and the minimum amount of zakat on silver is two hundred dirhams[3]. Whoever possesses the nisab of gold and silver, a quarter of a tenth (1/40) should be paid as zakat. It will come out in twenty Mithqal, half Mithqal of gold[4].
Therefore, if it reaches the minimum amount liable for Zakat and a whole lunar year has elapsed on it, then Zakat has to be paid on it at each year when these two conditions are met. The rate of Zakat is 2.5%. For more benefit on Zakat on invested money, please refer to Fatwa: 83529. Allaah knows best.

Firstly, Zakat is applicable to every sane, adult Muslim who possesses wealth over a certain threshold known as the nisab. The nisab is determined by the value of gold or silver, and it represents the minimum amount of wealth one must possess before Zakat becomes obligatory.

The difference between zakat al-fitr and zakat on one’s wealth in this regard has been explained in this answer: 145558 . Conditions of zakah on money. For zakah to be obligatory on cash, two conditions are stipulated: 1. That it has reached the minimum threshold. 2. That one full hijri year has passed since it reached that threshold.

Nisab is the minimum amount the Prophet, on him be peace, set as the fixed thresholds at which a Muslim must pay Zakat on eligible kinds of wealth. Different types of assets have different thresholds. Literally, nisab means ‘origin’ because the right of the poor and Zakat-worthy in one’s wealth begins at this limit of its accumulation.
The Zakat you pay on these wealth types after 12 full lunar months (354 days) passes on your full ownership of them, counting from the date of acquisition (separately) of each. HARVESTS / WINDFALLS: You need to pay Zakat immediately on crops, honey, and produce, as well as extracted minerals and discovered treasure, at the time of their harvest.
Answered by Shaykh Yusuf Weltch. Question. I often pray behind an Imam who either recites one or two long ayas, which doesn’t equate to the length of wajib recitation of 3 ayas, or they don’t recite in order as Hanafi fiqh states.
There are two kinds of zakat payments — one paid out of savings and another special payment, Zakat Al-Fitr, made before Eid to help people pay for celebrations. In Australia this year Zakat Al
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    • minimum amount for zakat